This course introduces students to the federal income taxation of corporations, partnerships and limited liability companies. Topics covered will include choosing the appropriate entity, formation of the entity, operation and distribution, sales of interests, tax-free reorganizations, and liquidations.Law 230. Business Associations is recommended but not required.
Course Specific Learning Outcomes:Be able to (1) structure a business entity or transaction consistent with a client's tax and non-tax objectives and (2) interpret and apply the Tax Code and Regulations in a particular set of circumstances
Administrative Law & Government Regulation - Financial Regulation;
Administrative Law & Government Regulation - Economic and Consumer Regulation;
Taxation & Public Finance;