MBT6335

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MBT 6335 - Taxation of the Small Business Corporation (2 Cr.) Online may be available

Accounting (11264) TCSM - Curtis L. Carlson School of Management

Course description

Federal income taxation of S corporations. Election eligibility; termination of status; treatment of income and deduction items; distributions, basis of stock and debt. Compensation arrangements in closely held corporations; fiscal year issues; personal service corporations; advantages of C corporations vs. S corporations; corporation liquidation and redemption rules; S corporation's built-in gains tax. NOTE: Previous course number was MBT 5335.

prereq: MBT 6231/5230

Minimum credits

2

Maximum credits

2

Is this course repeatable?

No

Grading basis

AFV - A-F or Audit

Lecture

Requirements

011707

Fulfills the writing intensive requirement?

No

Typically offered term(s)

Summer Even Year