It covers Branches, foreign subsidiaries, and other forms of doing business abroad. Topics addressed include sourcing of income, sub-part F, entities, reorganizations, and the foreign tax credit. An intense study in determining if an affiliated group of corporations should elect to file consolidated returns. MST 754 Advanced Corporate Taxation 3 credits Advanced concepts involved in federal tax law applicable to corporations. MST 755 Real Estate Taxation 2 credits A planning approach to real estate transactions.
Concentration is placed on maximizing tax planning opportunities and minimizing potential tax traps.
These techniques of tax reductions and integrated with an approach to analyzing income-producing properties for the purpose of minimizing risk and maximizing returns. MST 756 S-Corporations 2 credits Reviews the taxation of S corporations. MST 758 Tax Aspects of Bankruptcy 2 credits An in-depth study of the laws and concepts concerning bankruptcy and its tax implications. The student is required to prepare an analytical paper similar to one found in a professional journal. This independent study is available only with the director's permission.