2003-2005 - Special Collections - University of Baltimore

TAXA 678 Fundamentals of Federal
Income Taxation II (3) Continuation of
basic tax concepts including cash and
accrual methods, original issue discount
and imputed interests, below-market loans,
installment sales, like kind exchanges,
involuntary conversions, the at-risk rules,
and the passive loss rules.
TAXA 679 Welfare Benefit Plans (2)
Welfare benefit plans are employee-sponsored
plans that provide employees with
benefits other than pension and retirement
plans and deferred compensation. Welfare
benefit plans include life insurance, health
insurance, disability insurance, vacation
pay, severance pay, educational reimbursement,
group legal services, and dependent
assistance care plans. Course focuses on federal
income tax requirements for various welfare
benefit plans, including fringe benefits
and health care continuation coverage under
COBRA. Examination of the income tax
consequences to employers who sponsor, and
employees who participate in, welfare plan
benefits. Discussion of the various mechanisms
for offering welfare benefit plans, such
as cafeteria plans under section 125 and
VEBAs under section 501(c)(9).
TAXA 680 Advanced Qualified Pension
and Profit-Sharing Plans (3) Building on
the foundation provided by Qualified
Pension and Profit-Sharing Plans, this indepth
examination ofdefined contribution
and defined benefit plans includes current
IRS positions; final, proposed and temporary
regulations; and developing case law.
Tax sheltered annuities are considered.
Additionalprerequisite: TAXA 663.
186
TAXA 682 Bankruptcy Taxation (2) An
introduction to the basics of bankruptcy
law and creditors' rights and analysis of tax
issues that arise.
TAXA 683 Basics in Financial
Planning (3) The tax practitioner's perspective
on financial planning with a focus
on teaching students what a tax practitioner
needs to know about financial planning-not
training to become a financial
planner. Additionalprerequisite: TAXA 660.
TAXA 684 S-Corporations (1) Federal
income taxation of S-Corporations and
their shareholders with emphasis on the
creation of the S-Corporation, capital
structure, operational alternatives, distributions,
and liquidations.
TAXA 799 Independent Study (1-2)
Students may study an area of particular
interest to them, not covered in a significant
way elsewhere in the program, via an
independent study. To qualify, students
must submit a written proposal and obtain
the consent of a faculty member who
supervises the project. The proposal must
be approved by the supervising faculty
member and the program director.