ACC 407 Taxation of Business Entities (2)

A survey of the general concepts, rules, and practices involved in the taxation of sole-proprietorships, corporations, partnerships, and subchapter S corporations. Pre: 401 with C- or better. Must be taken concurrent with ACC 425.

Subjects:

  • Basic tax research
  • Choice of Entity
  • Corporate formation
  • Tax accounting methods
  • Operation of the corporate income tax
  • Non-liquidating corporate distributions
  • Corporate liquidations and distributions
  • Alternative minimum tax
  • Partnership formation and distributions
  • S corporations
  • Limited Liability Companies
  • Ethical issues
  • Optional topics: tax returns of different tax entities, consolidated tax issues, comparative international tax treatment of business entities