TAX 6015, Taxation of Business Entities I Fall 2011 Module 1 Instructor: Office: 311 Gerson Hall a.m.11:15 a.m.

Phone: 352-273-0213 E-mail: debbie.garvin@cba.ufl.edu Class Website: https://lss.at.ufl.edu Professor Deborah R. Garvin, JD, CPA Class Time: Section 1374: TR 7:30 a.m. 9.15 a.m. Section 1444; TR 9:30 Class Location: GER 122 Office Hours: Mon: 1:30 2:30 p.m. Wed: 8:30 10:00 a.m.

Texts: (1) Taxation of Business Entities, 2012 Edition by Spilker, Ayers, Robinson, Outslay, Worsham, Barrick & Weaver; and published by McGraw Hill. The ISBN # is 9780077509545 (2) There will also be required downloads of various sections of the Internal Revenue Code . I will let you know the required code sections in class. Course Description: This course is the first of a three-course sequence that examines the taxation of Corporations, Partnerships, S Corporations and other flow-through business entities from formation through operations and dissolution. In this first Taxation of Business Entities course, we will concentrate on the tax effects of Corporate Formation and Operations as well as Accounting for Income Taxes on the Corporations financial statements. Course Objectives: To enable the students to learn the fundamental concepts of the federal income tax system as applied to business entities and to apply the fundamentals learned in these two areas to problem situations likely to be encountered in tax compliance and tax planning practice. Prerequisite: TAX 5065 (Tax Professional Research) and 7AC standing. Problems: Homework problems are included in the textbook to illustrate the concepts of the text material. Although no grade is given for homework, its timely completion should strengthen a student's performance on the exam since the exam is largely problem oriented. Solutions to the homework problems are available on the TAX 6015 website. Examinations: There will be one midterm exam given on the date indicated on the syllabus. Students may use their code on the exam. The exam grading key will be covered in class, please attend & "check" the grading of your exam. There will also be a take-home final exam consisting of a problem dealing with ASC 740. This problem will be completed by each student individually and will be assigned and due on dates indicated on the syllabus. Grades: Briefing Cases/Articles Midterm Examination Final Exam Total 10% 60% 30% 100%

Due to the institution of minus grades and the resulting changes in the grade point equivalencies of letter grades, UF requires that all UF course syllabi contain information on current UF grading policies for assigning grade points, even if the course does not use minus grades. Here is the link to the appropriate undergraduate catalog web page http://www.registrar.ufl.edu/catalog/policies/regulationgrades.html. Student Information Sheet: I request that you fill out a form that provides me with a little information about yourself along with a copy of a recent photo. This information helps me to get to know each of you. You are not required to provide me with this information. Form is available on our Website.
Syllabusf11 January 24, 2012

TAX 6015; Taxation of Business Entities I; Fall 2011 Module 1 Class 8/23 8/25 8/30 9/1 9/6 Topic Overview of Business Enterprise Taxation Models; Brief Assigned Cases/Articles for Class on 8/25 Judicial Doctrines Formation of a Corporation Formation: Organizational Expenditures & Start-up costs Corporate Operations 8: pgs 1 19 2: pgs 31 - 33 8: 37; 39; 40; 41; 43; 44; 56 2: 67 Chapters - Text 4 Suggested Homework Problems 4: 52, 57

5 (all) and 1: pgs 11 - 16 5: 45; 46; 48; 50; 53; 56; 59; 60; 63 1: 55; 56, 80 5: 66 5 5: 74; 77; 79; 80; 81; 87(a-f)

9/8 9/13 9/15 9/20 9/22 9/27 9/29

Corporate Operations: Controlled Groups Corporate Operations: AMT & other Penalty Taxes Corporate Operations: (cont.) Corp. Nonliquidating Distributions Corp. Nonliquidating Distributions (cont.) Exam, In Class Introduction to Accounting for Income Taxes ASC 740 Team Case Assigned Accounting for Income Taxes (cont.) & Review Exam Accounting for Income Taxes, Team Case Due Final Exam Problem Assigned (This is an individual project) Accounting for Income Tax Problem Due at 2 p.m. in my office 6 7

36; 37; 39; 43; 46; 49; 51; 52; 55; 56; 63; 64; 65; 66

38; 40; 42; 45; 47; 48; 50; 52; 60; 61; 65; 66; 70; 72; 75

10/4 10/6

10/13

Syllabusf11 January 24, 2012