University of Texas at Dallas

AIM 6352-501 - Corporate Taxation - Spring 2007

SOM 2.117; 5:30pm – 6:45pm

Instructor: Rick Zachardy, CPA Office: SOM 4.228

Adjunct Lecturer in Accounting and Information Management

Office Phone: 972-883-5903

E-mail: Please use WebCT email

Office Hours: M/W after class period and by appointment

throughout the week

TA: Wendy Bao

E-Mail: jiayi.bao@student.utdallas.edu

Course Objectives
To Use Critical Thinking

¾ 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 Research and Planning

¾ To determine how distributions affect the tax liabilities of both the shareholder
and the corporate entity.

¾ 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

¾ To appreciate the requirements and concepts contained in the Statement on

Responsibilities in Tax Practice.

¾ To understand the ethical issues that confront both individual taxpayers and
tax practitioners on a day-to-day basis.
 To Enhance Communication Skills

¾ Class participation and discussion will improve communication skills.

¾ The skills gained from the above items will be reinforced through

1. The preparation of two Federal corporate income tax returns class

discussion and participation

Grading System

Maximum Points

1. Two Tests 200

2. Preparation of Tax Returns 50
3. Final Examination 150
TOTAL POINTS 400

Tax Returns: Information concerning the tax returns will be posted no

later than February 16, 2007. It is required that the tax returns be
prepared using professional tax preparation software. RIA’s InSource
software is available for this project. Information concerning this software
is posted on WebCT. The returns are due no later than March 26, 2007.

Class Participation: Students are to read the assigned chapter prior to

class and participate in class discussion. Solutions for questions and
problems for assigned chapters will be posted on WebCT. The final grade
for the course may be enhanced as a result of class participation.

Final Examination: The final examination is comprehensive.

Required Textbooks
West Federal Taxation –
Corporations, Partnership, Estate and Trusts
By: Hoffman, Raabe, Smith and Maloney
2007 Edition
 General Information
1. Make-up policy:
Only for very compelling reasons will a make-up test
be allowed as determined by the instructor.

2. Prerequisite:
The prerequisite for this course is AIM 6351 or an
equivalent.

University Policy on Cheating:

Students are expected to be above reproach in all-scholastic activities. Students who
engage in scholastic dishonesty are subject to disciplinary penalties, including the
possibility of failure in the course and dismissal from the University. "Scholastic
dishonesty includes but is not limited to cheating, plagiarism, collusion, and the
submission for credit of any work or materials that are attributable in whole or in part to
another person, taking an examination for another person, any act designed to give
unfair advantage to a student or the attempt to commit such acts." Regents' Rule and
Regulations, Part One, Chapter VI, Section 3, Subsection 3.2, Subdivision 3.22. Since
scholastic dishonesty harms the individual, all students and the integrity of the University,
policies on scholastic dishonesty will be strictly enforced.
Date Topic Assignments

Week #1 Chapter 1 Introduction to Corporate Taxation

1-8/10
Week #2 Chapter 2 January 15th – No Class (Holiday)
1-15/17 Code Sections: 448,248,11, 6012, and 6072
Week #3 Chapter 2 Code Sections: 448,248,11, 6012, and 6072
1-22/24
Week #4 Chapter 3 Code Sections: 199,531,532,537,535,542 and 543
1-29/31
Week #5 Chapter 4 Code Sections: 351(a), 351(b),351(d) 368(c),357(a), 357(b), 357(c), 358,and
2-5/7 385(a)
Week #6 Chapters 1-4 Chapters in Review
2-12
Week #6 Test One Test One - Part A - Take home part (Part B) will be handed out in class.
2-14 Test One - Part B due on February 19, 2007 at the beginning of class
Tax return data will be posted February 16, 2007
Week #7 Chapter 5 Code Sections: 316(a),301(c),301(a),317(a), 301(b),301(d),312(a),305
2-19/21
Week #8 Chapter 6 Code Sections:317(a),318(a), 317(b),302(a),302(b)(1),302(b)(2),
2-26/28 302(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
Week #9 Spring Break Spring Break
3-5/7
Week #10 Chapter 7 Code Sections: 354,355,356,357,358,361,362,368
3-12/14
Week #11 Chapters 5-7 Chapters in Review
3-19
Week #11 Test Two Test Two - Part A - Take home part (Part B) will be handed out in class.
3-21 Test Two - Part B due on March 26, 2007 at the beginning of class
Week #12 Open Topic Test Two – Part B and Tax Returns due
3-26 Session
3-28 Guest The public accounting environment and tax practice
Speaker/s
Week #13 Chapter 8 Code Sections: 1501,1502,1503 and 1504
4-2/4
Week #14 Chapter 16 Code Sections: 7491,6212,6861,6213,6621,6601,6651,6662,6501(a) and (b)
4-9/11
Week #15 Chapter 16 Continuation of Chapter 16 Discussion
4-16
4-18 Chapters 1-4 Course in Review
Week #16 Chapters 5-7, Course in Review
4-23 16
4-25 Final Comprehensive Final (In class April 25, 2007 5:00-6:45)