Acerca de este Curso
4.9
17 calificaciones
3 revisiones
This course provides an introduction to the U.S. federal income taxation of corporations and their shareholders. The course focuses on the relevant provisions of Subchapter C of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing corporate formation, operations, distributions, and liquidation. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes....
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Calendar

Fechas límite flexibles

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Intermediate Level

Nivel intermedio

Clock

Approx. 27 hours to complete

Sugerido: 8 weeks of study, 6-8 hours/week...
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English

Subtítulos: English...
Globe

Cursos 100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.
Calendar

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.
Intermediate Level

Nivel intermedio

Clock

Approx. 27 hours to complete

Sugerido: 8 weeks of study, 6-8 hours/week...
Comment Dots

English

Subtítulos: English...

Programa - Qué aprenderás en este curso

Week
1
Clock
1 hora para completar

Course Orientation

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course....
Reading
2 videos (Total: 6 min), 4 readings, 1 quiz
Video2 videos
About Prof Donohoe2m
Reading4 lecturas
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
Quiz1 ejercicio de práctica
Orientation Quiz8m
Clock
2 horas para completar

Module 1: Overview of Business Taxation

In this module, you will review the basics of tax law, which includes the origins of taxation, the three sources of tax law, the hierarchy of tax law, and judicial doctrines. Next, you will cover the fundamental features of the different organizational forms: sole proprietorship, partnership, corporation, and limited liability corporation. There will also be a discussion on strategic form choice. Finally, you will be introduced to entity classification for tax purposes....
Reading
11 videos (Total: 45 min), 1 reading, 4 quizzes
Video11 videos
Lesson 1.1.1 Origins of Taxation3m
Lesson 1.1.2 Sources of Tax Law: Statutory4m
Lesson 1.1.3 Sources of Tax Law: Administrative6m
Lesson 1.1.4 Sources of Tax Law: Judicial3m
Lesson 1.1.5 Hierarchy of Tax Law Sources1m
Lesson 1.1.6 Judicial Doctrines4m
Lesson 1.2.1 Fundamental Features6m
Lesson 1.2.2 Strategic Form Choice7m
Tax Entity Classification3m
Module 1 Wrap-Up1m
Reading1 lectura
Module 1 Overview and Resources10m
Quiz4 ejercicios de práctica
Lesson 1.1 Knowledge Check10m
Lesson 1.2 Knowledge Check10m
Lesson 1.3 Knowledge Check8m
Module 1 Quiz20m
Week
2
Clock
2 horas para completar

Module 2: Corporate Income Taxation

In this module, you will compare the tax formula for C corporations with the tax formula for individuals. Next, you will examine special tax deductions available only to corporations, such as the dividends received deduction, and the organizational expenditures deduction. You will learn how to calculate corporate income tax liability and compute the corporate Alternative Minimum Tax (AMT). This module will also discuss book-tax differences, and finally, it will discuss compliance procedures....
Reading
15 videos (Total: 64 min), 1 reading, 6 quizzes
Video15 videos
Income Tax Formulas6m
Lesson 2.2.1 Dividends Received Deduction: Concepts2m
Lesson 2.2.2 Dividends Received Deduction: Applications8m
Lesson 2.2.3 Organizational Expenditures Deduction: Concepts2m
Lesson 2.2.4 Organizational Expenditures Deduction: Applications8m
Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts3m
Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications3m
Lesson 2.4.1 Corporate Alternative Minimum Tax: Concepts4m
Lesson 2.4.2 Corporate Alternative Minimum Tax: Applications5m
Lesson 2.5.1 Penalty Taxes on Corporate Accumulations4m
Lesson 2.5.2 Related Corporations3m
Book-Tax Differences5m
Compliance Procedures2m
Module 2 Wrap-Up1m
Reading1 lectura
Module 2 Overview and Resources10m
Quiz6 ejercicios de práctica
Lesson 2.1 Knowledge Check10m
Lesson 2.2 Knowledge Check4m
Lesson 2.3 Knowledge Check2m
Lesson 2.4 Knowledge Check2m
Lesson 2.5 Knowledge Check2m
Module 2 Quiz20m
Week
3
Clock
3 horas para completar

Module 3: Corporate Formation I

In this module, you will review the taxation of property transactions. You will be introduced to the Sunchaser Shakery which is a firm that you will apply concepts to. Then, you will examine the nonrecognition provisions in property-for-stock transactions and consider possible exceptions and conditions....
Reading
17 videos (Total: 118 min), 1 reading, 4 quizzes
Video17 videos
Lesson 3.1.1. Acquisition and Disposition4m
Lesson 3.1.2 Recognition2m
Lesson 3.1.3 Character3m
Lesson 3.1.4 Recapture6m
Lesson 3.1.5 Recapping Recapture2m
Sunchaser Shakery2m
Introduction to Non-Recognition Provisions3m
Lesson 3.3.1 Non-Recognition Provisions: Concepts5m
Lesson 3.3.2 Non-Recognition Provisions: Applications13m
Lesson 3.4.1 Basis Determination & Holding Period: Concepts4m
Lesson 3.4.2 Basis Determination & Holding Period: Applications15m
Lesson 3.5.1 Built-In Loss Property: Concepts4m
Lesson 3.5.2 Built-In Loss Property: Applications15m
Lesson 3.6.1 Treatment of “Boot”: Concepts3m
Lesson 3.6.2 Treatment of “Boot”: Applications27m
Module 3 Wrap-Up1m
Reading1 lectura
Module 3 Overview and Resources10m
Quiz4 ejercicios de práctica
Lesson 3.1 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Lesson 3.4 Knowledge Check8m
Module 3 Quiz20m
Week
4
Clock
2 horas para completar

Module 4: Corporate Formation II

In this module, you will continue to explore property-for-stock transactions. Assumption of liabilities and transfer of services along with property will be introduced. Next, you will examine the effects of capital contributions on corporations, shareholders, and non-shareholders. You will also analyze the rules for debt and equity regarding capital structure. Finally, investor losses due to worthlessness of debt/equity investments and bad debts will be discussed....
Reading
14 videos (Total: 63 min), 1 reading, 7 quizzes
Video14 videos
Lesson 4.1.1 Assumption of Liabilities: Concepts3m
Lesson 4.1.2 Assumption of Liabilities: Applications15m
Lesson 4.2.1 Property and Services: Concepts2m
Lesson 4.2.2 Property and Services: Applications6m
Lesson 4.3.1 Capital Contributions: Concepts3m
Lesson 4.3.2 Capital Contributions: Applications4m
Lesson 4.4.1 Debt versus Equity: Concepts6m
Lesson 4.4.2 Debt versus Equity: Applications2m
Lesson 4.5.1 Investor Losses: Concepts4m
Lesson 4.5.2 Investor Losses: Applications3m
Lesson 4.6.1 Small Business Stock: Concepts4m
Lesson 4.6.2 Small Business Stock: Applications2m
Module 4 Wrap-Up1m
Reading1 lectura
Module 4 Overview and Resources10m
Quiz7 ejercicios de práctica
Lesson 4.1 Knowledge Check8m
Lesson 4.2 Knowledge Check8m
Lesson 4.3 Knowledge Check8m
Lesson 4.4 Knowledge Check8m
Lesson 4.5 Knowledge Check8m
Lesson 4.6 Knowledge Check8m
Module 4 Quiz20m
4.9

Principales revisiones

por NMOct 5th 2018

Excellent Course Structure. But need more Comprehensive Form 1120 Tax Return Series Problems for more practice & retention for a US Tax Career.

Instructor

Michael P Donohoe, PhD, CPA

Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business

Acerca de University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

Acerca del programa especializado U.S. Federal Taxation

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

Preguntas Frecuentes

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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