關於此課程：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.
製作方： University of Illinois at Urbana-Champaign
教學方： Michael P Donohoe, PhD, CPA, Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business
| 基本信息 | 課程 3（共 5 門，U.S. Federal Taxation Specialization ） |
| 級別 | 中級 |
| 承諾學習時間 | 8 weeks of study, 6-8 hours/week |
| 語言 | English |
| 如何通過 | 通過所有計分作業以完成課程。 |
| 用戶評分 |
授課大綱
第 1 週
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 個視頻, 4 個閱讀材料, 1 個練習測驗
- 視頻: About Prof Donohoe
- Reading: Syllabus
- Reading: About the Discussion Forums
- Practice Quiz: 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 個視頻, 1 個閱讀材料, 3 個練習測驗
- Discussion Prompt: Make Connections to Topic
- Reading: Module 1 Overview and Resources
- 視頻: Lesson 1.1.1 Origins of Taxation
- 視頻: Lesson 1.1.2 Sources of Tax Law: Statutory
- 視頻: Lesson 1.1.3 Sources of Tax Law: Administrative
- 視頻: Lesson 1.1.4 Sources of Tax Law: Judicial
- 視頻: Lesson 1.1.5 Hierarchy of Tax Law Sources
- 視頻: Lesson 1.1.6 Judicial Doctrines
- Practice Quiz: Lesson 1.1 Knowledge Check
- 視頻: Lesson 1.2.1 Fundamental Features
- 視頻: Lesson 1.2.2 Strategic Form Choice
- Practice Quiz: Lesson 1.2 Knowledge Check
- 視頻: Tax Entity Classification
- Practice Quiz: Lesson 1.3 Knowledge Check
- 視頻: Module 1 Wrap-Up
已評分: Module 1 Quiz
第 2 週
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 個視頻, 1 個閱讀材料, 5 個練習測驗
- Reading: Module 2 Overview and Resources
- 視頻: Income Tax Formulas
- Practice Quiz: Lesson 2.1 Knowledge Check
- 視頻: Lesson 2.2.1 Dividends Received Deduction: Concepts
- 視頻: Lesson 2.2.2 Dividends Received Deduction: Applications
- 視頻: Lesson 2.2.3 Organizational Expenditures Deduction: Concepts
- 視頻: Lesson 2.2.4 Organizational Expenditures Deduction: Applications
- Practice Quiz: Lesson 2.2 Knowledge Check
- 視頻: Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts
- 視頻: Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications
- Practice Quiz: Lesson 2.3 Knowledge Check
- 視頻: Lesson 2.4.1 Corporate Alternative Minimum Tax: Concepts
- 視頻: Lesson 2.4.2 Corporate Alternative Minimum Tax: Applications
- Practice Quiz: Lesson 2.4 Knowledge Check
- 視頻: Lesson 2.5.1 Penalty Taxes on Corporate Accumulations
- 視頻: Lesson 2.5.2 Related Corporations
- Practice Quiz: Lesson 2.5 Knowledge Check
- 視頻: Book-Tax Differences
- 視頻: Compliance Procedures
- 視頻: Module 2 Wrap-Up
已評分: Module 2 Quiz
第 3 週
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 個視頻, 1 個閱讀材料, 3 個練習測驗
- Reading: Module 3 Overview and Resources
- 視頻: Lesson 3.1.1. Acquisition and Disposition
- 視頻: Lesson 3.1.2 Recognition
- 視頻: Lesson 3.1.3 Character
- 視頻: Lesson 3.1.4 Recapture
- 視頻: Lesson 3.1.5 Recapping Recapture
- Practice Quiz: Lesson 3.1 Knowledge Check
- 視頻: Sunchaser Shakery
- 視頻: Introduction to Non-Recognition Provisions
- 視頻: Lesson 3.3.1 Non-Recognition Provisions: Concepts
- 視頻: Lesson 3.3.2 Non-Recognition Provisions: Applications
- Practice Quiz: Lesson 3.3 Knowledge Check
- 視頻: Lesson 3.4.1 Basis Determination & Holding Period: Concepts
- 視頻: Lesson 3.4.2 Basis Determination & Holding Period: Applications
- Practice Quiz: Lesson 3.4 Knowledge Check
- 視頻: Lesson 3.5.1 Built-In Loss Property: Concepts
- 視頻: Lesson 3.5.2 Built-In Loss Property: Applications
- 視頻: Lesson 3.6.1 Treatment of “Boot”: Concepts
- 視頻: Lesson 3.6.2 Treatment of “Boot”: Applications
- 視頻: Module 3 Wrap-Up
已評分: Module 3 Quiz
第 4 週
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 個視頻, 1 個閱讀材料, 6 個練習測驗
- Reading: Module 4 Overview and Resources
- 視頻: Lesson 4.1.1 Assumption of Liabilities: Concepts
- 視頻: Lesson 4.1.2 Assumption of Liabilities: Applications
- Practice Quiz: Lesson 4.1 Knowledge Check
- 視頻: Lesson 4.2.1 Property and Services: Concepts
- 視頻: Lesson 4.2.2 Property and Services: Applications
- Practice Quiz: Lesson 4.2 Knowledge Check
- 視頻: Lesson 4.3.1 Capital Contributions: Concepts
- 視頻: Lesson 4.3.2 Capital Contributions: Applications
- Practice Quiz: Lesson 4.3 Knowledge Check
- 視頻: Lesson 4.4.1 Debt versus Equity: Concepts
- 視頻: Lesson 4.4.2 Debt versus Equity: Applications
- Practice Quiz: Lesson 4.4 Knowledge Check
- 視頻: Lesson 4.5.1 Investor Losses: Concepts
- 視頻: Lesson 4.5.2 Investor Losses: Applications
- Practice Quiz: Lesson 4.5 Knowledge Check
- 視頻: Lesson 4.6.1 Small Business Stock: Concepts
- 視頻: Lesson 4.6.2 Small Business Stock: Applications
- Practice Quiz: Lesson 4.6 Knowledge Check
- 視頻: Module 4 Wrap-Up
已評分: Module 4 Quiz
第 5 週
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 個視頻, 1 個閱讀材料, 7 個練習測驗
- Reading: Module 5 Overview and Resources
- Practice Quiz: Lesson 5.0 Knowledge Check
- 視頻: Lesson 5.1.1 Earnings & Profits: Concepts
- 視頻: Lesson 5.1.2 Earnings & Profits: Applications
- Practice Quiz: Lesson 5.1 Knowledge Check
- 視頻: Lesson 5.2.1 Cash Distributions: Concepts
- 視頻: Lesson 5.2.2 Cash Distributions: Applications
- Practice Quiz: Lesson 5.2 Knowledge Check
- 視頻: Lesson 5.3.1 Property Distributions: Concepts
- 視頻: Lesson 5.3.2 Property Distributions: Applications
- Practice Quiz: Lesson 5.3 Knowledge Check
- 視頻: Lesson 5.4.1 Stock Distributions: Concepts
- 視頻: Lesson 5.4.2 Stock Distributions: Applications
- Practice Quiz: Lesson 5.4 Knowledge Check
- 視頻: Lesson 5.5.1 Constructive Distributions: Concepts
- 視頻: Lesson 5.5.2 Constructive Distributions: Applications
- Practice Quiz: Lesson 5.5 Knowledge Check
- 視頻: Lesson 5.6.1 Qualified Dividends: Concepts
- 視頻: Lesson 5.6.2 Qualified Dividends: Applications
- Practice Quiz: Lesson 5.6 Knowledge Check
- 視頻: Module 5 Wrap-Up
已評分: Module 5 Quiz
第 6 週
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 個視頻, 1 個閱讀材料, 5 個練習測驗
- Reading: Module 6 Overview and Resources
- 視頻: Background & Basics
- Practice Quiz: Lesson 6.1 Knowledge Check
- 視頻: Lesson 6.2.1 Stock Attribution Rules: Concepts
- 視頻: Lesson 6.2.2 Stock Attribution Rules: Applications
- Practice Quiz: Lesson 6.2 Knowledge Check
- 視頻: Lesson 6.3.1 Qualifying Stock Redemptions I: Concepts
- 視頻: Lesson 6.3.2 Qualifying Stock Redemptions I: Applications
- Practice Quiz: Lesson 6.3 Knowledge Check
- 視頻: Lesson 6.4.1 Qualifying Stock Redemptions II: Concepts
- 視頻: Lesson 6.4.2 Qualifying Stock Redemptions II: Applications
- Practice Quiz: Lesson 6.4 Knowledge Check
- 視頻: Lesson 6.5.1 Corporate Tax Effects: Concepts
- 視頻: Lesson 6.5.2 Corporate Tax Effects: Applications
- Practice Quiz: Lesson 6.5 Knowledge Check
- 視頻: Module 6 Wrap-Up
已評分: Module 6 Quiz
第 7 週
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 個視頻, 1 個閱讀材料, 5 個練習測驗
- Reading: Module 7 Overview and Resources
- 視頻: Background & Basics
- Practice Quiz: Lesson 7.1 Knowledge Check
- 視頻: Lesson 7.2.1 Corporate Tax Effects: Concepts
- 視頻: Lesson 7.2.2 Corporate Tax Effects: Applications
- Practice Quiz: Lesson 7.2 Knowledge Check
- 視頻: Introduction to Corporate Anti-Stuffing Rules
- 視頻: Lesson 7.3.1 Corporate Anti-Stuffing Rules: Concepts I
- 視頻: Lesson 7.3.2 Corporate Anti-Stuffing Rules: Applications I
- 視頻: Lesson 7.3.3 Corporate Anti-Stuffing Rules: Concepts II
- 視頻: Lesson 7.3.4 Corporate Anti-Stuffing Rules: Applications II
- Practice Quiz: Lesson 7.3 Knowledge Check
- 視頻: Lesson 7.4.1 Shareholder Tax Effects: Concepts
- 視頻: Lesson 7.4.2 Shareholder Tax Effects: Applications
- Practice Quiz: Lesson 7.4 Knowledge Check
- 視頻: Lesson 7.5.1 Parent Tax Effects
- 視頻: Lesson 7.5.2 Subsidiary Tax Effects
- 視頻: Lesson 7.5.3 Applications
- Practice Quiz: Lesson 7.5 Knowledge Check
- 視頻: Module 7 Wrap-Up
已評分: Module 7 Quiz
第 8 週
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 個視頻, 1 個閱讀材料, 7 個練習測驗
- Reading: Module 8 Overview and Resources
- 視頻: Historical Background
- Practice Quiz: Lesson 8.1 Knowledge Check
- 視頻: Lesson 8.2.1 General Requirements
- Practice Quiz: Lesson 8.2.1 Knowledge Check
- 視頻: Lesson 8.2.2 Type A Reorganizations
- Practice Quiz: Lesson 8.2.2 Knowledge Check
- 視頻: Lesson 8.2.3 Type B and C Reorganizations
- Practice Quiz: Lesson 8.2.3 Knowledge Check
- 視頻: Lesson 8.2.4 Type D Reorganizations
- Practice Quiz: Lesson 8.2.4 Knowledge Check
- 視頻: Lesson 8.2.5 Type E, F, and G Reorganizations
- Practice Quiz: Lesson 8.2.5 Knowledge Check
- 視頻: Lesson 8.3.1 Tax Consequences: Concepts
- 視頻: Lesson 8.3.2 Tax Consequences: Applications
- Practice Quiz: Lesson 8.3 Knowledge Check
- 視頻: Module 8 Wrap-Up
- 視頻: Course Wrap-Up
- Discussion Prompt: Final Reflection: I used to think ... Now I think
已評分: Module 8 Quiz
常見問題解答
運作方式
Coursework
Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.
Help from Your Peers
Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.
Certificates
Earn official recognition for your work, and share your success with friends, colleagues, and employers.
製作方
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
價格
| 購買課程 | |
|---|---|
| 訪問課程材料 | 可用 |
| 訪問評分的材料 | 可用 |
| 收到最終成績 | 可用 |
| 獲得可共享的課程證書 | 可用 |
評分和審閱
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.
AB
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.