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Course Descriptions

Course Descriptions

Corporate Taxation (Spring 2018)

Course Description

This course is an intensive introduction to the federal income taxation of large American business corporations. The course reviews the tax considerations relevant to each stage in the life cycle of a corporation (the capitalization of the corporation, its business operations, and its liquidation), as well as to business combinations and divestitures.  The course also introduces the special tax rules governing consolidated tax returns and the utilization of operating losses. In addition to presenting to USC law students his own unique pedagogical style as Tax Tummler™, the instructor will make a special effort to relate issues to real-life examples, and also to identify underlying policy debates concerning the role of the corporate income tax, or individual aspects thereof (for example, whether  the tax system encourages the over-leveraging of American business).

This course focuses on the practical and policy issues relevant to the taxation of public corporations. The course is designed to complement another course on the taxation of partnerships and S corporations, which are the tax-preferred forms for privately-held business enterprises and investment funds. The two courses together will offer students a much more comprehensive introduction to the topics formerly covered in the one-semester course Business Enterprise Taxation.

Class participation is expected, but will not be graded. There will be an in-class examination, which can be taken using a laptop computer equipped with SofTest. The course is available for CR/D/F grading.

Basic Tax (LAW-600) or permission of the instructor is a prerequisite. Students may find it helpful also to have taken basic business organizations law (LAW-603), but it is not strictly a prerequisite. 

Course Details

  • Unit Value: 4
  • Grading Options: Numerical or CR/D/F
  • Schedule: T/Th 4:00 pm - 5:50 pm
  • Room Number: Room 103
  • Exam: In-class exam
  • Writing Requirement: No
  • Skills/Experiential Unit Requirement: no
  • Participation: Points will not be awarded
  • Pre-requisites: LAW-600 Taxation or permission of instructor; students may find it helpful to have enrolled in LAW-603 Business Organizations but it is not strictly required