Tax Planning and Research

Catalog description

This course is designed to provide the students with an introduction to the tax laws of the United States. Specifically covering an introduction to the taxation of income including issues related to the measurement and recognition of income, deductions and losses, tax credits, the taxation of property transactions, basis and cost recovery, and alternative forms of business organization. Additionally, students will get an in-depth look into the advanced tax laws that impact businesses, through research and case analysis emphasis will be on the taxation of business operations and transactions involving corporations and their owners throughout the life of the entity. Finally, the taxation of trusts and estates will be studied.