Course Syllabus

AIM 6352 Corporate taxation

School of Management
The University of Texas at Dallas

| Course Info | Tech Requirements | Access & Navigation | Communications | Resources |

Assessments | Academic Calendar | Scholastic Honesty | Course Evaluation | UTD Policies |

Course Information

Course

Course Number Section AIM 6352-501

Course Title Corporate Taxation
Term and Dates Spring 2011

Professor Contact Information

Professor Kenneth L. Bressler
Email Address bressler@utdallas.edu
Office Hours By Appointment
Office Location SOM 2.701

About the Instructor

Mr. Bressler is an attorney and certified public accountant that has been on the University of
Texas at Dallas adjunct faculty since 1998. He has taught Corporate Taxation, Individual
Taxation, Business Law, and various accounting courses.

Course Pre-requisites, Co-requisites, and/or Other Restrictions

AIM 6351 Individual Income Tax or its equivalent is a prerequisite for Corporate Taxation.

Course Description

Course Approach
The course will rely heavily on lectures, PowerPoint presentations, textbook assignments and
chapter quizzes.

Course Preparation and Participation

Each student must accept the responsibility for course preparation. Thus, for each session,
every student must read and study the assigned chapters and attend the lectures. The student
should answer as many of the questions and problems at the end of each chapter as the
student feels is necessary to master the material. In addition, each chapter will be followed
by a graded quiz.

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Professional Linkages

Corporate taxation is an important area for all accounting firms, including large international,
regional and local firms. It continues to be a way of developing key relationships with
executives.

Student Learning Objectives/Outcomes

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. Corporate Distributions
3. Corporate Reorganizations
4. Tax Practice and dealing with the IRS

To determine how distributions affect the tax liabilities of both the shareholders 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 confronts both individual taxpayers and tax
practitioners on a day-to-day basis.

To Enhance Communication Skills

To improve communication skills, students will prepare and submit a Federal Corporate Income
Tax Return and write a paper on corporate taxation.

Required Textbooks and Materials

Required Texts

West Federal Taxation – Corporations, Partnership, Estate and Trusts, 2011 Edition, by
Hoffman, Raabe, Smith and Maloney, Thomson-Southwestern Publishing.

There is also a custom book available that contains only the chapters covered in this course.
The price of the new custom book is about 60% of the cost of a new full edition. The book is
published by Hoffman, Raabe, Smith and Maloney, Thomson-Southwestern Publishing.

The custom book should be available at all the locations listed below.

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Textbooks and some other bookstore materials can be ordered online through Off-Campus
Books or the UTD Bookstore. They are also available in stock at both bookstores.

Suggested Course Materials

Access to the Internal Revenue Code and Treasury Regulations is helpful but not a requirement
of the Course. The Code and Regulations may be accessed through the Internet and the
University library.

Course Policies

Make-up exams
There are no makeup examinations or quizzes.

Extra Credit
There will be no extra credit work given to individual students.

Late Work
Late work will not be accepted. Assignments must be submitted timely in hard copy. No
electronic submissions will be accepted.

Special Assignments
There will be two special assignments due during the semester. One will be the completion of
a corporate tax return and the other will be a paper on a corporate tax topic. See further
details under Student Assessments.

Class Participation
Students are expected to be punctual, attend all classes, and participate in class discussions.

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Student Resources

The following university resources are available to students:

McDermott Library: Distance Learners (UTD students who live outside the boundaries of
Collin, Dallas, Denton, Rockwall, or Tarrant counties) will need a UTD-ID number to access all
of the library’s electronic resources (reserves, journal articles, ebooks, interlibrary loan) from
off campus. For UTD students living within those counties who are taking online courses, a
Comet Card is required to check out materials at the McDermott Library. For more information
on library resources go to http://www.utdallas.edu/library/distlearn/disted.htm.

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 Student Assessments
Grading Information

Weights

Test 1 Chapters 1-3 25%

Test 2 Chapters 4-6 25%
Test 3 Chapters 7, 8, 17 25%
Quiz Average 10%
Tax Return Project 5%
Paper 10%
Total 100%

Grading Scale
A = 93-100
A- = 90-92
B+ = 87-89
B = 83-86
B- = 80-82
C+ =77-79
C = 70-76
F = 0-69

Grading Policy: Grades will be determined from the three tests, quiz average, tax return
project, and paper.

Accessing Grades

Students can check their grades by clicking “My Grades” under Course Tools after the grade
for each assessment task is released.

Assignments

Tests: Each test will consist of 20-25 True/False questions, 20-25 Multiple
Choice questions and several subjective problems.

Quizzes: There are 9 quizzes. Quizzes are due at the end of each chapter and
will be graded out of 10. Each quiz contains 10 objective questions.

Tax Returns: The tax return project is located at the end of Chapter 2 of the text.
The problem is on Page 2-50 and is the Pet Kingdom, Inc. Problem. Students may
work together on the problem but each student must submit his/her own problem for
grading. Tax Return Project due March 7, 2011.

Paper : The paper must be between four and five pages double spaced with
one inch margins. UTD has available for students’ use the RIA on-line tax service

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 (Checkpoint) for research. Other research tools such as the ustaxcourt.gov, irs.gov
may also be of assistance. Paper due April 4, 2011.

The paper will be graded on its professionalism, logical content, clarity, ease of
understanding, and creativity. The paper must be written in an acceptable and
appropriate writing style of a graduate student. The papers will be grade on an A+, A,
B, C, D, F scale. For purposes of determining a student’s final grade, the paper’s
grade will be converted as follows: A+ 100
A 95
A- 90
B 85
C 75
D 65
F 55

Some suggested topics are as follows:

1. U.S. Court System in which one can pursue tax litigation.

2. Redemptions.
3. Reorganizations.
4. Earnings and Profits and the allocation of corporate distributions.
5. Penalties that can be asserted against a Taxpayer by the IRS.
6. Advantages and disadvantages of the various business forms and how they are taxed.
7. Domestic Production Activities Deduction.
8. Dividends received deduction.
9. Alternative Minimum tax.
10. Consolidated Tax returns.

If a student selects a topic other than one of the suggested topics, he/she must
receive prior approval from the instructor.

Academic Calendar

Date Topic Codes Sections Covered, Assignments and Test Dates

Week #1 Chapter 1 Introduction and Chapter 1
1/10-12
Week #2 Chapter 2 Code Sections: 448, 248, 11, 1561(a), 1563(a)(1), 1563(a)(2),
1/17-19 6012 and 6072. Reg. 1.1563-1(c)(2)
Week #3 Chapter 2 Chapter 2 Continues
1/24-26 Chapter 3 Code Sections: 199,531,532,537,535,542 and 543

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 Week #4 Chapter 3 Chapter 3 Continues
1/31-2/2
Week # 5 Test One Chapters 1-3
2/7-2/9
Week #6 Chapter 4 Code Sections: 351(a), 351(b),351(d) 368(c),357(a), 357(b),
2/14-16 357(c), 358 and 385(a) Code
Sections:316(a),301(c),301(a),317(a), 301(b),301(d),305

Week #7 Chapter 5 Code Sections: 316(a), 301(c), 301(a),317(a)301(b), 301(d) and

2/21-23 305
Week #8 Chapter 5 Chapter 5 Continues
2/28-3/2
Week #9 Chapter 6 Code Sections: 318(a),317(b),302(a),302(b)(1),302(b)(2),
3/7-9 302(b)(3),302(c),302(b)(4),302(e),1014(a),303,311(a) and (b)
312(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
TAX RETURN PROJECT DUE MARCH 7, 2011
Week #10 Spring Break
3/14-16
Week #11 Chapter 6 Chapter 6 Continues
3/21-23
Week #12 Test Two Chapters 4-6
3/28-30
Week #14 Chapter 7 Code Section: 354,355,356,357,358,361,362,368
4/4-6 PAPER DUE APRIL 4, 2011
Week #13 Chapter 8 Code Sections: 1501,1502,1503 and1504
4/11-13
Week #14 Chapter 17 Code Sections: 7491,6212,6861,6213,6621,6601,6651,6662,
4/18-20 6501(a) and (b)
Week #15 Test Three CHAPTERS 7, 8, AND 17
4/25-27

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Scholastic Honesty
The University has policies and discipline procedures regarding scholastic dishonesty.
Detailed information is available on the UTD Judicial Affairs web page. All students are
expected to maintain a high level of responsibility with respect to academic honesty. Students
who violate University rules on scholastic dishonesty are subject to disciplinary penalties,
including the possibility of failure in the course and/or dismissal from the University. Since
such dishonesty harms the individual, all students and the integrity of the University, policies
on scholastic dishonesty will be strictly enforced.

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 Course Evaluation

As required by UTD academic regulations, every student must complete an evaluation for
each enrolled course at the end of the semester. An online instructional assessment form will
be made available for your confidential use. Please look for the course evaluation link on the
course Home Page towards the end of the course.

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University Policies

Student Conduct & Discipline

The University of Texas System and The University of Texas at Dallas have rules and
regulations for the orderly and efficient conduct of their business. It is the responsibility of
each student and each student organization to be knowledgeable about the rules and
regulations which govern student conduct and activities. General information on student
conduct and discipline is contained in the UTD publication, A to Z Guide, which is provided to
all registered students each academic year.

The University of Texas at Dallas administers student discipline within the procedures of
recognized and established due process. Procedures are defined and described in the Rules
and Regulations, Board of Regents, The University of Texas System, Part 1, Chapter VI,
Section 3, and in Title V, Rules on Student Services and Activities of the university’s
Handbook of Operating Procedures. Copies of these rules and regulations are available to
students in the Office of the Dean of Students, where staff members are available to assist
students in interpreting the rules and regulations (SU 1.602, 972/883-6391).

A student at the university neither loses the rights nor escapes the responsibilities of
citizenship. He or she is expected to obey federal, state, and local laws as well as the
Regents’ Rules, university regulations, and administrative rules. Students are subject to
discipline for violating the standards of conduct whether such conduct takes place on or off
campus, or whether civil or criminal penalties are also imposed for such conduct.

Academic Integrity

The faculty expects from its students a high level of responsibility and academic honesty.
Because the value of an academic degree depends upon the absolute integrity of the work
done by the student for that degree, it is imperative that a student demonstrate a high
standard of individual honor in his or her scholastic work.

Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related to
applications for enrollment or the award of a degree, and/or the submission as one’s own work
or material that is not one’s own. As a general rule, scholastic dishonesty involves one of the
following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students
suspected of academic dishonesty are subject to disciplinary proceedings.

Plagiarism, especially from the web, from portions of papers for other classes, and from any
other source is unacceptable and will be dealt with under the university’s policy on plagiarism

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 (see general catalog for details). This course will use the resources of turnitin.com, which
searches the web for possible plagiarism and is over 90% effective.

Email Use

The University of Texas at Dallas recognizes the value and efficiency of communication
between faculty/staff and students through electronic mail. At the same time, email raises
some issues concerning security and the identity of each individual in an email exchange.
The university encourages all official student email correspondence be sent only to a student’s
U.T. Dallas email address and that faculty and staff consider email from students official only if
it originates from a UTD student account. This allows the university to maintain a high degree
of confidence in the identity of all individual corresponding and the security of the transmitted
information. UTD furnishes each student with a free email account that is to be used in all
communication with university personnel. The Department of Information Resources at U.T.
Dallas provides a method for students to have their U.T. Dallas mail forwarded to other
accounts.

Withdrawal from Class

The administration of this institution has set deadlines for withdrawal of any college-level
courses. These dates and times are published in that semester's course catalog.
Administration procedures must be followed. It is the student's responsibility to handle
withdrawal requirements from any class. In other words, the instructor cannot drop or
withdraw any student. You must do the proper paperwork to ensure that you will not receive a
final grade of "F" in a course if you choose not to attend the class once you are enrolled.

Student Grievance Procedures

Procedures for student grievances are found in Title V, Rules on Student Services and
Activities, of the university’s Handbook of Operating Procedures.

In attempting to resolve any student grievance regarding grades, evaluations, or other

fulfillments of academic responsibility, it is the obligation of the student first to make a serious
effort to resolve the matter with the instructor, supervisor, administrator, or committee with
whom the grievance originates (hereafter called “the respondent”). Individual faculty members
retain primary responsibility for assigning grades and evaluations. If the matter cannot be
resolved at that level, the grievance must be submitted in writing to the respondent with a
copy of the respondent’s School Dean. If the matter is not resolved by the written response
provided by the respondent, the student may submit a written appeal to the School Dean. If
the grievance is not resolved by the School Dean’s decision, the student may make a written
appeal to the Dean of Graduate or Undergraduate Education, and the deal will appoint and
convene an Academic Appeals Panel. The decision of the Academic Appeals Panel is final.
The results of the academic appeals process will be distributed to all involved parties.

Copies of these rules and regulations are available to students in the Office of the Dean of
Students, where staff members are available to assist students in interpreting the rules and
regulations.

Incomplete Grade Policy

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 As per university policy, incomplete grades will be granted only for work unavoidably missed
at the semester’s end and only if 70% of the course work has been completed. An incomplete
grade must be resolved within eight (8) weeks from the first day of the subsequent long
semester. If the required work to complete the course and to remove the incomplete grade is
not submitted by the specified deadline, the incomplete grade is changed automatically to a
grade of F.

Disability Services

The goal of Disability Services is to provide students with disabilities educational opportunities
equal to those of their non-disabled peers. Disability Services is located in room 1.610 in the
Student Union. Office hours are Monday and Thursday, 8:30 a.m. to 6:30 p.m.; Tuesday and
Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30 p.m.

The contact information for the Office of Disability Services is:

The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)

Essentially, the law requires that colleges and universities make those reasonable
adjustments necessary to eliminate discrimination on the basis of disability. For example, it
may be necessary to remove classroom prohibitions against tape recorders or animals (in the
case of dog guides) for students who are blind. Occasionally an assignment requirement may
be substituted (for example, a research paper versus an oral presentation for a student who is
hearing impaired). Classes enrolled students with mobility impairments may have to be
rescheduled in accessible facilities. The college or university may need to provide special
services such as registration, note-taking, or mobility assistance.

It is the student’s responsibility to notify his or her professors of the need for such an
accommodation. Disability Services provides students with letters to present to faculty
members to verify that the student has a disability and needs accommodations. Individuals
requiring special accommodation should contact the professor after class or during office
hours.

Religious Holy Days

The University of Texas at Dallas will excuse a student from class or other required activities
for the travel to and observance of a religious holy day for a religion whose places of worship
are exempt from property tax under Section 11.20, Tax Code, Texas Code Annotated.

The student is encouraged to notify the instructor or activity sponsor as soon as possible
regarding the absence, preferably in advance of the assignment. The student, so excused,
will be allowed to take the exam or complete the assignment within a reasonable time after the
absence: a period equal to the length of the absence, up to a maximum of one week. A
student who notifies the instructor and completes any missed exam or assignment may not be
penalized for the absence. A student who fails to complete the exam or assignment within the
prescribed period may receive a failing grade for that exam or assignment.

If a student or an instructor disagrees about the nature of the absence [i.e., for the purpose of
observing a religious holy day] or if there is similar disagreement about whether the student

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 has been given a reasonable time to complete any missed assignments or examinations,
either the student or the instructor may request a ruling from the chief executive officer of the
institution, or his or her designee. The chief executive officer or designee must take into
account the legislative intent of TEC 51.911(b), and the student and instructor will abide by the
decision of the chief executive officer or designee.

Off-Campus Instruction and Course Activities

Off-campus, out-of-state, and foreign instruction and activities are subject to state law and
University policies and procedures regarding travel and risk-related activities. Information
regarding these rules and regulations may be found at the website address given below.
Additional information is available from the office of the school dean.
(http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm)

These descriptions and timelines are subject to change at the discretion of the
Professor.

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