LAW 780LEC - Taxation of Business Entities

This survey course will cover the basics of taxation of business entities and their owners. It will include an introduction to Federal taxation of C Corporations, Partnership, LLCs, and S Corporations. This course is designed primarily for students interested in business and will focus on identification and resolution of tax issues in common business transactions. Because of the this goal, students will be required to read provisions of the Internal Revenue Code and Treasury Regulations (as well as other primary and secondary source material), and prepare written answers to pre-assigned problems (in a format that lends itself to collection and grading), prior to attending each class lecture. Class participation consisting of participation in class discussion and the grading of pre-assigned problems will constitute a significant portion of each students final grade. Prerequisite: Federal Income Taxation I. Please note that a prerequisite is a REQUIRED course that is taken BEFORE (not concurrently with) this course. Students that enroll in this class without having taken Federal Income Taxation I (and having received a passing grade in that course) in a prior semester will be dropped automatically by the professor. This course may not be taken if the student previously has taken Corporate Taxation or Partnership Taxation.

Credits: 3

Prerequisites & Notes
Pre-Requisite: LAW 608 (Federal Taxation I). Students who have taken Corporate Taxation and Partnership Taxation may not enroll in this course.