This course explores the tax consequences of many sophisticated business, financial, and personal wealth-planning transactions. Students will examine the economic and social policy issues of taxation, the common ground between financial theory and tax law, and the framework of federal income taxation that allows for future tax law changes. Students will investigate a wide range of related topics including:
- Organizational structure, compensation, and savings options
- Tax planning for multinational organizations
- Acquisitions, mergers, and divestitures
- Trusts, gifts, and estate planning
Students will complete application problem assignments to gain experience in applying tax techniques, often requiring calculations to derive numerical solutions. Discussion assignments will challenge them to think critically about conceptual and technical tax issues.
Course Learning Objectives
- Apply relevant business tax incentives, credits, and alternative minimum tax rules.
- Evaluate alternate savings instruments and their tax treatments.
- Analyze tax consequences of conducting business in a pass-through entity or a corporation format.
- Analyze tax consequences of corporate distributions and share repurchases.
- Analyze tax implications of expansion into other states and other countries.
- Determine tax implications of salary and deferred compensation schemes.
- Explain tax consequences of a corporate acquisition, merger, or division.
- Assess tax consequences of business liquidations and terminations.
- Develop a wealth transfer planning strategy.