ACTY 4240 - Advanced Tax Accounting

A study of the federal tax laws that govern the transactions during a corporation’s life cycle. The tax effects of organizing, operating, making distributions, reorganizing, and liquidating corporations are analyzed. The differences in the taxation of corporations, partnerships, and limited liability companies also are addressed.

Prerequisites & Corequisites: Prerequisite: ACTY 3240 with a grade of “C” or better.

Credits: 3 hours

Restrictions: This course is restricted to minors or majors in Accountancy.