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Fall 2021
5352 Corporate Tax - WELLS- 27248

Professor(s): Bret Wells (FACULTY)

Credits: 3

Course Areas: Taxation 

Time: 10:30a-12:00p  TTH  Location: 144  BLB

Course Outline: The following information is provided with respect to the Corporate Taxation course. Objective: This course will provide comprehensive treatment of the federal income tax law applicable to corporations and their shareholders. Topics to be covered include: a) The formation of corporations and transfers of assets to controlled corporations; b) The capital structure of a corporation; c) Distributions from corporations (e.g., dividends, redemptions & liquidations); d) Special types of corporations (e.g., S corporations); e) Corporate reorganizations, mergers, restructurings, etc., and f) Affiliated corporations.The objective is to consider both the technical rules and the underlying policy objectives of the corporate income tax rules, with particular emphasis on current transactions and tax planning.

Course Syllabus: Syllabus revised 8/23/21

Course Notes:   Whether this course will be distance education, or will have a physical room assigned, and if so the extent to which the instructor might use the room during the semester, is not determined at the time when registration initially opens for this course.  You may see contrary indications in the UH systems where you actually register for the course.  In other words, this course might be distance education with no use of a physical classroom. It might be the “HyFlex” mode in which some Law Center courses used a physical room during 2020-21. As we get closer to the start of the term/semester for this course, this course note will be updated as decisions are determined. The instructors will be involved in those decisions, but decisions about modalities may not be invariant throughout the term/semester or between now and when the course starts.

Prerequisites: Yes  Prerequisite: Federal Income Taxation

First Day Assignments: Read McMahon casebook Chapter 1 (pp. 3-54)

Final Exam Schedule: 12/07 9am-1pm  111 TU2  119 TU2  

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA 306:

Pass-Fail Student Election: Available

Course Materials (3/31/2021 3:36:00 PM)

Book(s) Required

Course Materials: TWO (2) REQUIRED: MARTIN MCMAHON, DANIEL SIMMONS,CHARLENE LUKE, AND BRET WELLS, FEDERAL INCOME TAXATION OFCORPORATIONS (Foundation Press 5th ed. 2019) ISBN:9781642425031; Wolters Kluwer / CCH Publications, “Federal Income Tax — Code & Regulations, Selected Sections,” 2021-2022 Edition (ISBN:9780808056287).