ACCT 4200 Corporate Tax

This course reviews fundamentals of C-corporation taxation and tax issues for students with a foundational understanding of individual taxation. The course covers topics such as C-corporation creation and liquidation, asset distributions, tax forms, GAAP and tax differences, and tax implications between entity and owners. 

Registration Name

Corporate Tax

Lecture Hours

3

Lab Hours

0

Credits

3

Prerequisite

ACCT 2200

Offered

Demorest: Spring

Student Learning Outcomes

At the completion of this course, students will be able to:

• Understand tax implications of C-corporation formation, operation, and liquidation of the corporation for both the entity and owners. 
• Understand the tax implications of asset distribution between the entity and owners. 
• Understand the differences between generally accepted accounting principles and tax law, and how to handle the differences.  
• Prepare a basic C-corporation tax return from a set of relevant source documents. 
• Summarize the tax return results to clients in a professional and concise manner that is appropriate to the intended audience.