ACCT 5160 TAXATION OF CORPS/PARTNERSHIPS
This course is a continuation of the study of the federal income tax structure, use of tax services, and the concept of taxable income as it relates to corporations, partnerships and S corporations. The study of taxation can be divided into many areas: individuals, partnerships, corporations, estates, trusts, state taxes, and gift taxes to name a few. The emphasis in this course will be the federal income tax on corporations, partnerships, and S corporations. The course will also focus on performing tax research both utilizing hard copy tax reference materials and CD-ROM interactive research media. The course will culminate with the preparation of two comprehensive tax returns: one for a corporation and one for a partnership. Some limited attention will be dedicated to New Jersey Corporation and partnership taxation issues. Corporate organizations, reorganizations, acquisition and liquidations are also covered. Other issues "S Corporation" status, personal holding corporations, accumulated earnings tax, and classification of distributions.
Prerequisite
ACCT*5002 or Approved Petition Required