Corporate Taxation

Catalog description

Students in this course will evaluate the tax implications and create tax returns for corporations doing business in different legal structures, calculate and assess proper employer withholding taxes and file appropriate returns, and evaluate the impact of depreciation, cost recovery, amortization, and depletion on tax liability for single, multi-state corporations, and international corporations. Students will evaluate estate and trust tax liability, determine the liabilities on taxable federal gifts, and assess the tax impact of partial or complete liquidation and disposal of assets. Real-world problems and applications will be incorporated to maximize the development of skills valued by the market place. A biblical worldview will be integrated throughout the entire course.