Overview

There are no plans to offer this course in the academic year Fall 2020 to Summer 2021.

MBA ACCT-GB-2305 specializations: Corporate Finance, Accounting

Undergrad ACCT-UB-0064 concentration: Accounting

This course explains how taxes affect mergers, acquisitions, divestitures, valuation, capital structure, employee compensation, foreign operations, alternative investment vehicles, and deferred taxes including net operating losses. The course also covers the key provisions of the 2017 Tax Cuts and Jobs Act.

The course is highly relevant to those pursuing careers in investment banking, corporate finance, research, private and public equity, and corporate tax law.

Takeaways

Learn how taxes affect the following decisions:

Help and Office

Disclaimers

Materials

I will be providing extensive notes in class. You need not buy a book. I recommend the following book.

Exams and Grading

Schedule

Class Topic
1
  • Fundamentals of corporate taxation and core tax concepts
2
  • Tax disclosures in financial statements: Current versus deferred taxes
3
  • Choice of form and entity classification
  • Capital structure decisions
  • Formation of corporation and Section 351
4
  • Corporate income: Classification
  • Concept of Earnings and Profits
  • Consolidated versus separate tax returns
  • Inside versus outside basis
  • Taxation of shareholders
5
  • Non-liquidating distributions
  • Redemption distributions
  • Stock dividends
6
  • Liquidations
  • Sale of subsidiaries
7
  • Fundamentals of taxation of mergers and acquisitions
  • Asset purchase versus stock purchase
8
  • Section 338(g) election
  • Section 338(h)(10) election
  • Section 336 election
9
  • Non-taxable transactions
  • Section 368
  • Section 351
10
  • Tax Planning for Compensation
  • Stock compensation, Pensions, Health care

11
  • International taxation
  • GILTI, FDII, Participation Exemption, BEAT
  • Tax structuring
12
  • FINAL EXAM