Catalogue 2019 - 2020

LAW 740 Taxation of Business Entities



Course Description

This course focuses on the federal income tax treatment of corporations, Subchapter S corporations, partnerships and limited liability companies. The course will compare and contrast the federal income tax treatment of the different entities. Areas of study will include tax consequences from the formation of the entity; from the operation of the entity; from retirement or death of an owner; from the redemption of an owner's interest by the entity; and from the liquidation or sale of the entity. 3 Credits. Income Tax I is a prerequisite.