Courses 2009 - 2010
LAW T 518 Taxation Of S Corporations
A thorough consideration of the entire range of technical and planning issues relating to the adoption and maintenance of S corporation status. After an introductory comparison of the S corporation form with that of partnerships and C corporations, there will be detailed analysis of situations in which the S corporation form is, or is not, useful, issues relating to qualification and eligibility, election mechanics, the manner in which S corporation income is passed through to shareholders and the effect of corporate distributions, utility shareholder agreements, the reorganization, division or liquidation of S corporations, and the effect of an S corporation having previously been a C corporation (including the effect of the tax on built-in gains). Prerequisite: Law T501 Taxation of Corporations & Shareholders.
Course Sections and Instructors