Steven Dean

Corporate Taxation

A rigorous analysis of fundamental issues encountered when operating in corporate form, including tax status as a corporation, organization, distributions, redemptions, stock bail-outs, sale of business, liquidations, divisions and Subchapter S elections. Students electing this course may not enroll in Taxation of Business Organizations.

Grading and Method of Evaluation:

Letter grade only. Final exam.

Federal Income Taxation

An introduction to the fundamentals of federal income taxation with a focus on the determination of gross income, personal and business deductions, and exemptions; an analysis of timing issues and assignment of income principles, and a study of the character of gain or loss upon the disposition property.

Grading and Method of Evaluation:

Letter grade only. Final exam.

International Taxation

Examination of U.S. taxation rules applicable to business and investment activities of foreign individuals and corporations in this country and U.S. taxation of U.S. taxpayers who invest and conduct business abroad. Specific topics will include sourcing and characterization of items of income and deductions, the branch profits tax, foreign investment in U.S. real estate, the foreign tax credit, property transfers, controlled foreign corporations, and U.S. tax treaties.

Grading and Method of Evaluation:

Letter grade with pass/fail option. Final exam.

Tax Policy

This course will explore the policy concerns and the political process that have produced the U.S. income tax and the international tax regime. Topics may include fundamental tax reform, tax expenditures, tax shelters, tax treaties, ethical concerns, privacy and lobbying.

Grading and Method of Evaluation:

Letter grade only. A paper is required. With prior permission of the instructor, a few students may use the paper to satisfy the UCWR. However, those students must contact the instructor before the start of the semester to make those arrangements.