Mar 13, 2025  
2023-2024 Undergraduate Academic Catalog-June Update 
    
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2023-2024 Undergraduate Academic Catalog-June Update [ARCHIVED CATALOG]

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BUS 4510 - Tax Planning and Research

3 lecture hours 0 lab hours 3 credits
Course Description
This course is designed to provide the students with an introduction to the tax laws of the United States. Specifically covering an introduction to the taxation of income including issues related to the measurement and recognition of income, deductions and losses, tax credits, the taxation of property transactions, basis and cost recovery, and alternative forms of business organization. Additionally, students will get an in-depth look into the advanced tax laws that impact businesses, through research and case analysis emphasis will be on the taxation of business operations and transactions involving corporations and their owners throughout the life of the entity. Finally, the taxation of trusts and estates will be studied. (prereq: BUS 2510  and BUS 2530 ) (quarter system prereqs: BA 2510 and BA 2530)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Identify and critically evaluate issues as they relate to taxation
  • Describe the key elements of the US tax code for individuals and corporations
  • Examine the statutory and regulatory aspects of taxation as they relate to corporate individual tax decisions
  • Apply ethical standards to the issues in taxation
  • Identify and critically research and evaluate issues as they relate to the taxation of corporations and individuals
  • Research the key elements of the US tax code to solve business problems
  • Prepare business entity income tax returns
  • Describe the statutory and regulatory aspects of taxation as they relate to trusts and estates
Prerequisites by Topic
  • None
Course Topics
  • Determination of taxable income
  • Gross income and exclusions
  • Deductions and losses
  • Property transaction
  • Tax credits
  • Depreciations and cost recovery
  • Tax research
  • Corporate formations and capital structure
  • The corporate income tax
  • Corporate non-liquidating and liquidating transactions
  • Corporate acquisitions and reorganizations
  • Consolidated tax returns
  • Estate tax
  • Income taxation of trusts
  • Taxation administrative procedures
Coordinator
Dr. Ken Dobbs


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