About this Course
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Flexible deadlines

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Intermediate Level

Approx. 35 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...

English

Subtitles: English

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 35 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Course Orientation

2 videos (Total 7 min), 4 readings, 1 quiz
2 videos
About Prof Donohoe2m
4 readings
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz8m
2 hours to complete

Module 1: Overview of Business Taxation

11 videos (Total 46 min), 1 reading, 4 quizzes
11 videos
Lesson 1.1.1 Origins of Taxation3m
Lesson 1.1.2 Sources of Tax Law: Statutory3m
Lesson 1.1.3 Sources of Tax Law: Administrative6m
Lesson 1.1.4 Sources of Tax Law: Judicial3m
Lesson 1.1.5 Judicial Doctrines4m
Lesson 1.1.6 Hierarchy of Tax Law Sources1m
Lesson 1.2.1 Fundamental Features6m
Lesson 1.2.2 Strategic Form Choice8m
Tax Entity Classification3m
Module 1 Wrap-Up1m
1 reading
Module 1 Overview and Resources10m
4 practice exercises
Lesson 1.1 Knowledge Check10m
Lesson 1.2 Knowledge Check10m
Lesson 1.3 Knowledge Check8m
Module 1 Quiz20m
Week
2
2 hours to complete

Module 2: Corporate Income Taxation

14 videos (Total 60 min), 2 readings, 6 quizzes
14 videos
Income Tax Formulas9m
Lesson 2.2.1 Dividends Received Deduction: Concepts3m
Lesson 2.2.2 Dividends Received Deduction: Applications6m
Lesson 2.2.3 Organizational Expenditures Deduction: Concepts2m
Lesson 2.2.4 Organizational Expenditures Deduction: Applications6m
Lesson 2.3.1 Regular Corporate Income Tax Liability: Concepts4m
Lesson 2.3.2 Regular Corporate Income Tax Liability: Applications1m
Lesson 2.4 Corporate Alternative Minimum Tax4m
Lesson 2.5.1 Penalty Taxes on Corporate Accumulations4m
Lesson 2.5.2 Related Corporations3m
Book-Tax Differences6m
Compliance Procedures2m
Module 2 Wrap-Up1m
2 readings
Module 2 Overview and Resources10m
Week 2 Live Session Slides10m
6 practice exercises
Lesson 2.1 Knowledge Check10m
Lesson 2.2 Knowledge Check4m
Lesson 2.3 Knowledge Check2m
Lesson 2.4 Knowledge Check2m
Lesson 2.5 Knowledge Check2m
Module 2 Quiz20m
Week
3
3 hours to complete

Module 3: Corporate Formation I

17 videos (Total 118 min), 2 readings, 4 quizzes
17 videos
Lesson 3.1.1. Acquisition and Disposition4m
Lesson 3.1.2 Recognition2m
Lesson 3.1.3 Character3m
Lesson 3.1.4 Recapture6m
Lesson 3.1.5 Recapping Recapture2m
Sunchaser Shakery2m
Introduction to Non-Recognition Provisions3m
Lesson 3.3.1 Non-Recognition Provisions: Concepts5m
Lesson 3.3.2 Non-Recognition Provisions: Applications13m
Lesson 3.4.1 Basis Determination & Holding Period: Concepts4m
Lesson 3.4.2 Basis Determination & Holding Period: Applications15m
Lesson 3.5.1 Built-In Loss Property: Concepts4m
Lesson 3.5.2 Built-In Loss Property: Applications15m
Lesson 3.6.1 Treatment of “Boot”: Concepts3m
Lesson 3.6.2 Treatment of “Boot”: Applications27m
Module 3 Wrap-Up1m
2 readings
Module 3 Overview and Resources10m
Week 3 Live Session Slides10m
4 practice exercises
Lesson 3.1 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Lesson 3.4 Knowledge Check8m
Module 3 Quiz20m
Week
4
2 hours to complete

Module 4: Corporate Formation II

14 videos (Total 62 min), 2 readings, 7 quizzes
14 videos
Lesson 4.1.1 Assumption of Liabilities: Concepts3m
Lesson 4.1.2 Assumption of Liabilities: Applications15m
Lesson 4.2.1 Property and Services: Concepts2m
Lesson 4.2.2 Property and Services: Applications6m
Lesson 4.3.1 Capital Contributions: Concepts3m
Lesson 4.3.2 Capital Contributions: Applications2m
Lesson 4.4.1 Debt versus Equity: Concepts6m
Lesson 4.4.2 Debt versus Equity: Applications2m
Lesson 4.5.1 Investor Losses: Concepts4m
Lesson 4.5.2 Investor Losses: Applications3m
Lesson 4.6.1 Small Business Stock: Concepts4m
Lesson 4.6.2 Small Business Stock: Applications2m
Module 4 Wrap-Up1m
2 readings
Module 4 Overview and Resources10m
Week 4 Live Session Slides10m
7 practice exercises
Lesson 4.1 Knowledge Check8m
Lesson 4.2 Knowledge Check8m
Lesson 4.3 Knowledge Check8m
Lesson 4.4 Knowledge Check8m
Lesson 4.5 Knowledge Check8m
Lesson 4.6 Knowledge Check8m
Module 4 Quiz20m
4.6
4 ReviewsChevron Right

Top reviews from Taxation of Business Entities I: Corporations

By NMOct 5th 2018

Excellent Course Structure. But need more Comprehensive Form 1120 Tax Return Series Problems for more practice & retention for a US Tax Career.

Instructor

Avatar

Michael P Donohoe, PhD, CPA

Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, Gies College of Business

Start working towards your Master's degree

This course is part of the 100% online Master in Computer Science from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

About University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

About the U.S. Federal Taxation Specialization

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

Frequently Asked Questions

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  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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