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01/23 - 05/19 | ||||||
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10:30 am |
10:30 am |
Subject: Law (Grad) (LAWS)
CRN: 22807
In Person | Lecture
Minneapolis: School Of Law 242
Requirements Met:
LLM US Law Elective
This course will examine the tax treatment of the entity and the owners of a "C" corporation, an "S" corporation, a part- nership, and a limited liability company. The course will be useful as an introduction to business taxation to students who are interested in a practice involving tax planning and those interested in a general business practice. Taking an entity life-cycle approach, students will learn the tax con- sequences of organizing, operating, and liquidating these entities. Students will also consider contributions and dis- tributions of money and property, contributions of services, the treatment of losses and the effect of entity-level debt, allocations of tax items among the owners, and sales of own- ership interests. Students will learn the practical applic- ation of the issues studied through some basic drafting assignments. [Prerequisite: Taxation: Federal Income Taxation.]
3 Credits