Taxation I: Individual Income Tax

Corporate Formation and Capital Structure

Examine corporate formation transactions, capital contributions, and organizational expenditures. Analyze the tax implications of different capital structures and understand the foundation for ongoing corporate tax obligations.

Corporate Income and Deduction Rules

Master corporate income recognition principles, business expense limitations, and specialized deduction rules. Apply tax accounting methods and understand the unique aspects of corporate taxable income computation.

Corporate Tax Liability Calculations

Calculate corporate tax liabilities using current tax rates, credits, and alternative minimum tax considerations. Develop expertise in documenting tax positions and preparing supporting schedules for compliance purposes.

Corporate Distributions and Redemptions

Analyze the tax treatment of dividend distributions, constructive dividends, and stock redemptions. Understand earnings and profits calculations and their impact on distribution characterization.

Corporate Liquidations and Reorganizations

Apply tax rules governing complete corporate liquidations, installment liquidations, and basic tax-free reorganizations. Evaluate the tax consequences to both corporations and shareholders.

International Corporate Tax Fundamentals

Analyze basic international tax considerations including foreign tax credits, controlled foreign corporation rules, and transfer pricing principles affecting U.S. corporations with international operations.

Corporate Tax Ethics and Compliance

Apply ethical requirements and professional responsibilities specific to corporate tax practice. Master disclosure requirements, standards for tax positions, and compliance with Circular 230 regulations.