Taxation of Business Entities I: Corporations from Coursera

What's inside

Syllabus

Course Orientation

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Provides a comprehensive overview of U.S. federal income taxation of corporations and their shareholders

Taught by a well-respected professor with extensive experience in corporate taxation

Focuses on practical problem-solving, which helps learners develop professional skills

Covers a wide range of topics, from corporate formation to liquidations and reorganizations

Assumes a basic understanding of tax law, which may be a barrier for beginners

Does not cover international tax issues, which may be a limitation for some learners

Reviews summary

Us corporate taxation subchapter c

According to learners, this course provides a solid foundation in US corporate taxation, specifically focusing on Subchapter C. Many found the content well-structured and comprehensive, covering corporate formation, operations, distributions, liquidations, and reorganizations. The course is described as a challenging yet rewarding experience, particularly for those with some prior tax knowledge or who are pursuing careers in tax or accounting. Students appreciated the clear explanations and practical examples provided in the lectures and study problems. While some noted the complexity of the material, the course is widely seen as excellent preparation for professional exams and real-world tax practice.

May be difficult without some tax background.

"Beneficial if you have some prior exposure to tax concepts."

"Might be tough for complete beginners with no tax background."

"I recommend having a basic understanding of tax before taking this."

"Prior knowledge in individual taxation was helpful for this course."

Covers a wide range of essential topics.

"The syllabus is well-structured and covers all the key areas of Subchapter C."

"Appreciated the logical flow from formation to liquidation and reorganizations."

"Each module built effectively on the previous one."

"The course covers a lot of ground in corporate tax."

Instruction is easy to follow and well-illustrated.

"The instructor explained complex topics very clearly."

"Lectures were engaging and the examples helped solidify the concepts."

"Appreciated the practical examples used to illustrate tax rules."

"The explanations were straightforward despite the difficult subject matter."

Material is difficult but leads to deep understanding.

"Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes."

"The course is challenging, but the effort is definitely rewarded with knowledge."

"Demanding but very thorough and prepares you well."

"It required significant effort, but I feel I truly understand the concepts now."

Highly relevant for careers in tax/accounting.

"Excellent preparation for professional skills and attitudes."

"This course is directly applicable to my work in tax."

"Great for those preparing for professional accounting or tax exams."

"Provided practical knowledge I could immediately use in my job."

Provides a strong base for understanding corporate tax.

"Provides an introduction to the U.S. federal income taxation of corporations..."

"A great foundational course for anyone looking to get into corporate tax."

"Gave me a solid understanding of the basics of corporate tax law."

"This course laid the groundwork for more advanced studies in tax."

Focuses comprehensively on key corporate tax topics.

"This course focuses on the relevant provisions of Subchapter C of the Internal Revenue Code..."

"Covers the taxation of corporations and their shareholders, focusing heavily on Subchapter C."

"Excellent course for gaining a deep understanding of US corporate taxation, especially Subchapter C."

"I learned about corporate formation, operations, distributions, and liquidation from this course."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Taxation of Business Entities I: Corporations with these activities:

Review corporate law fundamentals

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Refresh your understanding of corporate law concepts to prepare for the course material.

Browse courses on Corporate Law

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Read an introductory textbook on corporate law.
Take practice tests or quizzes on corporate law topics.
Review notes or materials from previous corporate law courses.

Complete online tutorials on corporate taxation

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Supplement your understanding of corporate taxation concepts with guided tutorials.

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Research online tutorials on corporate taxation.
Select a reputable tutorial provider.
Complete the tutorials at your own pace, taking notes and asking questions as needed.

Participate in peer discussion groups

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Engage with peers to discuss course concepts, exchange perspectives, and clarify misunderstandings.

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Join or form a peer discussion group.
Actively participate in discussions, sharing your thoughts and asking questions.
Listen attentively to the perspectives of others and be open to alternative interpretations.

Four other activities

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Solve practice problems on corporate income taxation

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Reinforce your understanding of corporate income taxation through practice problems.

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Gather practice problems from textbooks, online resources, or the instructor.
Solve the problems independently, referring to course materials for assistance.
Compare your solutions with the provided answer key or discuss them with classmates.

Analyze a real-world corporate tax case study

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Apply your knowledge by analyzing a real-world corporate tax case and identifying the key legal and tax issues involved.

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Select a recent corporate tax case study from a reputable source.
Read and analyze the facts of the case, including relevant legal and tax documents.
Identify the main legal and tax issues raised by the case.
Write a concise analysis of the case, discussing the key legal and tax arguments and their implications.

Mentor junior students or peers in corporate taxation

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Reinforce your understanding and develop leadership skills by mentoring others in corporate taxation.

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Identify a junior student or peer who could benefit from your guidance.
Offer your time and expertise to mentor them on corporate taxation concepts and skills.
Regularly meet with your mentee, providing guidance, feedback, and encouragement.

Contribute to open-source software projects related to corporate taxation

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Expand your knowledge and gain practical experience by contributing to open-source projects in the field of corporate taxation.

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Identify open-source projects related to corporate taxation on platforms like GitHub.
Review the project documentation and identify areas where you can contribute.
Develop and submit code contributions, following the project's guidelines.

Career center

Learners who complete Taxation of Business Entities I: Corporations will develop knowledge and skills that may be useful to these careers:

Tax Manager

Tax Managers are responsible for overseeing an organization's tax strategy and ensuring compliance with tax laws. A background in the U.S. federal income taxation of corporations and their shareholders is essential to succeed as a Tax Manager. This course would help you develop your knowledge of Subchapter C of the Internal Revenue Code and related Treasury Regulations and judicial opinions governing corporate formation, operations, distributions, and liquidation. You would also gain practical experience in solving tax problems, which is a critical skill for Tax Managers.

See salaries and explore the career path for Tax Manager

Tax Accountant

Tax Accountants prepare and file tax returns for individuals and businesses. They also advise clients on tax planning and compliance issues. A strong understanding of corporate income taxation is essential for Tax Accountants, and this course would provide you with a solid foundation in this area. You would learn how to calculate corporate income tax liability and compute the corporate Alternative Minimum Tax (AMT). You would also gain experience in analyzing book-tax differences and compliance procedures.

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Auditor

Auditors examine an organization's financial records to ensure accuracy and compliance with accounting standards. They may also perform risk assessments and provide consulting services. A background in corporate taxation is helpful for Auditors, as it allows them to better understand the financial implications of business decisions. This course would provide you with a strong foundation in corporate income taxation, as well as practical experience in analyzing financial records.

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Financial Analyst

Financial Analysts evaluate investment opportunities and make recommendations to clients. They typically have a strong background in accounting and finance, and a knowledge of corporate taxation can be helpful in understanding the financial performance of companies. This course would provide you with a strong foundation in corporate income taxation, as well as practical experience in analyzing financial statements.

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Tax Preparer

Tax Preparers prepare and file tax returns for individuals and businesses. They typically have a background in accounting or taxation. A strong understanding of corporate income taxation is essential for Tax Preparers, as they must be able to correctly calculate corporate tax liability. This course would provide you with a solid foundation in this area, as well as practical experience in preparing tax returns.

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Tax Examiner

Tax Examiners review tax returns to ensure accuracy and compliance with tax laws. They may also conduct audits and investigations. A strong understanding of corporate income taxation is essential for Tax Examiners, as they must be able to correctly interpret and apply the law. This course would provide you with a solid foundation in this area, as well as practical experience in reviewing tax returns.

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Tax Attorney

Tax Attorneys advise clients on tax planning and compliance issues. They also represent clients in tax disputes with the IRS. A strong understanding of corporate income taxation is essential for Tax Attorneys, as they must be able to correctly interpret and apply the law. This course would provide you with a solid foundation in this area, as well as practical experience in solving tax problems.

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Tax Policy Analyst

Tax Policy Analysts research and analyze tax laws and policies. They may also make recommendations to policymakers on how to improve the tax system. A strong understanding of corporate income taxation is helpful for Tax Policy Analysts, as they need to be able to understand the impact of tax laws on businesses. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing tax policies.

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Investment Banker

Investment Bankers advise companies on mergers and acquisitions, as well as other financial transactions. A strong understanding of corporate taxation is helpful for Investment Bankers, as they need to be able to understand the tax implications of different transactions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial transactions.

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Corporate Controller

Corporate Controllers are responsible for overseeing an organization's financial operations. They typically have a strong background in accounting and finance. A knowledge of corporate taxation can be helpful for Corporate Controllers, as they need to be able to understand the tax implications of business decisions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial statements.

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Chief Financial Officer (CFO)

CFOs are responsible for overseeing an organization's financial operations. They typically have a strong background in accounting and finance. A knowledge of corporate taxation can be helpful for CFOs, as they need to be able to understand the tax implications of business decisions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial statements.

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Management Consultant

Management Consultants advise businesses on a variety of issues, including finance, operations, and strategy. A knowledge of corporate taxation can be helpful for Management Consultants, as they need to be able to understand the tax implications of business decisions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial statements.

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Entrepreneur

Entrepreneurs start and run their own businesses. A knowledge of corporate taxation can be helpful for Entrepreneurs, as they need to be able to understand the tax implications of business decisions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial statements.

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Financial Planner

Financial Planners advise individuals and businesses on financial planning and investment strategies. A knowledge of corporate taxation can be helpful for Financial Planners, as they need to be able to understand the tax implications of investment decisions. This course would provide you with a solid foundation in this area, as well as practical experience in analyzing financial statements.

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Loan Officer

Loan Officers evaluate loan applications and make recommendations on whether to approve or deny loans. A knowledge of corporate taxation can be helpful for Loan Officers, as they need to be able to understand the tax implications of different types of loans. This course may provide you with a basic understanding of corporate taxation, but it is not directly relevant to the role of Loan Officer.

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Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Taxation of Business Entities I: Corporations.

Your Federal Income Tax For Individuals...

Save

This is the official compilation of the regulations that interpret the federal income tax laws. It good choice for practitioners who need to stay up-to-date on the latest tax laws and regulations.

Your Federal Income Tax For Individuals...

Paperback

Treasury Department Circular No. 230 - Regulations...

Save

This is the official compilation of the federal income tax laws. It good choice for practitioners who need to stay up-to-date on the latest tax laws and regulations.

Treasury Department Circular No. 230 - Regulations...

Paperback

Fundamentals of International Taxation

Save

This multi-volume treatise comprehensive guide to the federal income tax. It good choice for researchers and practitioners who need to research a specific tax issue.

Fundamentals of International Taxation

Paperback

Check price

Fundamentals of International Taxation

Kindle Edition

Check price

Federal Taxation of Corporations and Corporate...

Save

Comprehensive guide to the taxation of corporations. It covers all of the major topics relevant to the course, in a clear and concise manner.

Federal Taxation of Corporations and Corporate...

Kindle Edition

$$$$

Onward and Upward

Save

Provides a practical guide to corporate tax planning. It covers a wide range of topics, including entity selection, mergers and acquisitions, and international tax planning.

Onward and Upward: Guide For Getting Through New...

Paperback

Corporate Finance 5e

Save

Provides a comprehensive overview of corporate finance. It good resource for students and practitioners who are interested in learning more about the financial management of corporations.

Corporate Finance 5e

Paperback

$$$$

Contract, Governance and Transaction Cost Economics

Save

Provides a comprehensive overview of the economics of organization and management. It good resource for students and practitioners who are interested in learning more about the economic theory of the firm.

Contract, Governance and Transaction Cost Economics

Hardcover

$$$

Auditing and Assurance Services, Global Edition

Save

Provides a comprehensive overview of auditing and assurance services. It good resource for students and practitioners who are interested in learning more about the auditing profession.

Auditing and Assurance Services, Global Edition

Paperback

Auditing and Assurance Services, Global Edition

Paperback

$$$$

Auditing and Assurance Services plus Pearson MyLab...

Paperback

$$$$