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Taxation of Business Entities I: Corporations
  • Level Professional
  • Duration 33 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

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.

Modules

About the Course

    • 3 Videos
    • 3 Readings
    • 1 Quiz
    • 1 Plugin
Show info about module content

3 Videos

  • Course Introduction
  • About Prof Donohoe
  • Learn on Your Terms

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Online Education at Gies College of Business

1 Quiz

  • Orientation Quiz

About Your Classmates

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Get to Know Your Classmates

2 Readings

  • Update Your Profile
  • Build a Learning Community with Social Media

Lesson 1.0: Module 1 Introduction

    • 1 Videos
    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Make Connections to Topic

1 Videos

  • Overview of Business Taxation

2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1.1: Tax Law Refresher

    • 7 Videos
    • 1 Quiz
Show info about module content

7 Videos

  • Lesson Objectives - Tax Law Refresher
  • Lesson 1.1.1 Origins of Taxation
  • Lesson 1.1.2 Sources of Tax Law: Statutory
  • Lesson 1.1.3 Sources of Tax Law: Administrative
  • Lesson 1.1.4 Sources of Tax Law: Judicial
  • Lesson 1.1.5 Hierarchy of Tax Law Sources
  • Lesson 1.1.6 Judicial Doctrines

1 Quiz

  • Knowledge Check: Tax Law Refresher

Lesson 1.2: Organizational Form

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Organizational Form
  • Lesson 1.2.1 Fundamental Features
  • Lesson 1.2.2 Strategic Form Choice

1 Quiz

  • Knowledge Check: Organizational Form

Lesson 1.3: Tax Entity Classification

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 1.3 Tax Entity Classification

1 Quiz

  • Knowledge Check: Tax Entity Classification

Lesson 1.4: Module 1 Wrap Up

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Overview of Business Taxation Quiz

1 Videos

  • Overview of Business Taxation Module Wrap-up

Lesson 2.0: Module 2 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Income Tax Overview

2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2.1: Income Tax Formulas

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 2.1 Income Tax Formulas

1 Quiz

  • Knowledge Check: Income Tax Formulas

Lesson 2.2: Special Corporate Deductions

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Special Corporate Deductions
  • Lesson 2.2.1 Dividends Received Deductions: Concepts
  • Lesson 2.2.2 Dividends Received Deductions: Applications
  • Lesson 2.2.3 Organizational Expenditures Deduction: Concepts
  • Lesson 2.2.4 Organizational Expenditures Deduction: Applications

1 Quiz

  • Knowledge Check: Special Corporate Deductions

Lesson 2.3: Regular Corporate Income Tax Liability

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objective - Regular Corporate Income Tax Liability
  • Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts
  • Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications

1 Quiz

  • Knowledge Check: Regular Corporate Income Tax Liability

Lesson 2.4: Special Corporate Tax Liability Concepts

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objective - Special Corporate Tax Liability Concepts
  • Lesson 2.4.1 Penalty Taxes on Corporate Accumulations
  • Lesson 2.4.2 Related Corporations
  • Lesson 2.4.3 Alternative Minimum Tax

1 Quiz

  • Knowledge Check: Special Corporate Tax Liability Concepts

Lesson 2.5: Box-Tax Differences

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 2.5 Box-Tax Differences

1 Quiz

  • Knowledge Check: Box-Tax Differences

Lesson 2.6: Compliance Procedures

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 2.6 Compliance Procedures

1 Quiz

  • Knowledge Check: Compliance Procedures

Lesson 2.7: Module 2 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Income Taxation Wrap-Up

1 Quiz

  • Corporate Income Taxation Quiz

Lesson 3.0: Module 3 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Formation I Overview

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3.1: Property Transaction Refresher

    • 5 Videos
    • 1 Quiz
Show info about module content

5 Videos

  • Lesson Objectives - Property Transaction Refresher
  • Lesson 3.1.1 Acquisition and Deposition
  • Lesson 3.1.2 Recognition
  • Lesson 3.1.3 Character
  • Lesson 3.1.4 Recapture

1 Quiz

  • Knowledge Check: Property Transaction Refresher

Lesson 3.2: Sunchaser Shakery

    • 1 Videos
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1 Videos

  • Lesson 3.2 Sunchaser Shakery

Lesson 3.3: Non-Recognition Provisions

    • 6 Videos
    • 1 Quiz
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6 Videos

  • Lesson Objectives - Non-Recognition Provisions
  • Lesson 3.3.1 Concepts
  • Lesson 3.3.2 Applications Logic Check 1
  • Lesson 3.3.2 Applications Logic Check 2
  • Lesson 3.3.2 Applications Logic Check 3
  • Lesson 3.3.2 Applications Logic Check 4

1 Quiz

  • Knowledge Check: Non-Recognition Provisions

Lesson 3.4: Basis Determination & Holding Period

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Basis Determination & Holding Period
  • Lesson 3.4.1 Concepts
  • Lesson 3.4.2 Applications Logic Check 1
  • Lesson 3.4.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Basis Determination & Holding Period

Lesson 3.5: Built-In Loss Property

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Built-In Loss Property
  • Lesson 3.5.1 Concepts
  • Lesson 3.5.2 Applications Logic Check 1
  • Lesson 3.5.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Built-In Loss Property

Lesson 3.6: Treatment of "Boot"

    • 5 Videos
    • 1 Quiz
Show info about module content

5 Videos

  • Lesson Objectives - Treatment of "Boot"
  • Lesson 3.6.1 Concepts
  • Lesson 3.6.2 Applications Logic Check 1
  • Lesson 3.6.2 Applications Logic Check 2
  • Lesson 3.6.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Treatment of "Boot"

Lesson 3.7: Module 3 Wrap-Up

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Corporate Formation I Wrap-Up

1 Quiz

  • Corporate Formation I Quiz

Lesson 4.0: Module Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Formation II & Operations Overview

2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4.1: Assumption of Liabilities

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Assumption of Liabilities
  • Lesson 4.1.1 Concepts
  • Lesson 4.1.2 Applications Logic Check 1
  • Lesson 4.1.2 Applications Logic Check 2
  • Lesson 4.1.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Assumption of Liabilities

Lesson 4.2: Property and Services

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Property and Services
  • Lesson 4.2.1 Concepts
  • Lesson 4.2.2 Applications Logic Check 1

1 Quiz

  • Knowledge Check: Property and Services

Lesson 4.3: Capital Contributions

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Capital Contributions
  • Lesson 4.3.1 Concepts
  • Lesson 4.3.2 Applications Logic Check 1

1 Quiz

  • Knowledge Check: Capital Contributions

Lesson 4.4: Debt versus Equity

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Debt versus Equity
  • Lesson 4.4.1 Concepts
  • Lesson 4.4.2 Applications Logic Check 1
  • Lesson 4.4.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check : Debt versus Equity

Lesson 4.5: Investor Losses

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Investor Losses
  • Lesson 4.5.1 Concepts
  • Lesson 4.5.2 Applications Logic Check 1
  • Lesson 4.5.2 Applications Logic Check 2
  • Lesson 4.5.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Investor Losses

Lesson 4.6: Small Business Stock

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Small Business Stock
  • Lesson 4.6.1 Concepts
  • Lesson 4.6.2 Applications Logic Check 1
  • Lesson 4.6.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Small Business Stock

Lesson 4.7: Module 4 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Formation II & Operations Wrap-Up

1 Quiz

  • Corporate Formation II & Operations Quiz

Lesson 5.0: Module Information

    • 1 Videos
    • 2 Readings
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Non-Liquidating Distributions Overview

2 Readings

  • Module 5 Overview
  • Module 5 Readings

1 Quiz

  • Knowledge Check: Corporate Non-Liquidating Distributions Overview

Lesson 5.1: Earnings & Profits

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Earnings & Profits
  • Lesson 5.1.1 Concepts
  • Lesson 5.1.2 Applications Logic Check 1
  • Lesson 5.1.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Earnings & Profits

Lesson 5.2: Cash Distributions

    • 6 Videos
    • 1 Quiz
Show info about module content

6 Videos

  • Lesson Objectives - Cash Distributions
  • Lesson 5.2.1 Concepts
  • Lesson 5.2.2 Applications Logic Check 1
  • Lesson 5.2.2 Applications Logic Check 2
  • Lesson 5.2.2 Applications Logic Check 3
  • Lesson 5.2.2 Applications Logic Check 4

1 Quiz

  • Knowledge Check: Cash Distributions

Lesson 5.3: Property Distributions

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Property Distributions
  • Lesson 5.3.1 Concepts
  • Lesson 5.3.2 Applications Logic Check 1
  • Lesson 5.3.2 Applications Logic Check 2
  • Lesson 5.3.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Property Distributions

Lesson 5.4: Stock Distributions

    • 4 Videos
    • 1 Quiz
Show info about module content

4 Videos

  • Lesson Objectives - Stock Distributions
  • Lesson 5.4.1 Concepts
  • Lesson 5.4.2 Applications Logic Check 1
  • Lesson 5.4.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Stock Distributions

Lesson 5.5: Constructive Distributions

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Constructive Distributions
  • Lesson 5.5.1 Concepts
  • Lesson 5.5.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Constructive Distributions

Lesson 5.6: Qualified Dividends

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Lesson 5.6 Qualified Dividends

1 Quiz

  • Knowledge Check: Qualified Dividends

Lesson 5.7: Module 5 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Non-Liquidating Distributions Wrap-Up

1 Quiz

  • Corporate Non-Liquidating Distributions Quiz

Lesson 6.0: Module Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Redemptions and Partial Liquidations Overview

2 Readings

  • Module 6 Overview
  • Module 6 Readings

Lesson 6.1: Background & Basics

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Lesson 6.1 Background & Basics

1 Quiz

  • Knowledge Check: Background & Basics

Lesson 6.2: Stock Attribution Rules

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Stock Attribution Rules
  • Lesson 6.2.1 Concepts
  • Lesson 6.2.2 Applications Logic Check 1
  • Lesson 6.2.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Stock Attribution Rules

Lesson 6.3: Qualifying Stock Redemptions I

    • 5 Videos
    • 1 Quiz
Show info about module content

5 Videos

  • Lesson Objectives - Qualifying Stock Redemptions I
  • Lesson 6.3.1 Concepts
  • Lesson 6.3.2 Applications Logic Check 1
  • Lesson 6.3.2 Applications Logic Check 2
  • Lesson 6.3.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Qualifying stock Redemptions I

Lesson 6.4: Qualifying Stock Redemptions II

    • 6 Videos
    • 1 Quiz
Show info about module content

6 Videos

  • Lesson Objectives - Qualifying Stock Redemptions II
  • Lesson 6.4.1 Concepts
  • Lesson 6.4.2 Applications Logic Check 1
  • Lesson 6.4.2 Applications Logic Check 2
  • Lesson 6.4.2 Applications Logic Check 3
  • Lesson 6.4.2 Applications Logic Check 4

1 Quiz

  • Knowledge Check: Qualifying Stock Redemptions II

Lesson 6.5: Corporate Tax Effects

    • 5 Videos
    • 1 Quiz
Show info about module content

5 Videos

  • Lesson Objectives - Corporate Tax Effects
  • Lesson 6.5.1 Concepts
  • Lesson 6.5.2 Applications Logic Check 1
  • Lesson 6.5.2 Applications Logic Check 2
  • Lesson 6.5.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Corporate Tax Effects

Lesson 6.6: Module 6 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Redemptions and Partial Liquidations Wrap-Up

1 Quiz

  • Corporate Redemptions and Partial Liquidations Quiz

Lesson 7.0: Module Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Liquidations Overview

2 Readings

  • Module 7 Overview
  • Module 7 Readings

Lesson 7.1: Background & Basics

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 7.1 Background and Basics

1 Quiz

  • Knowledge Check: Background and Basics

Lesson 7.2: Corporate Tax Effects

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Corporate Tax Effects
  • Lesson 7.2.1 Concepts
  • Lesson 7.2.2 Applications Logic Check 1
  • Lesson 7.2.2 Applications Logic Check 2
  • Lesson 7.2.2 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Corporate Tax Effects

Lesson 7.3: Corporate Anti-Stuffing Rules

    • 8 Videos
    • 1 Quiz
Show info about module content

8 Videos

  • Lesson Objectives - Anti-Stuffing Rules
  • Lesson 7.3.1 Concepts
  • Lesson 7.3.2 Applications Logic Check 1
  • Lesson 7.3.2 Applications Logic Check 2
  • Lesson 7.3.2 Applications Logic Check 3
  • Lesson 7.3.3 Concepts II
  • Lesson 7.3.4 Applications Logic Check 4
  • Lesson 7.3.4 Applications Logic Check 5

1 Quiz

  • Knowledge Check: Corporate Anti-Stuffing Rules

Lesson 7.4: Shareholder Tax Effects

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Shareholder Tax Effects
  • Lesson 7.4.1 Concepts
  • Lesson 7.4.2 Applications Logic Check 1
  • Lesson 7.4.2 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Shareholder Tax Effects

Lesson 7.5: Parent-Subsidiary Liquidations

    • 7 Videos
    • 1 Quiz
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7 Videos

  • Lesson Objectives - Parent-Subsidiary Liquidations
  • Lesson 7.5.1 Parent Tax Effects I
  • Lesson 7.5.2 Subsidiary Tax Effects II
  • Lesson 7.5.3 Applications Logic Check 1
  • Lesson 7.5.3 Applications Logic Check 2
  • Lesson 7.5.3 Applications Logic Check 3
  • Lesson 7.5.3 Applications Logic Check 4

1 Quiz

  • Knowledge Check: Parent-Subsidiary Liquidations

Lesson 7.6: Module 7 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Corporate Liquidations Wrap-Up

1 Quiz

  • Corporate Liquidations Quiz

Lesson 8.0: Module Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Corporate Reorganizations Overview

2 Readings

  • Module 8 Overview
  • Module 8 Readings

Lesson 8.1: Historical Background

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 8.1 Historical Background

1 Quiz

  • Knowledge Check: Historical Background

Lesson 8.2: Tax-Deferred Reorganizations

    • 6 Videos
    • 5 Quiz
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6 Videos

  • Lesson Objectives - Tax-Deferred Reorganizations
  • Lesson 8.2.1 General Requirements
  • Lesson 8.2.2 Type A Organizations
  • Lesson 8.2.3 Type B and C Organizations
  • Lesson 8.2.4 Type D Organizations
  • Lesson 8.2.5 Type E, F, and G Organizations

5 Quiz

  • Knowledge Check: General Requirements
  • Knowledge Check: Type A Organizations
  • Knowledge Check: Type B & C Organizations
  • Knowledge Check: Type D Organizations
  • Knowledge Check: Type E, F and G Organizations

Lesson 8.3: Tax Consequences

    • 7 Videos
    • 1 Quiz
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7 Videos

  • Lesson Objectives - Tax Consequences
  • Lesson 8.3.1 Concepts
  • Lesson 8.3.2 Application Logic Check 1
  • Lesson 8.3.2 Application Logic Check 2
  • Lesson 8.3.2 Application Logic Check 3
  • Lesson 8.3.2 Application Logic Check 4
  • Lesson 8.3.2 Application Logic Check 5

1 Quiz

  • Knowledge Check: Tax Consequences

Lesson 8.4: Module 8 Wrap-Up

    • 1 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Quiz
    • 1 Plugin
Show info about module content

1 Discussions

  • Final Reflection: I used to think ... Now I think

1 Videos

  • Corporate Reorganizations Wrap-Up

2 Readings

  • Congratulations on completing the course!
  • Get Your Course Certificate

1 Quiz

  • Corporate Reorganizations Quiz
Michael P Donohoe, PhD, CPA
Instructor

Michael P Donohoe, PhD, CPA