Understanding Corporate Taxation, Third Edition

Synopsis

[this Books Makes] The Complex Subject Of Corporate Taxation [accessible]. The Book Starts With An Introductory Chapter That Discusses The Choice Of Business Form; The General Principle That Corporate Profits Are Subject To Double Taxation (once At The Corporate Level And Again At The Shareholder Level); And The Basics Of Anti-abuse Rules, Such As The Step-transaction Doctrine. Those Anti-abuse Rules Are Explored In More Detail In A Later Chapter, As Are Proposals To Partially Or Fully Eliminate Double Taxation. The Next Several Chapters Are Organized Using A Cradle-to-grave Approach That Traces The Life Cycle Of A Corporation, Beginning With Formation And Capitalization And Ending With Corporate 'death, ' Liquidation. Between Those Events, The Book Discusses Operational Issues, Including The Capital Structure Of A Corporation, Distributions Of Cash Or Property, Stock Redemptions, And Stock Dividends. After Corporate Liquidations, The Book Explores More Advanced Topics, Such As Taxable Stock Or Asset Acquisitions; Non-taxable Corporate Reorganizations And Divisions; The Carryover Of Tax Attributes (such As Net Operating Losses) Following Certain Non-recognition Transactions; And The Treatment Of Corporate Tax Shelters. In Addition, A Chapter Addresses The Taxation Of S Corporations, Which Generally Provides A Single-tax Paradigm. [this Book] Also Includes Discussion Of Relevant Cases.-- Introduction To Corporate Taxation -- Tax Consequences Of Transferring Property To A New Or Existing Controlled Corporation -- Capital Structure Of A Corporation -- Non-liquidating Distributions Of Property To Shareholders (dividends) -- Redemptions Of Stock -- Stock Dividends -- Corporate Liquidations And Taxable Acquisitions -- The Pass-through Regime Of Subchapter S -- Reorganizations : Overview -- Acquisitive Reorganizations -- Corporate Divisions -- Reorganizations Involving Only One Corporation -- Carryover Of Tax Attributes -- Anti-abuse Measures And Special Provisions -- Integration Of Corporate And Shareholder Taxes -- Corporate Tax Shelters. Leandra Lederman, William W. Oliver Professor Of Tax Law, Indiana University Maurer School Of Law, Bloomington; Michelle Kwon, Associate Professor Of Law, University Of Tennessee College Of Law. Includes Bibliographical References And Index.