Accounting 560/Business Law 560
Taxation of Flow Through Entities
Classroom: ECTR 101 Tuesdays 5:30-8:15
Office: 9 Liberty Street, Room
116
E-mail: bradleyl@cofc.edu (office)
bradleylj@home.com (alternate)
Office
telephone: 843-953-8039
Assistant: 843-953-7835
Home
telephone: 843-886-4977 (leave
message)
843-886-4978
(alternate home)
Office
hours: Tuesday: 1:30 p.m.-5:30 p.m.
and by appointment
Required
Texts:
Gunn. Partnership
Income Taxation
Kleinrock’s CD for the Internal Revenue
Code of 1986 and Treasury Regulations:
Annotated and Selected
Suggested Reference: Prentice-Hall’s
Federal Taxation—Comprehensive (Recent Edition)
An additional resource may be required
for the taxation of trusts/estates.
Prerequisites:
Undergraduate Tax I and
graduate-student-standing
Course
Objectives:
The objectives of this course are to:
1.
develop the technical skills of the student to identify tax problems of
pass-through entities, isolate the tax issues, and develop the documentary
support and arguments for an acceptable solution to complex tax problems
regarding pass-through entities, and
2.
develop and
hone the skills of the student necessary to effectively communicate proposed solutions
to tax problems.
Students will be required to organize and
communicate their findings in oral and written (typed) reports. It will be necessary for students to spend hours each week reading the
texts and using computerized database tax libraries. The class will be conducted as a seminar. Timely preparation of all written
assignments is necessary since late
work will not be accepted.
Because the final grade is based in part on class participation, attendance is required. Missing more than 10% of the course (i.e.,
more than two sessions) will carry a pro-rata grade point penalty.
GRADING (approximate grading determination percentages):
Cases/Written Assignments/Oral
Presentations 150 points
Midterm Exam #1 100
points
Midterm Exam #2 100
points
Final Exam (Comprehensive) 150
points
A
Word About Cheating: DON'T!
Students caught cheating in this class
will receive a failing grade for the course and will have their behavior
reported to the Dean of Students for appropriate disciplinary action. The Honor Code of the College of Charleston
is expected to be followed. Plagiarism
is also cheating. Plagiarism and
cheating refer to the use of unauthorized books, notes, or otherwise securing
help on a test; copying tests, assignments, reports or term papers;
representing the work of another person as one's own; collaborating, without
authority, with another student during an examination or in preparing academic
work; signing another student's name on an attendance sheet; or otherwise
practicing dishonesty.
Assignments are to be handed in at the
first of class of the date assigned.
Readings are to be completed and ready for discussion at the beginning
of the class of the date assigned.
Tax Research Projects:
The
research projects should follow the following format:
I.
Facts V.
Explanation
II.
Issue
VI. Alternate authority (if any)
III. Law VII. Alternate conclusion (if any)
IV. Conclusion VIII.
Alternate explanation (if any)
The
tax research papers should be a maximum of two pages typewritten. Single or double spaced is acceptable. Please
do not right-justify your lines.
Tentative Reading Schedule:
Accounting 560
Taxation of Flow
Through Entities
Spring 2000
Meting
# Date
1 1/18 Tu PTR
Definition/Formation of Partnership (Garverick McCoy Handout)
2 1/25 Tu PTR Operation
of a Partnership (Ch 9 & 10, Kramer and Pope)
3 2/1
Tu PTR (Gunn Ch 1-3)
4 2/8
Th PTR (Gunn Ch 4-6)
5 2/15 Tu PTR (Gunn Ch 7-10)
6 2/22 Tu PTR (Gunn 11-13)
2/23 Fri Last
Day to Drop with a Grade of “W”
7 2/29 Tu Mid-Term
#1--Partnerships
3/7 Tu Spring Break
8 3/14 Tu S CORP
9 3/21 Tu TRUSTS/EST
10 3/28 Tu
TRUSTS/EST
11 4/3 Tu Mid-Term
#2—S Corporations and Trusts/Estates and Beneficiaries
12 4/10 Tu Presentations
13 4/17 Tu Presentations
14 4/24 Tu Presentations
Final
Exam: Tuesday, May 2, 2000, 5:30-8:30