22:010:614Tax Research (1) Involves case and statutory and research. Issues will change from semester to semester and consist of issues in the federal tax arena as well as state and local tax issues. Prerequisite: 22:010:603. |
22.010:615Partnership Taxation (3) Special attention is given to all aspects of partnership taxation. Subjects include partnership formation and liquidation; special allocations; basis adjustments for operating items; and deductions, losses, and credits to partners. Research into difficult partnership issues is also stressed. Prerequisite: 22:010:603. |
22:010:616Federal Tax Practice and Procedures (3) Focus of course is on tax principles (law, regulation, and other authority) including use of tax research sources; administrative and statutory procedures and limitations, including court appeals; taxpayer and practitioner penalties and responsibilities; and professional ethics for the tax practitioner. Prerequisite: 22:010:603. |
22:010:618Advanced Corporate Taxation (3) Involves extensive research into complex corporate taxation issues and in particular tax-free reorganizations. The specific topics of interest change with each trimester with the attempt to have students address the most current issues. Prerequisite: 22:010:603. |
22:010:619Income Taxation of Trusts and Estates (3) Reviews how the Internal Revenue Code taxes income earned by trusts and estates and how this system of taxation has features in common with the taxation of conduit entities such as a partnership and the taxation of entities such as a C-corporation. Also examines the tax attributes of grantor and charitable trusts. Prerequisite: 22:010:603. |
22:010:620State and Local Taxation (3) Analysis into how states impose taxes on individuals and business entities, the nature of these taxes, and the repercussions that stem from multistate operations. Prerequisite: 22:010:603. |
22:010:621Financial Accounting for Arts Nonprofits (3) Designed for those interested in nonprofit arts management. Examines the essential tools for financial controls used by arts organizations. Speakers from the nonprofit field will discuss GAAP as now used in the nonprofit field, as well as the latest tax issues. |
22:010:625Taxation of Tax-Exempt Entities (3) Covers the taxation of tax-exempt entities, including the taxation of unrelated business income. It will detail how entities qualify for tax-exempt status and what they need to do to maintain their status as such. Prerequisite: 22:010:603. |
22:010:626Estate and Gift Taxation (3) Covers factors affecting gratuitous transfers of property during lifetime and at death, together with reporting requirements for gifts, property subject to estate taxation, and income tax reporting requirements for trusts and estates. Also explores the planning opportunities available to minimize taxation. Prerequisite: 22:010:603. |
22:010:627Pension and Profit-Sharing Plans (3) Surveys all the possible ways the Internal Revenue Code permits taxpayers to plan for their retirement in ways that are most tax efficacious. Also examines how employers compensate their employees in ways that may defer tax, employing the use, for example, of qualified and nonqualified stock options plans. Prerequisite: 22:010:603. |
22:010:629International Taxation (3) This is a survey course that will examine the tax repercussions that stem from U.S. persons and entities doing business overseas and, alternatively, the tax repercussions that stem from overseas businesses doing business in the United States. Prerequisite: 22:010:603. |
