Taxation II: Taxation of Business Enterprises
LAW 697 Section 1
Deborah A. Geier
Required Texts
(1) Taxation of Business Enterprises by Peroni & Bank (Thomson West 4th ed. 2012) ISBN 978-0-314-19487-9
(2) Access to the Internal Revenue Code & Regulations. In class, I shall be using Selected Federal Taxation—Statutes and Regulations (West 2018 ed.) ISBN 978-1-68328-807-7. For those without a hard copy of the Code and Regs in class, you can simply type the code section (e.g., IRC 61) or treasury regulation (e.g., TR 1.61-2) into your browser’s search box, and the first item to come up will be the Legal Information Institute’s version of the code section or regulation. The LII is hosted by Cornell law school, and it is the source that I used for the hyperlinks in my e-textbook for the Tax I course.
You will not be able to access the internet or your hard drive during the final exam, however, so those of you choosing online access may wish to print out some of the Code sections and Treasury Regulations that you wish to have with you during the final exam.
Optional Texts
I do not believe that any supplemental texts are necessary, but I know that there are some students who just do not feel comfortable without them. Hence, if you are going to spend money on them, I believe that the ones listed below are the most useful. They are relatively slim paperback “student treatises.” I do not assign material from them, but those students who buy them can read the corresponding pages covering a particular topic as a supplement to the required textbook if it makes them feel better. ; )
Corporate Taxation: Examples & Explanations by Block (Aspen 4th ed. 2010) ISBN 978-0-7355-8872-1
Partnership Income Taxation by Lyons & Repetti (Foundation Press 5th ed. 2011) ISBN 978-1-59941-382-2
Taxation of S Corporations by Kahn, Kahn, & Perris (Thomson West 2008) ISBN 978-0-314-18492-4
First Class Assigment
pages 1-5 and 15-19 of Taxation of Business Enterprises, pages 39-42 of Deborah A. Geier, Federal Income Taxation of Individuals 2018, pertaining to the new § 199A deduction for income from certain sole proprietorships and pass-through entities, which was enacted as part of the Tax Cuts and Jobs Act signed in late December 2017. You can download it at: https://www.cali.org/books/us-federal-income-taxation-individuals