关于此课程： This course provides an introduction to the U.S. federal income taxation of corporations and their shareholders. The course focuses on the relevant provisions of Subchapter C of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing corporate formation, operations, distributions, and liquidation. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.
制作方： University of Illinois at Urbana-Champaign
教学方： Michael P Donohoe, PhD, CPA, Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business
| 基本信息 | 课程 3（共 5 门，U.S. Federal Taxation Specialization ） |
| 级别 | 中级 |
| 承诺学习时间 | 8 weeks of study, 6-8 hours/week |
| 语言 | 英语（English） |
| 如何通过 | 通过所有计分作业以完成课程。 |
| 用户评分 |
授课大纲
第 1 周
Course Orientation
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
2 个视频, 4 个阅读材料, 1 个练习测验
- 视频: About Prof Donohoe
- Reading: Syllabus
- Reading: About the Discussion Forums
- Тренировочный тест: Orientation Quiz
- Reading: Update Your Profile
- Discussion Prompt: Get to Know Your Classmates
- Reading: Build a Learning Community with Social Media
Module 1: Overview of Business Taxation
In this module, you will review the basics of tax law, which includes the origins of taxation, the three sources of tax law, the hierarchy of tax law, and judicial doctrines. Next, you will cover the fundamental features of the different organizational forms: sole proprietorship, partnership, corporation, and limited liability corporation. There will also be a discussion on strategic form choice. Finally, you will be introduced to entity classification for tax purposes.
11 个视频, 1 个阅读材料, 3 个练习测验
- Discussion Prompt: Make Connections to Topic
- Reading: Module 1 Overview and Resources
- 视频: Lesson 1.1.1 Origins of Taxation
- 视频: Lesson 1.1.2 Sources of Tax Law: Statutory
- 视频: Lesson 1.1.3 Sources of Tax Law: Administrative
- 视频: Lesson 1.1.4 Sources of Tax Law: Judicial
- 视频: Lesson 1.1.5 Hierarchy of Tax Law Sources
- 视频: Lesson 1.1.6 Judicial Doctrines
- Тренировочный тест: Lesson 1.1 Knowledge Check
- 视频: Lesson 1.2.1 Fundamental Features
- 视频: Lesson 1.2.2 Strategic Form Choice
- Тренировочный тест: Lesson 1.2 Knowledge Check
- 视频: Tax Entity Classification
- Тренировочный тест: Lesson 1.3 Knowledge Check
- 视频: Module 1 Wrap-Up
已评分: Module 1 Quiz
第 2 周
Module 2: Corporate Income Taxation
In this module, you will compare the tax formula for C corporations with the tax formula for individuals. Next, you will examine special tax deductions available only to corporations, such as the dividends received deduction, and the organizational expenditures deduction. You will learn how to calculate corporate income tax liability and compute the corporate Alternative Minimum Tax (AMT). This module will also discuss book-tax differences, and finally, it will discuss compliance procedures.
15 个视频, 1 个阅读材料, 5 个练习测验
- Reading: Module 2 Overview and Resources
- 视频: Income Tax Formulas
- Тренировочный тест: Lesson 2.1 Knowledge Check
- 视频: Lesson 2.2.1 Dividends Received Deduction: Concepts
- 视频: Lesson 2.2.2 Dividends Received Deduction: Applications
- 视频: Lesson 2.2.3 Organizational Expenditures Deduction: Concepts
- 视频: Lesson 2.2.4 Organizational Expenditures Deduction: Applications
- Тренировочный тест: Lesson 2.2 Knowledge Check
- 视频: Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts
- 视频: Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications
- Тренировочный тест: Lesson 2.3 Knowledge Check
- 视频: Lesson 2.4.1 Corporate Alternative Minimum Tax: Concepts
- 视频: Lesson 2.4.2 Corporate Alternative Minimum Tax: Applications
- Тренировочный тест: Lesson 2.4 Knowledge Check
- 视频: Lesson 2.5.1 Penalty Taxes on Corporate Accumulations
- 视频: Lesson 2.5.2 Related Corporations
- Тренировочный тест: Lesson 2.5 Knowledge Check
- 视频: Book-Tax Differences
- 视频: Compliance Procedures
- 视频: Module 2 Wrap-Up
已评分: Module 2 Quiz
第 3 周
Module 3: Corporate Formation I
In this module, you will review the taxation of property transactions. You will be introduced to the Sunchaser Shakery which is a firm that you will apply concepts to. Then, you will examine the nonrecognition provisions in property-for-stock transactions and consider possible exceptions and conditions.
17 个视频, 1 个阅读材料, 3 个练习测验
- Reading: Module 3 Overview and Resources
- 视频: Lesson 3.1.1. Acquisition and Disposition
- 视频: Lesson 3.1.2 Recognition
- 视频: Lesson 3.1.3 Character
- 视频: Lesson 3.1.4 Recapture
- 视频: Lesson 3.1.5 Recapping Recapture
- Тренировочный тест: Lesson 3.1 Knowledge Check
- 视频: Sunchaser Shakery
- 视频: Introduction to Non-Recognition Provisions
- 视频: Lesson 3.3.1 Non-Recognition Provisions: Concepts
- 视频: Lesson 3.3.2 Non-Recognition Provisions: Applications
- Тренировочный тест: Lesson 3.3 Knowledge Check
- 视频: Lesson 3.4.1 Basis Determination & Holding Period: Concepts
- 视频: Lesson 3.4.2 Basis Determination & Holding Period: Applications
- Тренировочный тест: Lesson 3.4 Knowledge Check
- 视频: Lesson 3.5.1 Built-In Loss Property: Concepts
- 视频: Lesson 3.5.2 Built-In Loss Property: Applications
- 视频: Lesson 3.6.1 Treatment of “Boot”: Concepts
- 视频: Lesson 3.6.2 Treatment of “Boot”: Applications
- 视频: Module 3 Wrap-Up
已评分: Module 3 Quiz
第 4 周
Module 4: Corporate Formation II
In this module, you will continue to explore property-for-stock transactions. Assumption of liabilities and transfer of services along with property will be introduced. Next, you will examine the effects of capital contributions on corporations, shareholders, and non-shareholders. You will also analyze the rules for debt and equity regarding capital structure. Finally, investor losses due to worthlessness of debt/equity investments and bad debts will be discussed.
14 个视频, 1 个阅读材料, 6 个练习测验
- Reading: Module 4 Overview and Resources
- 视频: Lesson 4.1.1 Assumption of Liabilities: Concepts
- 视频: Lesson 4.1.2 Assumption of Liabilities: Applications
- Тренировочный тест: Lesson 4.1 Knowledge Check
- 视频: Lesson 4.2.1 Property and Services: Concepts
- 视频: Lesson 4.2.2 Property and Services: Applications
- Тренировочный тест: Lesson 4.2 Knowledge Check
- 视频: Lesson 4.3.1 Capital Contributions: Concepts
- 视频: Lesson 4.3.2 Capital Contributions: Applications
- Тренировочный тест: Lesson 4.3 Knowledge Check
- 视频: Lesson 4.4.1 Debt versus Equity: Concepts
- 视频: Lesson 4.4.2 Debt versus Equity: Applications
- Тренировочный тест: Lesson 4.4 Knowledge Check
- 视频: Lesson 4.5.1 Investor Losses: Concepts
- 视频: Lesson 4.5.2 Investor Losses: Applications
- Тренировочный тест: Lesson 4.5 Knowledge Check
- 视频: Lesson 4.6.1 Small Business Stock: Concepts
- 视频: Lesson 4.6.2 Small Business Stock: Applications
- Тренировочный тест: Lesson 4.6 Knowledge Check
- 视频: Module 4 Wrap-Up
已评分: Module 4 Quiz
第 5 周
Module 5: Corporate Non-Liquidating Distributions
In this module, you will learn about corporate non-liquidating distributions. First, earnings and profits (E&P) will be discussed, and you will learn how to calculate E&P. Next, you will analyze the treatment of cash distributions followed by property distributions. You will then cover the treatment of stock distributions. Finally, treatment of constructive dividends and qualified dividends will be explored.
14 个视频, 1 个阅读材料, 7 个练习测验
- Reading: Module 5 Overview and Resources
- Тренировочный тест: Lesson 5.0 Knowledge Check
- 视频: Lesson 5.1.1 Earnings & Profits: Concepts
- 视频: Lesson 5.1.2 Earnings & Profits: Applications
- Тренировочный тест: Lesson 5.1 Knowledge Check
- 视频: Lesson 5.2.1 Cash Distributions: Concepts
- 视频: Lesson 5.2.2 Cash Distributions: Applications
- Тренировочный тест: Lesson 5.2 Knowledge Check
- 视频: Lesson 5.3.1 Property Distributions: Concepts
- 视频: Lesson 5.3.2 Property Distributions: Applications
- Тренировочный тест: Lesson 5.3 Knowledge Check
- 视频: Lesson 5.4.1 Stock Distributions: Concepts
- 视频: Lesson 5.4.2 Stock Distributions: Applications
- Тренировочный тест: Lesson 5.4 Knowledge Check
- 视频: Lesson 5.5.1 Constructive Distributions: Concepts
- 视频: Lesson 5.5.2 Constructive Distributions: Applications
- Тренировочный тест: Lesson 5.5 Knowledge Check
- 视频: Lesson 5.6.1 Qualified Dividends: Concepts
- 视频: Lesson 5.6.2 Qualified Dividends: Applications
- Тренировочный тест: Lesson 5.6 Knowledge Check
- 视频: Module 5 Wrap-Up
已评分: Module 5 Quiz
第 6 周
Module 6: Corporate Redemptions and Partial Liquidations
In this module, you will explore redemptions and partial liquidations, which is when shareholders sell stock back to the issuing corporation in exchange for cash. You will learn about the five types of qualified redemptions, which are applied after you have considered stock attribution rules. Finally, you will analyze how these redemptions are treated by both the shareholders and the corporation.
11 个视频, 1 个阅读材料, 5 个练习测验
- Reading: Module 6 Overview and Resources
- 视频: Background & Basics
- Тренировочный тест: Lesson 6.1 Knowledge Check
- 视频: Lesson 6.2.1 Stock Attribution Rules: Concepts
- 视频: Lesson 6.2.2 Stock Attribution Rules: Applications
- Тренировочный тест: Lesson 6.2 Knowledge Check
- 视频: Lesson 6.3.1 Qualifying Stock Redemptions I: Concepts
- 视频: Lesson 6.3.2 Qualifying Stock Redemptions I: Applications
- Тренировочный тест: Lesson 6.3 Knowledge Check
- 视频: Lesson 6.4.1 Qualifying Stock Redemptions II: Concepts
- 视频: Lesson 6.4.2 Qualifying Stock Redemptions II: Applications
- Тренировочный тест: Lesson 6.4 Knowledge Check
- 视频: Lesson 6.5.1 Corporate Tax Effects: Concepts
- 视频: Lesson 6.5.2 Corporate Tax Effects: Applications
- Тренировочный тест: Lesson 6.5 Knowledge Check
- 视频: Module 6 Wrap-Up
已评分: Module 6 Quiz
第 7 周
Module 7: Corporate Liquidations
In this module, you will be introduced to corporate liquidations. Some basic information on liquidations will be given, followed by a discussion on corporate tax treatment of complete liquidations. Also, the tax effects on shareholders will be analyzed. Finally, you will examine the tax effects on both the parent and subsidiary in parent-subsidiary liquidations.
15 个视频, 1 个阅读材料, 5 个练习测验
- Reading: Module 7 Overview and Resources
- 视频: Background & Basics
- Тренировочный тест: Lesson 7.1 Knowledge Check
- 视频: Lesson 7.2.1 Corporate Tax Effects: Concepts
- 视频: Lesson 7.2.2 Corporate Tax Effects: Applications
- Тренировочный тест: Lesson 7.2 Knowledge Check
- 视频: Introduction to Corporate Anti-Stuffing Rules
- 视频: Lesson 7.3.1 Corporate Anti-Stuffing Rules: Concepts I
- 视频: Lesson 7.3.2 Corporate Anti-Stuffing Rules: Applications I
- 视频: Lesson 7.3.3 Corporate Anti-Stuffing Rules: Concepts II
- 视频: Lesson 7.3.4 Corporate Anti-Stuffing Rules: Applications II
- Тренировочный тест: Lesson 7.3 Knowledge Check
- 视频: Lesson 7.4.1 Shareholder Tax Effects: Concepts
- 视频: Lesson 7.4.2 Shareholder Tax Effects: Applications
- Тренировочный тест: Lesson 7.4 Knowledge Check
- 视频: Lesson 7.5.1 Parent Tax Effects
- 视频: Lesson 7.5.2 Subsidiary Tax Effects
- 视频: Lesson 7.5.3 Applications
- Тренировочный тест: Lesson 7.5 Knowledge Check
- 视频: Module 7 Wrap-Up
已评分: Module 7 Quiz
第 8 周
Module 8: Corporate Reorganizations
In this module, you will explore corporate reorganizations. First, some background on the history of corporate restructuring will be given. Next, you will be introduced to the different types of tax-deferred reorganizations. Finally, you will learn analyze the tax consequences of these reorganizations.
11 个视频, 1 个阅读材料, 7 个练习测验
- Reading: Module 8 Overview and Resources
- 视频: Historical Background
- Тренировочный тест: Lesson 8.1 Knowledge Check
- 视频: Lesson 8.2.1 General Requirements
- Тренировочный тест: Lesson 8.2.1 Knowledge Check
- 视频: Lesson 8.2.2 Type A Reorganizations
- Тренировочный тест: Lesson 8.2.2 Knowledge Check
- 视频: Lesson 8.2.3 Type B and C Reorganizations
- Тренировочный тест: Lesson 8.2.3 Knowledge Check
- 视频: Lesson 8.2.4 Type D Reorganizations
- Тренировочный тест: Lesson 8.2.4 Knowledge Check
- 视频: Lesson 8.2.5 Type E, F, and G Reorganizations
- Тренировочный тест: Lesson 8.2.5 Knowledge Check
- 视频: Lesson 8.3.1 Tax Consequences: Concepts
- 视频: Lesson 8.3.2 Tax Consequences: Applications
- Тренировочный тест: Lesson 8.3 Knowledge Check
- 视频: Module 8 Wrap-Up
- 视频: Course Wrap-Up
- Discussion Prompt: Final Reflection: I used to think ... Now I think
已评分: Module 8 Quiz
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University of Illinois at Urbana-Champaign
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评分和审阅
Hello
My name is Abdel Fatah Bengeloune and I just completed the course which I greatly appreciated. However, would like to share my concern of not having a case study applied to the form 1120 for corporation. We should be able to know how to fill out the form 1120 properly with a typical scenario case. This should have been included in the course. Thank you.
The test of any course is the level of knowledge attained from the course. In comparison to the Income Tax Acts of lesser countries, The Federal Income Tax codes and regulations are comprehensive and perceived as intimidating by non-US tax practitioners. This course has relieved me of such fears.
Excellent Course Structure. But need more Comprehensive Form 1120 Tax Return Series Problems for more practice & retention for a US Tax Career.