Taxation of Business Entities I: Corporations

Corporate tax under the Code

This course introduces how US federal income tax treats corporations and their shareholders. Its focus is Subchapter C of the Internal Revenue Code, read alongside the Treasury Regulations and court decisions that interpret it.

The life cycle of a corporation

The material follows the corporation from formation, through its operations and distributions to shareholders, and on to liquidation. That sequence makes it clear how a single transaction can be taxed differently at each stage.

Who it suits

• Students of US tax or accounting who are moving from general tax concepts to entity-level rules.
• Professionals who advise closely held businesses and need a grounding in corporate distributions.

In-class study problems are used to build technical judgement, so the course rewards working through the cases rather than only watching the lectures.