2003-2005 - Special Collections - University of Baltimore

TAXA 664 Executive Compensation (2)
Methods of providing tax-free and taxdeferred
compensation to employees,
including section 83 tax planning, stock
option tax planning, incentive compensation
arrangements, and methods of funding
nonqualified plans.
TAXA 665 Tax Exempt Organizations (2)
Analysis of provisions relating to the qualification
for exemption from federal income
tax, with emphasis on section 501 (c)(3)
organizations, private foundations, and the
treatment of unrelated business income.
TAXA 667 Estate Planning (3) Methods
ofdisposing of estates by will, life insurance,
inter vivos arrangements, and consideration
of resulting tax and administrative
problems. Course also focuses on gathering
and analyzing facts in the planning and
draning of trusts, wills, and related documents.
Additionalprerequisite: TAXA 660.
TAXA 668 Business Planning (3) An
integrated study of the impact of tax, securities,
corporate law, and partnership law
on business transactions. Topics include
selection of the form of business enterprise,
acquisitions and dispositions of business
interests, and professional responsibility
issues. Students prepare writing projects
relating to the course material. Additional
prerequisites: TAXA 652 and TAXA 653.
TAXA 670 Income Taxation ofEstates
and Trusts (2) Federal income taxation of
decedents' estates and simple and complex
testamentary and inter vivos trusts. Course
covers taxation of income in respect of a
decedent, tax consequences ro trust beneficiaries,
and tax problems of fiduciaries.
Additionalprerequisite: TAXA 660.
TAXA 671 Corporate Reorganizations
(3) Analysis of the tax treatment of
corporations and shareholders in corporate
acquisitions, divisions, reincorporations,
and recapitalizations, including a discussion
ofsection 338. Review of the net operating
loss carryover and collapsible
corporation rules. Additionalprerequisite:
TAXA 652.
TAXA 672 State and Local Taxation (3)
This course will explore federal constitutional
and statutory limitations on state
authority to tax a mulristate business.
Specific topics will include the Commerce
Clause, sales and use tax nexus, and PL 86­
272 limitations on state income taxation.
In addition, the course will cover apportionment
of income derived from a multistate
business and combined versus separate
entity reporting. Maryland state and local
taxation also will be examined briefly.
TAXA 674 Consolidated Corporations
(2) Analysis of the techniques used by multiple,
related corporations to report income
and losses. Detailed examination of the
consolidated income tax regulations and
consideration of other problems encountered
by affiliated groups ofcorporations.
Additionalprerequisite: TAXA 652.
TAXA 675 Advanced Real Estate
Taxation (2) Analysis of the effect of
income taxes on real estate transactions; a
comparison of the various entities used for
the ownership and development of real
estate; real estate syndications, basis and
basis adjustments; alternative financing
techniques such as the sale-leaseback;
depreciation, amortization and obsolescence;
passive activity and at-risk rules; and
REITS. Additionalprerequisite: TAXA 678.
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