xxv, 490 pages : illustrations ; 25 cm.
9781531018030 (paperback) 1531018033 (paperback) 9781531018047 (ebook)
Understanding series (New York, N.Y.)
"This clearly written treatise is designed to make very accessible the complex subject of corporate taxation by using non-technical, straightforward language, charts, checklists, diagrams, and numerous examples to aid readers' understanding. The book starts with an introductory chapter that discusses the choice of business form; the general principle that corporate profits are subject to double taxation (once at the corporate level and again at the shareholder level); and the basics of anti-abuse rules, such as the step-transaction doctrine. Those anti-abuse rules are explored in more detail in a later chapter, as are proposals to partially or fully eliminate double taxation. The next several chapters are organized using a cradle-to-grave approach that traces the life cycle of a corporation, beginning with formation and capitalization and ending with corporate "death," liquidation. Between those events, the book discusses operational issues, including the capital structure of a corporation, distributions of cash or property, stock redemptions, and stock dividends. After corporate liquidations, the book explores more advanced topics, such as taxable stock or asset acquisitions; non-taxable corporate reorganizations and divisions; the carryover of tax attributes (such as net operating losses) following certain non-recognition transactions; and the treatment of corporate tax shelters. In addition, a chapter addresses the taxation of S corporations, which generally provides a single-tax paradigm. Understanding Corporate Taxation also includes discussion of relevant cases. It is designed to supplement any corporate tax casebook or to be used on its own"-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Introduction to corporate taxation Tax consequences of transferring property to a new or existing controlled corporation Capital structure of a corporation Non-liquidating distributions of property to shareholders (dividends) Redemptions of stock Stock dividends Corporate liquidations and taxable acquisitions The pass-through regime of Subchapter S Reorganizations : overview Acquisitive reorganizations Corporate divisions Reorganizations involving only one corporation Carryover of tax attributes Anti-abuse measures and special provisions Integration of corporate and shareholder taxes Corporate tax shelters.