Corporate Taxation

Describe the computation of corporate taxable income, including common deductions and capital gains treatment.

Analyze the tax treatment of dividends paid to shareholders.

Define a stock redemption and distinguish its tax treatment as either a dividend or a sale/exchange.

Describe the role of a shareholder's stock basis in calculating taxable gain from a stock sale.

Describe the principle of tax-free reorganizations and their significance in structuring corporate transactions.

Evaluate the tax implications of choosing a merger, asset purchase, or stock purchase structure.

Explain the tax consequences of a Section 338 election in a qualified stock purchase.