Corporate Taxation

Corporate Taxation addresses important issues regarding the formation, operation, and liquidation of C corporations and S corporations.

In particular, this text covers topics such as:

• contributing property and services to a corporation
• determining a shareholder's tax basis in the corporation
• selecting a corporation's taxable year
• computing a corporation's taxable income
• structuring taxable and tax-free corporate acquisitions and divisions
• understanding affiliated groups and the consolidated return regulations
• handling nonliquidating and liquidating distributions
• the impact of flow-through treatment on the corporation and shareholders

This text includes review problems at the end of each chapter to strengthen the reader's understanding of important concepts and the application of the law to particular transactions. Ultimately, after studying this text, the reader should have a valuable understanding of the taxation of both C corporations and S corporations.