Fundamentals of corporate taxation cases and materials

Synopsis

Clear, concise, and engaging, Fundamentals of Corporate Taxation teaches the fundamentals of a highly complex subject with skillfully drafted problems, explanatory text, and a selective mix of original source materials. The coursebook incorporates all relevant changes from recent acts, including the American Jobs Creation Act of 2004 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. Important new highlights include discussions on the impact of reduced tax rates on qualified dividends, new rules limiting the transfer or importation of built-in-losses, and the response by courts and the Internal Revenue Service to corporate tax shelters. The sixth edition also contains new material on corporate reorganizations and S corporations, rulings on Section 351 control requirements and corporate divisions, and more permissive eligibility requirements and other new statutory rules.Summary of ContentsChapter1. An Overview of the Taxation of Corporations and Shareholders2. Formation of a Corporation3. The Capital Structure of a Corporation4. Nonliquidating Distributions5. Redemptions and Partial Liquidations6. Stock Dividends and section 306 Stock7. Complete Liquidations8. Taxable Corporate Acquisitions9. Acquisitive Reorganizations10. Corporate Divisions11. Nonacquisitive, Nondivisive Reorganizations12. Limitations on Carryovers of Corporate Attributes13. Affiliated Corporations14. Anti-Avoidance Provisions15. The S Corporation