Accounting 560/Business Law 560

Taxation of Flow Through Entities


Spring 2000



Classroom:                 ECTR 101 Tuesdays 5:30-8:15

Instructor:                  Linda Jacobsen Bradley, Ph.D., CPA

Office:                         9 Liberty Street, Room 116

E-mail:               (office)



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.




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