Tax Accounting II

Catalog description

This course is a details comprehensive examination of federal tax regulations that apply to corporations, partnerships, estates and trusts is presented at an advanced level. Emphasis is placed on computing taxable income and tax liability for corporations/partnerships. Topics covered will include the technical aspects of liquidating and non-liquidating distributions, acquisitions and reorganizations, consolidated tax returns, closely held corporations, retirement plans and social security taxes, taxes due on gifts, estates trust, S corporations and foreign related transactions.