Informações sobre o curso: This course provides an introduction to the U.S. federal income taxation of corporations and their shareholders. The course focuses on the relevant provisions of Subchapter C of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing corporate formation, operations, distributions, and liquidation. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.
Desenvolvido por: University of Illinois at Urbana-Champaign
Ministrado por: Michael P Donohoe, PhD, CPA, Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business
| Informações básicas | Curso 3 de 5 no U.S. Federal Taxation Specialization |
| Nível | Intermediário |
| Compromisso | 8 weeks of study, 6-8 hours/week |
| Idioma | Inglês |
| Como ser aprovado | Seja aprovado em todas as tarefas para concluir o curso. |
| Classificação do usuário |
Conclua este curso para chegar mais perto de:
Programa de cursos integrados U.S. Federal Taxation
Este curso faz parte do Programa de cursos integrados U.S. Federal Taxation de 5 cursos do University of Illinois at Urbana-Champaign
Master of Science in Accountancy (iMSA)
Este curso faz parte do programa de graduação 16 eight-week courses totalmente on-line
Programa
SEMANA 1
Course Orientation
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
2 videos, 4 leituras, 1 teste para praticar
- Vídeo: About Prof Donohoe
- Reading: Syllabus
- Reading: About the Discussion Forums
- Quiz pour s'exercer: Orientation Quiz
- Reading: Update Your Profile
- Discussion Prompt: Get to Know Your Classmates
- Reading: Build a Learning Community with Social Media
Module 1: Overview of Business Taxation
In this module, you will review the basics of tax law, which includes the origins of taxation, the three sources of tax law, the hierarchy of tax law, and judicial doctrines. Next, you will cover the fundamental features of the different organizational forms: sole proprietorship, partnership, corporation, and limited liability corporation. There will also be a discussion on strategic form choice. Finally, you will be introduced to entity classification for tax purposes.
11 videos, 1 leituras, 3 testes para praticar
- Discussion Prompt: Make Connections to Topic
- Reading: Module 1 Overview and Resources
- Vídeo: Lesson 1.1.1 Origins of Taxation
- Vídeo: Lesson 1.1.2 Sources of Tax Law: Statutory
- Vídeo: Lesson 1.1.3 Sources of Tax Law: Administrative
- Vídeo: Lesson 1.1.4 Sources of Tax Law: Judicial
- Vídeo: Lesson 1.1.5 Hierarchy of Tax Law Sources
- Vídeo: Lesson 1.1.6 Judicial Doctrines
- Quiz pour s'exercer: Lesson 1.1 Knowledge Check
- Vídeo: Lesson 1.2.1 Fundamental Features
- Vídeo: Lesson 1.2.2 Strategic Form Choice
- Quiz pour s'exercer: Lesson 1.2 Knowledge Check
- Vídeo: Tax Entity Classification
- Quiz pour s'exercer: Lesson 1.3 Knowledge Check
- Vídeo: Module 1 Wrap-Up
Nota atribuída: Module 1 Quiz
SEMANA 2
Module 2: Corporate Income Taxation
In this module, you will compare the tax formula for C corporations with the tax formula for individuals. Next, you will examine special tax deductions available only to corporations, such as the dividends received deduction, and the organizational expenditures deduction. You will learn how to calculate corporate income tax liability and compute the corporate Alternative Minimum Tax (AMT). This module will also discuss book-tax differences, and finally, it will discuss compliance procedures.
15 videos, 1 leituras, 5 testes para praticar
- Reading: Module 2 Overview and Resources
- Vídeo: Income Tax Formulas
- Quiz pour s'exercer: Lesson 2.1 Knowledge Check
- Vídeo: Lesson 2.2.1 Dividends Received Deduction: Concepts
- Vídeo: Lesson 2.2.2 Dividends Received Deduction: Applications
- Vídeo: Lesson 2.2.3 Organizational Expenditures Deduction: Concepts
- Vídeo: Lesson 2.2.4 Organizational Expenditures Deduction: Applications
- Quiz pour s'exercer: Lesson 2.2 Knowledge Check
- Vídeo: Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts
- Vídeo: Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications
- Quiz pour s'exercer: Lesson 2.3 Knowledge Check
- Vídeo: Lesson 2.4.1 Corporate Alternative Minimum Tax: Concepts
- Vídeo: Lesson 2.4.2 Corporate Alternative Minimum Tax: Applications
- Quiz pour s'exercer: Lesson 2.4 Knowledge Check
- Vídeo: Lesson 2.5.1 Penalty Taxes on Corporate Accumulations
- Vídeo: Lesson 2.5.2 Related Corporations
- Quiz pour s'exercer: Lesson 2.5 Knowledge Check
- Vídeo: Book-Tax Differences
- Vídeo: Compliance Procedures
- Vídeo: Module 2 Wrap-Up
Nota atribuída: Module 2 Quiz
SEMANA 3
Module 3: Corporate Formation I
In this module, you will review the taxation of property transactions. You will be introduced to the Sunchaser Shakery which is a firm that you will apply concepts to. Then, you will examine the nonrecognition provisions in property-for-stock transactions and consider possible exceptions and conditions.
17 videos, 1 leituras, 3 testes para praticar
- Reading: Module 3 Overview and Resources
- Vídeo: Lesson 3.1.1. Acquisition and Disposition
- Vídeo: Lesson 3.1.2 Recognition
- Vídeo: Lesson 3.1.3 Character
- Vídeo: Lesson 3.1.4 Recapture
- Vídeo: Lesson 3.1.5 Recapping Recapture
- Quiz pour s'exercer: Lesson 3.1 Knowledge Check
- Vídeo: Sunchaser Shakery
- Vídeo: Introduction to Non-Recognition Provisions
- Vídeo: Lesson 3.3.1 Non-Recognition Provisions: Concepts
- Vídeo: Lesson 3.3.2 Non-Recognition Provisions: Applications
- Quiz pour s'exercer: Lesson 3.3 Knowledge Check
- Vídeo: Lesson 3.4.1 Basis Determination & Holding Period: Concepts
- Vídeo: Lesson 3.4.2 Basis Determination & Holding Period: Applications
- Quiz pour s'exercer: Lesson 3.4 Knowledge Check
- Vídeo: Lesson 3.5.1 Built-In Loss Property: Concepts
- Vídeo: Lesson 3.5.2 Built-In Loss Property: Applications
- Vídeo: Lesson 3.6.1 Treatment of “Boot”: Concepts
- Vídeo: Lesson 3.6.2 Treatment of “Boot”: Applications
- Vídeo: Module 3 Wrap-Up
Nota atribuída: Module 3 Quiz
SEMANA 4
Module 4: Corporate Formation II
In this module, you will continue to explore property-for-stock transactions. Assumption of liabilities and transfer of services along with property will be introduced. Next, you will examine the effects of capital contributions on corporations, shareholders, and non-shareholders. You will also analyze the rules for debt and equity regarding capital structure. Finally, investor losses due to worthlessness of debt/equity investments and bad debts will be discussed.
14 videos, 1 leituras, 6 testes para praticar
- Reading: Module 4 Overview and Resources
- Vídeo: Lesson 4.1.1 Assumption of Liabilities: Concepts
- Vídeo: Lesson 4.1.2 Assumption of Liabilities: Applications
- Quiz pour s'exercer: Lesson 4.1 Knowledge Check
- Vídeo: Lesson 4.2.1 Property and Services: Concepts
- Vídeo: Lesson 4.2.2 Property and Services: Applications
- Quiz pour s'exercer: Lesson 4.2 Knowledge Check
- Vídeo: Lesson 4.3.1 Capital Contributions: Concepts
- Vídeo: Lesson 4.3.2 Capital Contributions: Applications
- Quiz pour s'exercer: Lesson 4.3 Knowledge Check
- Vídeo: Lesson 4.4.1 Debt versus Equity: Concepts
- Vídeo: Lesson 4.4.2 Debt versus Equity: Applications
- Quiz pour s'exercer: Lesson 4.4 Knowledge Check
- Vídeo: Lesson 4.5.1 Investor Losses: Concepts
- Vídeo: Lesson 4.5.2 Investor Losses: Applications
- Quiz pour s'exercer: Lesson 4.5 Knowledge Check
- Vídeo: Lesson 4.6.1 Small Business Stock: Concepts
- Vídeo: Lesson 4.6.2 Small Business Stock: Applications
- Quiz pour s'exercer: Lesson 4.6 Knowledge Check
- Vídeo: Module 4 Wrap-Up
Nota atribuída: Module 4 Quiz
SEMANA 5
Module 5: Corporate Non-Liquidating Distributions
In this module, you will learn about corporate non-liquidating distributions. First, earnings and profits (E&P) will be discussed, and you will learn how to calculate E&P. Next, you will analyze the treatment of cash distributions followed by property distributions. You will then cover the treatment of stock distributions. Finally, treatment of constructive dividends and qualified dividends will be explored.
14 videos, 1 leituras, 7 testes para praticar
- Reading: Module 5 Overview and Resources
- Quiz pour s'exercer: Lesson 5.0 Knowledge Check
- Vídeo: Lesson 5.1.1 Earnings & Profits: Concepts
- Vídeo: Lesson 5.1.2 Earnings & Profits: Applications
- Quiz pour s'exercer: Lesson 5.1 Knowledge Check
- Vídeo: Lesson 5.2.1 Cash Distributions: Concepts
- Vídeo: Lesson 5.2.2 Cash Distributions: Applications
- Quiz pour s'exercer: Lesson 5.2 Knowledge Check
- Vídeo: Lesson 5.3.1 Property Distributions: Concepts
- Vídeo: Lesson 5.3.2 Property Distributions: Applications
- Quiz pour s'exercer: Lesson 5.3 Knowledge Check
- Vídeo: Lesson 5.4.1 Stock Distributions: Concepts
- Vídeo: Lesson 5.4.2 Stock Distributions: Applications
- Quiz pour s'exercer: Lesson 5.4 Knowledge Check
- Vídeo: Lesson 5.5.1 Constructive Distributions: Concepts
- Vídeo: Lesson 5.5.2 Constructive Distributions: Applications
- Quiz pour s'exercer: Lesson 5.5 Knowledge Check
- Vídeo: Lesson 5.6.1 Qualified Dividends: Concepts
- Vídeo: Lesson 5.6.2 Qualified Dividends: Applications
- Quiz pour s'exercer: Lesson 5.6 Knowledge Check
- Vídeo: Module 5 Wrap-Up
Nota atribuída: Module 5 Quiz
SEMANA 6
Module 6: Corporate Redemptions and Partial Liquidations
In this module, you will explore redemptions and partial liquidations, which is when shareholders sell stock back to the issuing corporation in exchange for cash. You will learn about the five types of qualified redemptions, which are applied after you have considered stock attribution rules. Finally, you will analyze how these redemptions are treated by both the shareholders and the corporation.
11 videos, 1 leituras, 5 testes para praticar
- Reading: Module 6 Overview and Resources
- Vídeo: Background & Basics
- Quiz pour s'exercer: Lesson 6.1 Knowledge Check
- Vídeo: Lesson 6.2.1 Stock Attribution Rules: Concepts
- Vídeo: Lesson 6.2.2 Stock Attribution Rules: Applications
- Quiz pour s'exercer: Lesson 6.2 Knowledge Check
- Vídeo: Lesson 6.3.1 Qualifying Stock Redemptions I: Concepts
- Vídeo: Lesson 6.3.2 Qualifying Stock Redemptions I: Applications
- Quiz pour s'exercer: Lesson 6.3 Knowledge Check
- Vídeo: Lesson 6.4.1 Qualifying Stock Redemptions II: Concepts
- Vídeo: Lesson 6.4.2 Qualifying Stock Redemptions II: Applications
- Quiz pour s'exercer: Lesson 6.4 Knowledge Check
- Vídeo: Lesson 6.5.1 Corporate Tax Effects: Concepts
- Vídeo: Lesson 6.5.2 Corporate Tax Effects: Applications
- Quiz pour s'exercer: Lesson 6.5 Knowledge Check
- Vídeo: Module 6 Wrap-Up
Nota atribuída: Module 6 Quiz
SEMANA 7
Module 7: Corporate Liquidations
In this module, you will be introduced to corporate liquidations. Some basic information on liquidations will be given, followed by a discussion on corporate tax treatment of complete liquidations. Also, the tax effects on shareholders will be analyzed. Finally, you will examine the tax effects on both the parent and subsidiary in parent-subsidiary liquidations.
15 videos, 1 leituras, 5 testes para praticar
- Reading: Module 7 Overview and Resources
- Vídeo: Background & Basics
- Quiz pour s'exercer: Lesson 7.1 Knowledge Check
- Vídeo: Lesson 7.2.1 Corporate Tax Effects: Concepts
- Vídeo: Lesson 7.2.2 Corporate Tax Effects: Applications
- Quiz pour s'exercer: Lesson 7.2 Knowledge Check
- Vídeo: Introduction to Corporate Anti-Stuffing Rules
- Vídeo: Lesson 7.3.1 Corporate Anti-Stuffing Rules: Concepts I
- Vídeo: Lesson 7.3.2 Corporate Anti-Stuffing Rules: Applications I
- Vídeo: Lesson 7.3.3 Corporate Anti-Stuffing Rules: Concepts II
- Vídeo: Lesson 7.3.4 Corporate Anti-Stuffing Rules: Applications II
- Quiz pour s'exercer: Lesson 7.3 Knowledge Check
- Vídeo: Lesson 7.4.1 Shareholder Tax Effects: Concepts
- Vídeo: Lesson 7.4.2 Shareholder Tax Effects: Applications
- Quiz pour s'exercer: Lesson 7.4 Knowledge Check
- Vídeo: Lesson 7.5.1 Parent Tax Effects
- Vídeo: Lesson 7.5.2 Subsidiary Tax Effects
- Vídeo: Lesson 7.5.3 Applications
- Quiz pour s'exercer: Lesson 7.5 Knowledge Check
- Vídeo: Module 7 Wrap-Up
Nota atribuída: Module 7 Quiz
SEMANA 8
Module 8: Corporate Reorganizations
In this module, you will explore corporate reorganizations. First, some background on the history of corporate restructuring will be given. Next, you will be introduced to the different types of tax-deferred reorganizations. Finally, you will learn analyze the tax consequences of these reorganizations.
11 videos, 1 leituras, 7 testes para praticar
- Reading: Module 8 Overview and Resources
- Vídeo: Historical Background
- Quiz pour s'exercer: Lesson 8.1 Knowledge Check
- Vídeo: Lesson 8.2.1 General Requirements
- Quiz pour s'exercer: Lesson 8.2.1 Knowledge Check
- Vídeo: Lesson 8.2.2 Type A Reorganizations
- Quiz pour s'exercer: Lesson 8.2.2 Knowledge Check
- Vídeo: Lesson 8.2.3 Type B and C Reorganizations
- Quiz pour s'exercer: Lesson 8.2.3 Knowledge Check
- Vídeo: Lesson 8.2.4 Type D Reorganizations
- Quiz pour s'exercer: Lesson 8.2.4 Knowledge Check
- Vídeo: Lesson 8.2.5 Type E, F, and G Reorganizations
- Quiz pour s'exercer: Lesson 8.2.5 Knowledge Check
- Vídeo: Lesson 8.3.1 Tax Consequences: Concepts
- Vídeo: Lesson 8.3.2 Tax Consequences: Applications
- Quiz pour s'exercer: Lesson 8.3 Knowledge Check
- Vídeo: Module 8 Wrap-Up
- Vídeo: Course Wrap-Up
- Discussion Prompt: Final Reflection: I used to think ... Now I think
Nota atribuída: Module 8 Quiz
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University of Illinois at Urbana-Champaign
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Classificações e avaliações
Hello
My name is Abdel Fatah Bengeloune and I just completed the course which I greatly appreciated. However, would like to share my concern of not having a case study applied to the form 1120 for corporation. We should be able to know how to fill out the form 1120 properly with a typical scenario case. This should have been included in the course. Thank you.
The test of any course is the level of knowledge attained from the course. In comparison to the Income Tax Acts of lesser countries, The Federal Income Tax codes and regulations are comprehensive and perceived as intimidating by non-US tax practitioners. This course has relieved me of such fears.
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Excellent Course Structure. But need more Comprehensive Form 1120 Tax Return Series Problems for more practice & retention for a US Tax Career.