MACC - 542. Advanced Tax

3 credit(s)
This course provides a more in-depth discussion of the taxation of entities other than individuals. Topics include the taxation of Subchapter C or ‘regular’ corporations and the tax effects of transactions with shareholders: from organization, to operation, to termination or liquidation. Similar tax provisions relating to Subchapter S corporations and partnerships are also covered and compared and contrasted with those of Subchapter C corporations. An introduction to multistate taxation will be made with an emphasis on the taxation of entities in New York State. Coverage of federal gift and estate tax provisions will be incorporated as well. Building on the research skills acquired in the undergraduate taxation course students will research, analyze and communicate conclusions about issues related to the above topics.

Attribute: BUS