A study of the Federal Income Tax as it applies to entities other than individuals, including partnerships, S corporations, decedents, estates, trusts, and retirement plans. Understanding the complexities of the Internal Revenue Code in defining, organizing and computing the tax liabilities of corporations. Economic ramifications of alternative approaches to corporate taxation. Examines impact of Subtitle B of the Internal Revenue Code and sections of the code relating to transfer of property for charitable purposes. Minimizing current and future taxes and preserving estate values is a primary consideration.
Course covers the interaction of the U.S. tax system with foreign tax systems.
Primary focus is on the U.S. taxation of multinaitonal corporations. Comparative analysis of alternative tax systems. The arrangements for the working relationship must be established prior to the assignment.