CORPORATE TAXATION

Course Materials and Assignment

Sheet

Profess
or Gerard B. Pompan

Summer
Term 2010

646 –
732- 5412
 pompa
n@andromeda.rutgers.ed
Welcome to the Corporate Tax course. I look forward to working
with you this summer semester as we explore how corporations are
taxed from formation, distributions, liquidations and
reorganizations.

The casebook in this course is Lind, Schwarz, Lathrope, and

Rosenberg, -Fundamentals of Corporate Taxation (7th ed). Internal
Revenue Code sections and regulations that are cited in the
casebook at the beginning of each section are included in the
assignments.

To supplement your course book you should also consider a

supplementary text entitled Federal Corporate Taxation (5th), by
Abrams and Doernberg. Another helpful text is Corporate Taxation
written by Cheryl Block. It contains useful problems with a complete
analysis provided. During the course I will share some relevant
handouts as well to supplement our class discussions.

A formal syllabus has not been prepared for this course, but see the
attached. We have approximately ten sessions to cover the course
material and will cover approximately 30 to 40 pages of text per
class. There will be certain topics that we will spend more time on
and thus we will gauge our progress as we go. If you cannot make a
class you can contact me to find out the reading for the next class.

For our first class, June 1, please try to read Chapter 1 and 2 of the
text.

I will expect that everyone has read the assigned reading for each
class and has attempted to answer the problems posed in the text.
While I will be doing some lecturing I look forward to an interactive
dialogue as we work through the problems. While this course is an
over view of many of the aspects of corporate taxation it will be our
goal by the end of the course for you to be able to see a fact
pattern and identify a solution for achieving a business and
favorable tax solution.

The main focus of the course will be to trace the life-cycle of a

corporation* from its initial formation to possible liquidation and
transactions it may undertake. Our attention will be on the various
tax ramifications surrounding each aspect of a corporation’s life. We
will additionally cover mergers and acquisitions and touch on not
only corporate combinations but acquisitions by financial buyers.

There is a midterm which is scheduled for July 13 and a final exam

on August 10. The midterm will be approximately 45% of your final
grade and the final will be approximately 55% of your final grade.
Some amount of additional credit will be considered for class
participation. The exams will be multiple choice and short essay.

While I know you have other courses in your program, it will be

critical to keep up with the reading assignments and problems.

* CORPORATE LIFE – CYCLE

I. AN OVERVIEW OF THE TAXATION OF

CORPORATIONS AND SHAREHOLDERS
II. FORMATION OF A CORPORATION – SEC.351
III. THE CAPITAL STRUCTURE OF A CORPORATION
IV. NONLIQUIDATING DISTRIBUTIONS
V. REDEMPTIONS AND PARTIAL LIQUIDATIONS
VI. STOCK DIVIDENDS AND SECTION 306
VII. COMPLETE LIQUIDATIONS
VIII.MERGERS AND ACQUISITIONS
IX. COPORATE DIVISIONS
The above in great part will follow the index to
our course book, Fundamentals Of Corporate
Taxation.