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College of Law

Taxation of Business Entities

Course Number: 6615
Professor: James M. Delaney
Credit Hours & Type of Credit: 3
Semester Offered: Fall
Required: No
Prerequisites: Income Taxation and Business Organizations
Recommended Courses: None

Course Overview: This course surveys the federal income tax consequences of major events in the existence of business entities and their owners including formations, contributions, operations, distributions, redemptions, and liquidations. This course compares taxation of C corporations, Limited Liability Companies, and partnerships. Students will spend significant time on statutory interpretation and along the way consider policy issues that affect how the taxation of businesses is structured and enforced under the Internal Revenue Code.

Course Materials: See the current Book List located under Courses and Curriculum.
Course Format: The required textbook contains cases and problems that are included in the assigned reading. Lectures will cover the topics included in the assigned readings and students will be expected to be prepared to discuss cases and problems assigned in the readings. Students will also be expected to prepare answers to assigned problems and be prepared to present their answers to the problems when called upon.
Written Assignments: None
Type of Exam: Midterm and Final Examinations.
Basis for Grading Student Performance: There will be a midterm and a final examination. The midterm and final examinations will be of equal value in relation to each student’s grade in the course. The midterm will seek to examine on all materials covered in the course through the last class prior to the midterm. The final will cover the materials beginning after the midterm through the remainder of the course.
Other Comments:

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