Corporate Tax

Course number: LAW 3510

A study of federal tax laws as they affect partnership and corporation income, as well as a discussion of the effects of income tax laws on corporate and other commercial planning.

Extended Course Description

COURSE CONTENT: This course follows directly upon 2700 INTRODUCTION TO TAXATION. It is designed to introduce the student, in some detail, to the taxation of partnerships, corporations and shareholders. A strong emphasis is placed on developing the skills necessary to interpret and apply complex legislation.

TEACHING METHOD: The course is taught by lecture method. Various problems and examples will be analyzed and discussed.

DEGREE OF DIFFICULTY: This method can only be successful if students are prepared to undertake intensive preparation for classes. The work is difficult. This is an advanced course and is taught as such! About four hours of work per week outside class hours will be required for most classes.  After the first class, it is essential that the students read the materials in advance.

BOOK: CGA Advanced Personal & Corporate Taxation Readings Book will be provided by the CGA Association and the Income Tax Act.

PRACTICAL IMPORTANCE OF THE SUBJECT: Virtually all commercial practitioners will be faced by clients carrying on business in corporate or partnership form. One cannot carry out corporate or partnership transactions without an awareness of the impact of tax on the corporate or partnership form.

The course is essential for those who wish to have a relatively complete overview of the tax system, which in turn is highly desirable for those who will practice in any of the commercial fields of law.

ASSESSMENT: 100% written exam at conclusion of course. Open book.

STRONG RECOMMENDATION: Students who achieve less than a B in Second Year Introduction to Taxation should very seriously reconsider continuing in Advanced Taxation I.

INSTRUCTORS: Lavitt and Torbiak

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