Sources: Bittker and Eustice, Federal Income Taxation of Corporations and Shareholders, Seventh Edition, Warren Gorham & Lamont, 2000. Reading assignments include related sections of the Internal Revenue Code as shown on the next page. If you do not have a copy, one is available on the internet. My website, at the address above, provides links that enable you access to the code, regulations, tax forms, Florida Statutes and other sources.  Class notes and assigned cases are also found on the website.

Examples, Assigned Case, and Classroom Cases: Examples found in the class notes, the assigned case, and additional classroom cases will be discussed in class as time permits.   Solutions to the assigned and classroom cases will, from time to time, be collected. For that reason cases should be completed independently. You may discuss your answer with others after we discuss the materials in class.

Preparation:  For each class period, you should read assigned text materials,. Also, it is recommended that you read the listed code sections. The related assigned case segment should be completed before the class  in which the related materials are discussed. A schedule is shown on the next page. Come prepared to discuss the material. Because of the large amount of material in the textbook some chapters have been omitted from assigned readings. Some material in these chapters is covered in Tax 5015 while other materials may be briefly covered in class. The Tax 5015 text and other resources may assist you in your efforts to gain an understanding of the material. You will be challenged to digest, understand, and use the information provided in the text and other resources. The text used in this course is an exceptional resource, and is in fact the most highly respected book dealing with corporate tax law. It serves both as a reference book and a textbook. It is extremely complex and detailed in its coverage of the material. Do not try to read chapters in one setting.  In general, we will not discuss prior law or proposed law. We will emphasize regular C and S corporations as opposed to special corporations (e.g., RICs and REITs) and special industries (e.g., banking or extraction).  We will ignore most multinational issues.  You can safely skip the footnotes.  Use your judgment when you find yourself mired in exceptional detail. You don't have to learn it all, but you are expected to gain an working knowledge of the subject matter.

Grading:  Final grades will primarily be based on exam grades. Additional points may be awarded for high quality solutions to the assigned cases. Such points are a reward for both effort and participation. You must personally turn in solutions when they are collected. They may not be turned in for you by others. They may not be turned in electronically, nor may they turned in at other times.  Plus and minus grades are rarely assigned. Course requirements and grading are subject to change.