Corporate and Partnership Tax (Short Course)

An introduction to federal income taxation of business entities—corporations, partnerships, and limited liability companies (LLCs). Tax considerations relevant to choosing a form of business will be emphasized, as well as tax consequences of the formation of C corporations, S corporations, partnerships and LLCs. Some time also will be spent on taxation of the operation and sale of corporate, partnership, and LLC businesses.

Note: This survey course is designed for students interested in business law generally, rather than those particularly interested in taxation itself. It does not qualify in any way as an approved federal tax course for purposes of the Federal Tax Law Certificate.

Note: This course overlaps with the full 3-hour courses on Corporate Taxation and Partnership Taxation. Students are advised not to take this course if they have taken (or plan to take) Corporation Taxation or Partnership Taxation. Students who take both Corporate Taxation and Partnership Taxation will receive no academic credit for this course. Students who take either Corporate Taxation or Partnership Taxation (but not both) will receive only one (1) hour of academic credit for this course.

Prerequiste: Income Taxation I