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Mar 29, 2026
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TAX 406 - Taxation of Business Entities
This course explores the principles and practices of federal income taxation as applied to business entities. It focuses on the taxation of corporations, partnerships, S corporations, and limited liability companies (LLCs), emphasizing tax compliance, planning, and decision-making. Students will analyze the tax implications of forming, operating, and dissolving business entities, and they will gain practical knowledge to apply tax laws and regulations in real-world business scenarios.
Credit(s): 3
Prerequisite(s):
TAX 405 .
Outcomes
- Demonstrate a thorough understanding of federal tax laws and regulations affecting corporations, partnerships, LLCs, and S corporations, including similarities and differences in their taxation.
- Evaluate the tax implications of business entity selection, formation, and operational activities, including income recognition, deductions, and credits.
- Describe the return filing obligations and procedures for federal business entity income tax returns to ensure compliance with current tax laws.
- Assess ethical considerations and compliance requirements in the taxation of business entities, including issues related to tax avoidance, evasion, and regulatory obligations.
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