Enroll Course: https://www.coursera.org/learn/taxation-business-entities-part-2
Course Overview
Taxation of Business Entities II: Pass-Through Entities is a fascinating course offered on Coursera that delves into the intricacies of U.S. federal income taxation as it relates to pass-through business entities such as Subchapter S corporations, partnerships, and limited liability companies. This course is essential for anyone looking to navigate the complexities of business taxation in the United States, and it meticulously covers the relevant provisions of Subchapters S and K of the Internal Revenue Code, alongside Treasury Regulations and judicial opinions.
Syllabus Breakdown
The course is structured into eight modules, each designed to provide in-depth knowledge and practical skills:
- Introduction to Course: Familiarization with the course format, requirements, and building a rapport with peers and the instructor.
- Module 1 – Partnership Formation: Understand the basics of partnerships, including eligible entities, nonrecognition provisions, and the nuances of capital contribution.
- Module 2 – Partnership Operations: Explore how partnerships operate as conduits for income and gain insights into income allocation and adjustments to tax basis.
- Module 3 – Partnership Distributions: Learn about tax treatments of distributions, including classification and nonrecognition principles.
- Module 4 – Partnership Sales and Terminations: Analyze tax consequences in the sale of partnership interests and the implications for partnership termination.
- Module 5 – Other Pass-Through Entities: Expand your knowledge to include LLCs, LLPs, family partnerships, and S corporations.
- Module 6 – S Corporation Operations: In-depth examination of S corporation specifications, including income measurement, allocations, and shareholder implications.
- Module 7 – Professional Tax Practice & Ethics: Explore the ethics of tax practice and the importance of adhering to IRS regulations.
- Module 8 – Strategic Organizational Form Choice: Apply your knowledge to practical scenarios in choosing the right organizational form for various business needs.
Who Should Take This Course?
This course is ideal for finance professionals, tax advisors, corporate managers, and anyone interested in understanding the taxation of pass-through entities in depth. It is particularly beneficial for students in accounting or taxation programs looking to enhance their knowledge with practical examples and ethical considerations.
Conclusion
Overall, the Taxation of Business Entities II: Pass-Through Entities course on Coursera is a comprehensive resource for anyone serious about mastering the intricacies of pass-through taxation. The practical study problems and the structured approach foster genuine understanding and self-discovery essential for anyone in the field. I highly recommend this course to anyone eager to improve their expertise in taxation.
Enroll Course: https://www.coursera.org/learn/taxation-business-entities-part-2