Each type of entity is examined using a life-cycle approach. Additional topics such as estate and gift, fiduciary accounting, tax-exempt entities and qualified and nonqualified plans are introduced at a basic level. Ethics, research and tax planning, and differences between financial and tax accounting continue to be integrated throughout the course. A study of tax issues in the wealth accumulation process to identify various methods of achieving business and personal objectives. Emphasis on tax issues in compensation planning, investment planning, education funding, retirement planning, and estate planning.
Coverage includes use of business entities and trusts in the tax planning process.
This course provides a framework to analyze how tax rules affect decision-making. Cases and problems, both historical and taken from current developments in tax planning, develop understanding of how changes in tax rules influence the behavior of various constituents in the broad business and regulatory environment. An advanced study of the Internal Revenue Code and related materials to identify tax-saving opportunities for businesses and individuals. Emphasizes sound tax planning and research techniques as applied to real or case study situations. Click here .