Professional Documents
Culture Documents
Course Objectives
To Use Critical Thinking
To understand and apply income tax concepts that influence decisions of corporate
managers. The course will concentrate on tax effects in the following areas:
1. Creation of Corporations
2. Taxable Income
3. Corporate Distributions
3. Corporate Reorganizations
4. Consolidation of Corporations
5. Compliance Reporting
To determine how distributions affect the tax liabilities of both the shareholder and the
corporate entity.
To apply concepts to determine the best course of action for both the shareholders and the
corporate entity.
Tax Returns: Information concerning the tax returns will be posted on June 5, 2007. It is
required that the tax returns be prepared using the fill in forms provided by the internal
Revenue Service at www.irs.gov. The returns are due on July 7, 2007.
Class Participation: Students are to read the assigned chapter prior to class and participate
in class discussion. Solutions for questions and problems for assigned chapters will be
posted on WebCT. The final grade for the course may be enhanced as a result of class
attendance and participation.
Final Examination: The final examination is comprehensive and will encompass all
material covered throughout the semester.
Required Textbooks
General Information
1. Make-up policy:
Only for very compelling reasons will a make-up test
be allowed as determined by the instructor.
2. Prerequisite:
The prerequisite for this course is AIM 6351 or an
equivalent.
University Policy on Cheating:
Students are expected to be above reproach in all-scho’astic activities. Students
who engage in scholastic dishonesty are subject to disciplinary penalties,
including the possibility of failure in the course and dismissal from the
University. “Scholastic dishonesty includes but is not limited to cheating,
plagiarism, collusion, and the submission for credit of any work or materials that
are attributable in whole or in part to another person, taking an examination for
another persàn, any act designed tc give unfair advantage to a student or the
attempt to commit such acts.” Regents’ Rule and Regulations. Part One, Chapter
VI, Section 3, Subsection 3.2, Subdivision 3.22. Since scholastic dishonesty
harms the individual, all students and the integrity of the University, policies on
scholastic dishonesty will be strictly enforced.