MBA 623: Advanced Taxation

Overview

This course explores the tax consequences of many sophisticated business, financial, and personal wealth-planning transactions. It is designed to 1) acquaint you with the economic and social policy issues of taxation; 2) examine the common ground between financial theory and tax law; and 3) develop a framework of federal income taxation that allows for future tax law changes. You will be challenged to think critically and discuss conceptual and technical tax issues covered in each module. Additionally, you will apply technical material covered in each module, often requiring calculation in deriving numerical solutions. This course is based on AICPA standards.

Learning Outcomes

Upon successful completion of this course, students will be able to:

• Become more familiar with the broad range of complex tax concepts, types of taxpayers, professional standards, and ethics.
• Apply income tax law to solving a variety of case problems.
• Examine economic and social policy issues of taxation.
• Perform tax research and tax planning.
• Examine the common ground between financial theory and tax law.
• Analyze the financial and tax implications of numerous business and personal transactions, including multiple-entity business structures, mergers & acquisitions, and personal wealth planning.
• Develop a framework of federal income taxation.by examining current law and applying it to business and personal transactions.

Required Texts
MBA 623 texts are available from the JIU/MBS bookstore