University of Texas at Dallas

AIM 6352-521 - Corporate Taxation - Summer 2007

SOM 2.107; Tuesday’s, 6:00pm — 10:00pm

Instructor: Rick Zachardy, CPA Office: SOM 4.228

Adjunct Lecturer in Accounting and Information Management
E-mail: Please use WebCT email
Office Hours: Wednesday’s 6:00 — 7:00 by appointment
TA: Wendy Bao
E-Mail: jiai.bao©student.utdalIas.edu

Course Objectives
To Use Critical Thinking

To understand and apply income tax concepts that influence decisions of corporate
managers. The course will concentrate on tax effects in the following areas:

1. Creation of Corporations
2. Taxable Income
3. Corporate Distributions
3. Corporate Reorganizations
4. Consolidation of Corporations
5. Compliance Reporting

To determine how distributions affect the tax liabilities of both the shareholder and the
corporate entity.
To apply concepts to determine the best course of action for both the shareholders and the
corporate entity.

To Understand the Ethical Considerations in Tax Practice

To appreciate the requirements and concepts contained in the Statement on Responsibilities in

Tax Practice.
To understand the ethical issues that confront both individual taxpayers and tax practitioners on a
day-to-day basis.

To Enhance Communication Skills

Class participation and discussion will improve general communicatibn skills.

Written analysis of tax consequences will refine the ability to communicate effectively, both
orally and written.
 Grading System
Maximum Points

1. Test 1(2 Scantrons required) 100

2 Test 11(2 Scantrons required) 100
3. Preparation of 2 Tax Returns (50 each) 100
4. Final Examination (1 Scantron required) 200
TOTAL POINTS 500

Tax Returns: Information concerning the tax returns will be posted on June 5, 2007. It is
required that the tax returns be prepared using the fill in forms provided by the internal
Revenue Service at www.irs.gov. The returns are due on July 7, 2007.

Class Participation: Students are to read the assigned chapter prior to class and participate
in class discussion. Solutions for questions and problems for assigned chapters will be
posted on WebCT. The final grade for the course may be enhanced as a result of class
attendance and participation.

Final Examination: The final examination is comprehensive and will encompass all
material covered throughout the semester.

Required Textbooks

West Federal Taxation —

Corporations, Partnership, Estate and Trusts
By: Hoffman, Raabe, Smith and Maloney
2007 Edition

General Information
1. Make-up policy:
Only for very compelling reasons will a make-up test
be allowed as determined by the instructor.

2. Prerequisite:
The prerequisite for this course is AIM 6351 or an
equivalent.
 University Policy on Cheating:
Students are expected to be above reproach in all-scho’astic activities. Students
who engage in scholastic dishonesty are subject to disciplinary penalties,
including the possibility of failure in the course and dismissal from the
University. “Scholastic dishonesty includes but is not limited to cheating,
plagiarism, collusion, and the submission for credit of any work or materials that
are attributable in whole or in part to another person, taking an examination for
another persàn, any act designed tc give unfair advantage to a student or the
attempt to commit such acts.” Regents’ Rule and Regulations. Part One, Chapter
VI, Section 3, Subsection 3.2, Subdivision 3.22. Since scholastic dishonesty
harms the individual, all students and the integrity of the University, policies on
scholastic dishonesty will be strictly enforced.

Date Topic Assignments

Week #1 Chapters 1 Introduction to Corporate Taxation and Code Sections 170, 172, 243,
5/15 and2 448, 248,195,11,6012, and 6072
Week #2
Chapter 3 Code Sections: 199,531,532,537,535,542 and 543
5/22
Week #3 Code Sections: 351(a), 351 (b),351 (d) 368(c),357(a), 357(b), 357(c),
Chapter 4
5129 358,and 385(a)
Tax Return data provided; Test I, Section I, handed out - to be
Week #4 Chapters 1-
completed outside of class and turned on 6/12 at beginning of class.
6/5 4 Review
(requires Scantron)
Week #5
Test I Bring Scantron for exam
6/12
Week #6 Review Test results; Code Sections: 31 6(a),301 (c),301 (a),31 7(a),
Chapter 5
6/19 301(b),301(d),312(a),305
Code Sections:31 7(a),3 18(a), 31 7(b),302(a), 302(b)(1 ),302(b)(2),
Week #7 302(b)(3),302(c),302(b)(4),302(e), 101 4(a),303,3 11(a) and (b)
Chapter 6
6/26 31 2(n)(7),305,306,304,331 ,267(a),334(a),336(a),336(b),336(d),
336(d)(2)(B)(ii),331 ,334(a),332,337,334(b),and 338
Week #8 Tax Returns Due at beginning of class; Code Sections:
Chapter 7
7/3 354,355,356,357,358,361,362,368
Discuss Tax Return results; Test II, Section I, handed out - to be
Week #9 Chapters 5-
completed outside of class and turned on 7/17 at beginning of class.
7/10 7 Review
(requires Scantron)
Week #10
Test II Bring Scantron for exam
7/17
Week#11 Chapters 8 Code Sections: 1501, 1502, 1503, 1504, 7491, 6212, 6861, 6213,
7/24 and 16 6621, 6601, 6651, 6662, 6501(a) and (b)
Week #12
Final Exam Bring Scantron for exam
7/31