Prentice Hall’s Federal
Taxation 2010: Corporations,
Partnerships, Estates, and Trusts
Kenneth E. Anderson Thomas R. Pope John L. Kramer
INSTRUCTOR’S GUIDE Caroline Strobel
Prentice HallBoston Columbus Indianapolis New York San Francisco Upper Saddle River
Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal TorontoDelhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
This work is protected by United States copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from it should never be made available to students except by instructors using the accompanying text in their classes. All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical purposes and the needs of other instructors who rely on these materials.
Publisher: Natalie Anderson Editorial Project Manager: Karen Kirincich Senior Managing Editor, Production: Cynthia Zonneveld Operations Specialist: Diane Peirano Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. ______________________________________________________________________________________ Copyright © 2010 by Pearson Education, Inc., Upper Saddle River, New Jersey, 07458. Pearson Prentice Hall. All rights reserved. Printed in the United States of America. This publication is protected by Copyright and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions Department. Pearson Prentice Hall™ is a trademark of Pearson Education, Inc. Pearson® is a registered trademark of Pearson plc Prentice Hall® is a registered trademark of Pearson Education, Inc. Pearson Education Ltd., London Pearson Education North Asia, Ltd., Hong Kong Pearson Education Singapore, Pte. Ltd Pearson Educación de Mexico, S.A. de C.V. Pearson Education, Canada, Inc. Pearson Education Malaysia, Pte. Ltd Pearson Education–Japan Pearson Education Upper Saddle River, New Jersey Pearson Education Australia PTY, Limited
10 9 8 7 6 5 4 3 2 1
ISBN: 978-0-13-611205-1ISBN: 0-13-611205-6
iii
TABLE OF CONTENTS
Preface P-1 Sample Syllabi C:S-1
Instructor Outlines (Ordered by Chapter No.) C:IO-1 Tax Form/Return Preparation Problems C:TRP-1
© 2010 Pearson Education Inc, publishing as Prentice Hall
P-1
PREFACE General
The text materials from Prentice-Hall's Federal Taxation, 2010: Corporations, Partnerships, Estates, and Trusts (Anderson, Pope, and Kramer) are principally designed for use in a second course in federal taxation for undergraduate or graduate accounting and business students.
With the inclusion of chapters on partnerships, S corporations, C corporations, estates and trusts, and gift and estate taxation, the text also can be used in a survey federal taxation course for undergraduate or graduate students.
The text also could be used in an introductory business entities course in law school to the extent the instructor prefers a more direct approach than the case method.
The text includes a full complement of supplementary and ancillary materials. We recommend that all adopters refer to the Preface to the text for the supplementary and ancillary materials provided to adopters. Many of these items are available to faculty and students at no charge. Adopters are encouraged to use these materials to enhance their teaching effectiveness and their students' learning experience. Sample Syllabi
This guide contains two sample syllabi for a one-term second tax course. It contains suggested reading and problem assignments that can be turned into a complete assignment sheet with only minimal work. Because the term is broken down into individual class sessions, either syllabus can be used for classes taught on the quarter system. Instructor Outlines
The instructor outline for each chapter includes: learning objectives, areas of greater significance, areas of lesser significance, problem areas for students, highlights of recent tax law changes, teaching tips, lecture outline, and a set of references to court are designed to be interesting and informative to the student. A summary description of each area is presented below. Learning Objectives
The materials for each chapter include the learning objectives for that chapter. This focus will be useful to the instructor and may be communicated to students to assist their study.
© 2010 Pearson Education Inc, publishing as Prentice Hall
P-2
Areas of Greater Significance
The materials for each chapter point out the areas of greater significance. This feature permits the instructor to allocate a greater share of class time and homework assignments to these areas. Areas of Lesser Significance
The materials for each chapter point out the areas of lesser significance. This feature permits the instructor to reduce the amount of class time and homework assignments devoted to these areas. Problem Areas for Students
The materials for each chapter detail areas in which students are likely to experience difficulty in learning and in retaining. Instructors may allocate more class time to these topics, while letting the student learn other topics directly from the text and problems. Highlights of Recent Tax Law Changes
Recent tax law changes are highlighted so that faculty members are aware of revisions that have modified the current edition of the text. Teaching Tips
Each lecture outline contains a series of teaching tips designed to improve an instructor's coverage or presentation of the materials in the chapter. Each of the teaching tips is keyed to a particular page in the chapter. Some of the teaching tips concern issues that might be added to the lecture outline at a particular point. Others are keyed to the method of presentation of a topical item or ancillary materials provided by Prentice Hall to make the learning process a better experience for the students. These teaching tips have been provided by the authors or instructors who are currently using the book. Lecture Outline
The lecture outlines for each chapter are organizational tools centered around the topics that could be covered in lecture discussions. Textual examples, tables, figures, and problems are referenced to the applicable topic. Microsoft Word files are available for the lecture outlines so that faculty members can use these outlines to develop their own lecture outlines.
© 2010 Pearson Education Inc, publishing as Prentice Hall
P-3
The lecture outline computer files are available on line at: http://www.prenhall.com/phtax. A password and userid are required and can be obtained from your Prentice Hall representative. If you do not know your Prentice Hall representative, you may call the Accounting and Tax Hotline at 1-800-227-1816 or email acctng&[email protected]. (You also may request the files to be sent via email.)
The lecture outlines are designed so the instructor could hand out copies to students to assist them in taking notes and subsequent study. Court Case Briefs
Each chapter contains references to and a brief annotation of a series of selected court cases. These cases are recommended as a way for faculty members to incorporate interesting illustrations into their lectures.
Solutions to Tax Form/Return Preparation Problems The authors have prepared solutions to the Tax Form/Return Preparation Problems for their chapters.
Final Remarks
We hope these materials are helpful when teaching with the Prentice-Hall's Federal Taxation, 2010: Corporations, Partnerships, Estates, and Trusts text. We would appreciate receiving any suggestions that you have for improving these or any other supplemental materials. Please send any error corrections or suggestions to one of the three editors. If you would like to obtain an immediate solution to your question or problem, please do not hesitate to contact the editors at:
Kenneth E. Anderson Thomas R. Pope John L. Kramer
Editor E-mail Phone Fax Kenneth E. Anderson [email protected] (865) 974-1753 (865) 974-4631 Thomas R. Pope [email protected] (859) 257-4794 (859) 257-3654
© 2010 Pearson Education Inc, publishing as Prentice Hall
C:S-1
SUGGESTED SYLLABUS STANDARD SECOND COURSE IN TAXATION - SEMESTER BASIS (12 Chapter course) Instructor: Class Time: Office: Class Location: Office Phone: Class Section: Office Hours: Texts: 1. Anderson, Pope, and Kramer, Prentice Hall's Federal Taxation 2010: Corporations,
Partnerships, Estates, and Trusts (Required). (APK).
2. Internal Revenue Code of 1986 (Optional) Course Description:
This course is directed at undergraduate and graduate accounting students who desire to obtain additional tax knowledge beyond the Federal Income Tax Accounting 1 course. It is designed to present a survey approach to the following topics: Tax Research, Corporate Taxation, Partnership Taxation, and International Taxation.
Course Objectives: 1. To enable the students to learn the fundamental concepts of the federal income tax system as
applied to entities other than individuals. 2. To enable the students to learn the fundamental concepts of tax research. 3. To apply the fundamentals learned in these two areas to problem situations likely to be
encountered in tax practice. Prerequisite: Problems:
A number of problems will be assigned during this term. Each problem involves an analysis and/or computation of a situation you might expect to encounter in public or industrial accounting when you leave school. The problems will not be collected but will form the basis for class discussion. Solutions to the problems will be placed in the library after the chapter is completed.
© 2010 Pearson Education Inc, publishing as Prentice Hall
C:S-2
Research Memo
A tax research question will be assigned. The problem involves researching a client-related problem. The memorandum will not exceed five pages in length.
Tax Returns:
A C corporation tax return (Form 1120) will be assigned. The return will be done in groups of two. You also will be required to complete a partnership tax return (Form 1065), an S Corporation tax return (Form 1120S), and Schedule K-1s for the owners after the appropriate topics have been covered.
Case Analysis Problems:
Two case analysis problems will be assigned. These will be broader analyses of business situations likely to be encountered in public accounting practice. The write-ups will involve use of tax research techniques as well as tax concepts learned during the discussions of the various topical areas (i.e., corporate and partnership taxation). Additional instructions will be provided at the time the cases are assigned.
Grades:
Assignments
Points
Class Participation Tax Returns:
C corporation Partnership S corporation
Tax Research Memo Case Analysis (20% each) Total
100 150 100 50 300 200 400 1000
Author's Note: No classes are scheduled on days that major assignments are due. These
days are used to give the students immediate feedback about the assignments that are being turned in. Adopters might choose to hold classes on those days and cover, in addition, Chapter C:15 [Administrative Procedures].
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-3
Dat
e
Wee
k 1
W
eek
2 W
eek
3
W
eek
4
Se
ssio
n
Num
ber
1
(50
min
s. ea
ch)
2
3
4
5
6
7
8
9
10
11
T
opic
In
trodu
ctio
n &
Tax
Res
earc
h Ta
x R
esea
rch
(con
tinue
d)
Tax
Res
earc
h (c
ontin
ued)
Ta
x R
esea
rch
(con
tinue
d)
**R
esea
rch
Mem
o A
ssig
ned*
* Fo
rmat
ion
of th
e C
orpo
ratio
n Fo
rmat
ion
of th
e C
orpo
ratio
n
(con
tinue
d)
Taxa
tion
of th
e C
orpo
ratio
n Ta
x R
ates
and
Con
trolle
d G
roup
s Pr
oced
ural
Mat
ters
and
Fin
anci
al
St
atem
ent I
mpl
icat
ions
**
Tax
Res
earc
h M
emo
Due
**
Non
liqui
datin
g D
istri
butio
ns
A
PK
C
hapt
er*
Non
e C
:1(p
p. 1
-14)
C
:1(p
p. 1
4-24
) C
:1(p
p. 2
5-36
) A
ppen
dix
A
C:2
(pp.
1-2
0)
C:2
(pp.
20-
34)
C:3
(pp.
1-2
2)
C:3
(pp.
22-
35)
C:3
(pp.
35-
54)
Non
e C
:4(p
p. 1
-13)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
N
one
N
one
N
one
N
one
35
1,35
8
362,
357,
1032
,165
(g),
12
44
63,1
70(a
)(2)
,170
(b)(
2),1
72(d
), 19
9,24
3(a)
,248
1,
267,
1561
(a),1
563(
a)
6655
, SFA
S N
o. 1
09
N
one
30
1,31
1,31
2(a)
-(b)
A
PK
Prob
lem
s N
one
C
:1-3
, C:1
-8, C
:1-9
, C
:1-1
0, C
:1-3
3, C
:1-3
6 C
:1-1
4, C
:1-2
0, C
:1-3
9 C
:1-4
3,C
:1-4
7, C
:1-4
9,
C:1
-51,
C:1
-56
C:2
-27,
C:2
-31,
C:2
-34
C:2
-44,
C:2
-45,
C:2
-50,
C
:2-5
1, C
:2-5
5, C
:2-5
6,
C:2
-57
C:3
-35,
C:3
-36,
C:3
-40,
C
:3-4
3 C
:3-4
8, C
:3-4
9, C
:3-5
2 C
:3-5
3 C
:3-5
7, C
:3-5
8,C
:3-5
9,
C:3
-61,
C:3
-62,
C:3
-63,
C
:3-6
5 N
one
C:4
-29,
C:4
-31,
C:4
-34
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-4
D
ate
W
eek
5
Wee
k 6
W
eek
7
Wee
k 8
Se
ssio
n
Num
ber
12
13
14
15
16
17
18
19
20
21
22
T
opic
St
ock
Div
iden
ds a
nd G
ener
al
Stoc
k R
edem
ptio
ns R
ules
Sp
ecia
l Rul
es
**C
Cor
pora
tion
Tax
Ret
urn
A
ssig
ned*
* O
ther
Cor
pora
te T
ax L
evie
s
-- A
MT
Oth
er C
orpo
rate
Tax
Lev
ies-
-
PHC
s and
A/E
Tax
Li
quid
atin
g D
istri
butio
ns-
Gen
eral
Liq
uida
tion
Liqu
idat
ing
Dis
tribu
tions
- C
ontro
lled
Subs
idia
ry C
orpo
ratio
n Ta
xabl
e an
d Ta
x-Fr
ee A
cqui
sitio
n Tr
ansa
ctio
ns
Acq
uisi
tive
Reo
rgan
izat
ions
: Ty
pe A
A
cqui
sitiv
e R
eorg
aniz
atio
ns:
Type
s C a
nd B
D
ivis
ive
Reo
rgan
izat
ions
: Typ
e D
**
C C
orpo
ratio
n Ta
x R
etur
n D
ue**
Ta
x-Fr
ee R
eorg
aniz
atio
ns:
Judi
cial
and
Oth
er C
once
pts
A
PK
C
hapt
er
C:4
(pp.
13-
23)
C:4
(pp.
23-
27)
C:5
(pp.
1-1
6)
C:5
(pp.
16-
35)
C:6
(pp.
1-1
0,
15-1
7)
C:6
(pp.
10-
14)
C:7
(pp.
1-1
3)
C:7
(pp.
14-
25)
C:7
(pp.
25-
33)
C:7
(pp.
33-
38)
C:7
(pp.
40-
43)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
30
2,30
5,30
7 3
02(e
), 3
03(a
)-(b
)
53,5
5-59
531-
533,
541-
543
33
1,33
6
332,
337
33
8
368,
354-
356,
361,
362(
b)
N
one
N
one
38
1(a)
-(b)
A
PK
Pr
oble
ms
C:4
-25,
C:4
-40,
C:4
-43,
C
:4-4
5 C
:4-4
6,C
:4-4
7,C
:4-4
8,
C:4
-51,
C:4
-58,
C:4
-59
C:5
-35,
C:5
-36,
C:5
-41,
C
:5-4
8 C
:5-6
3,C
:5-5
8,C
:5-6
1 C
:6-3
7,C
:6-4
1,C
:6-4
2 C
:6-4
4,C
:6-4
7,C
:6-4
8,
C:6
-54,
C:6
-55,
C:6
-56
C:7
-41,
C:7
-44,
C:7
-45
C:7
-47,
C:7
-49,
C:7
-51
C:7
-52,
C:7
-54,
C:7
-56,
C
:7-5
8 C
:7-6
1,C
:7-6
3 C
:7-6
8,C
:7-6
9
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-5
D
ate
Wee
k 9
Wee
k 10
W
eek
11
Wee
k 12
Se
ssio
n N
umbe
r
23
24
25
26
27
28
29
30
31
32
3
3
34
T
opic
C
onso
lidat
ed T
ax R
etur
ns
Con
solid
ated
Tax
Ret
urns
(con
tinue
d)
Con
solid
ated
Tax
Ret
urns
(con
tinue
d)
**C
ase
No.
1 A
ssig
ned*
* Pa
rtner
ship
For
mat
ion
Partn
ersh
ip O
pera
tions
Pa
rtner
ship
Ope
ratio
ns
Gua
rant
eed
Paym
ents
and
Fam
ily
Pa
rtner
ship
s Sp
ecia
l Par
tner
ship
Issu
es -
Non
liqui
datin
g D
istri
butio
ns
**C
ase
No.
1 D
ue**
Pa
rtner
ship
Liq
uida
ting
Dis
tribu
tions
and
Sal
e of
Inte
rest
O
ther
Dis
posi
tions
of a
n In
tere
st
**Pa
rtner
ship
Ret
urn
Ass
igne
d**
Spec
ial F
orm
s of P
artn
ersh
ip In
tere
sts
A
PK
C
hapt
er
C:8
(pp.
1-8
)
C
:8(p
p. 8
-19)
C
:8(p
p. 1
9-34
) C
:9(p
p. 1
-12)
C
:9(p
p. 1
2-21
) C
:9(p
p. 2
1-27
) C
:9(p
p. 2
7-31
) C
:10(
pp. 1
-11)
N
one
C:1
0(pp
. 11-
19,
26-2
9)
C:1
0(pp
. 19-
26)
C:1
0(pp
. 29-
35)
C
ode
Sect
ion
&
Rel
ated
Reg
ulat
ions
1501
-150
4
Non
e
Non
e
709,
721-
724
70
2-70
4,70
6
752
70
7,70
4(e)
731-
733
N
one
73
5,74
1,74
3,75
1,75
4
736
77
04, 7
71-7
77
A
PK
Pr
oble
ms
C:8
-30,
C:8
-31,
C:8
-35,
C
:8-3
6 C
:8-3
7, C
:8-4
1, C
:8-4
6,
C:8
-47
C:8
-48,
C:8
-51,
C:8
-52,
C
:8-6
5, C
:8-6
7 C
:9-2
6,C
:9-2
8 C
:9-3
0,C
:9-3
2,C
:9-3
3,
C:9
-34
C:9
-35,
C:9
-36,
C:9
-1,C
:9-
42,C
:9-4
6, C
:9-5
5, C
:9-
56
C:9
-48,
C:9
-50,
C:9
-52
C:1
0-26
,C:1
0-29
,C:1
0-31
, C:1
0-33
N
one
C:1
0-35
,C:1
0-36
, C:1
0-37
,C:1
0-52
, C:1
0-56
C
:10-
40,C
:10-
41, C
:10-
45,C
:10-
49, C
:10-
58
C:1
0-53
,C:1
0-54
,C:1
0-55
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-6
D
ate
Wee
k 13
W
eek
14
Fina
l Exa
m
Ses
sion
N
umbe
r
35
36
37
38
39
40
41
42
T
opic
S
Cor
pora
tions
- R
equi
rem
ents
and
Elec
tion
S C
orpo
ratio
ns -
Ope
ratio
ns
**Pa
rtner
ship
Ret
urn
Due
**
*Cas
e N
o. 2
Ass
igne
d*
S C
orpo
ratio
ns -
Bas
is a
nd L
oss
Pa
ssth
roug
hs
S C
orpo
ratio
ns -
Dis
tribu
tions
and
Oth
er
Rul
es
**S
Cor
pora
tion
Ret
urn
Ass
igne
d**
U
.S. T
axat
ion
of F
orei
gn-R
elat
ed
Tr
ansa
ctio
ns--
Bas
ic P
rinci
ples
U
.S. T
axat
ion
of F
orei
gn-R
elat
ed
Tr
ansa
ctio
ns--
Non
resi
dent
Alie
ns &
Fore
ign
Cor
pora
tions
U
.S. T
axat
ion
of F
orei
gn-R
elat
ed
Tr
ansa
ctio
ns--
CFC
s **
S C
orpo
ratio
n R
etur
n D
ue**
**
Cas
e N
o. 2
Due
**
A
PK
C
hapt
er
C:1
1(pp
. 1-1
3)
C:1
1(pp
. 13-
19)
Non
e C
:11(
pp. 1
9-27
) C
:11(
pp. 2
7-34
) C
:16(
pp. 1
-13)
C
:16(
pp. 1
4-18
) C
:16(
pp. 1
8-32
)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
13
61,1
362
13
63,1
374,
1375
,137
7,
13
78
N
one
13
66,1
367
13
68,1
371(
a),1
372
N
one
N
one
N
one
A
PK
Pr
oble
ms
C:1
1-29
,C:1
1-30
,C:1
1-31
C
:11-
34,C
:11-
35,C
:11-
36, C
:11-
37
Non
e C
:11-
45,C
:11-
46, C
:11-
57, C
:11-
59
C:1
1-50
,C:1
1-51
,C:1
1-54
,C:1
1-55
, C:1
1-61
, C
:11-
62
C:1
6-39
,C:1
6-40
,C:1
6-42
C
:16-
45,C
:16-
46,C
:16-
48
C:1
6-52
,C:1
6-53
,C:1
6-57
, C:1
6-58
.
*The
text
read
ing
incl
udes
the
appr
opria
te p
ortio
n of
the
tax
plan
ning
c
onsi
dera
tions
and
com
plia
nce
and
proc
edur
al c
onsi
dera
tions
sect
ions
of t
he c
hapt
er.
© 2010 Pearson Education Inc, publishing as Prentice Hall
C:S-7
SUGGESTED SYLLABUS STANDARD SECOND COURSE IN TAXATION - SEMESTER BASIS (14 Chapter course) Instructor: Class Time: Office: Class Location: Office Phone: Class Section: Office Hours: Texts: 1. Anderson, Pope, and Kramer, Prentice Hall's Federal Taxation 2010: Corporations,
Partnerships, Estates, and Trusts (Required). (APK).
2. Internal Revenue Code of 1986 (Optional)
Course Description:
This course is directed at undergraduate and graduate accounting students who desire to obtain additional tax knowledge beyond the Federal Income Tax Accounting I course. It is designed to present a survey approach to the following topics: Tax Research, Corporate Taxation, Partnership Taxation, Transfer Taxation, and Income Taxation of Estates and Trusts.
Course Objectives: 1. To enable the students to learn the fundamental concepts of the federal income tax system as
applied to entities other than individuals. 2. To enable the students to learn the fundamental concepts of tax research. 3. To apply the fundamentals learned in these two areas to problem situations likely to be
encountered in tax practice. Prerequisite: Problems:
A number of problems will be assigned during this term. Each problem involves an analysis and/or computation of a situation you might expect to encounter in public or industrial accounting when you leave school. The problems will not be collected but will form the basis for class discussion. Solutions to the problems will be placed in the library after the chapter is completed.
© 2010 Pearson Education Inc, publishing as Prentice Hall
C:S-8
Research Memo
A tax research question will be assigned. The problem involves researching a client-related problem. The memorandum will not exceed five pages in length.
Tax Returns:
A C corporation tax return (Form 1120) will be assigned. The return will be done in groups of two. You also will be required to complete a partnership tax return (Form 1065), and an S Corporation tax return (Form 1120S), and Schedule K-1s for the owners after the appropriate topics have been covered.
Case Analysis Problems:
Two case analysis problems will be assigned. These will be broader analyses of business situations, likely to be encountered in public accounting practice. The write-ups will involve use of tax research techniques as well as tax concepts learned during the discussions of the various topical areas (i.e., corporate and partnership taxation). Additional instructions will be provided at the time the cases are assigned.
Grades:
Assignments
Points
Class Participation Tax Returns:
C corporation Partnership S corporation
Tax Research Memo Case Analysis (20% each) Total
100 150 100 50 300 200 400 1000
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-9
Dat
e
Wee
k 1
W
eek
2 W
eek
3
W
eek
4
Se
ssio
n
Num
ber
1
(50
min
s. ea
ch)
2
3
4
5
6
7
8
9
10
11
T
opic
In
trodu
ctio
n &
Tax
Res
earc
h Ta
x R
esea
rch
(con
tinue
d)
Tax
Res
earc
h (c
ontin
ued)
Ta
x R
esea
rch
(con
tinue
d)
**Ta
x R
esea
rch
Mem
o A
ssig
ned*
* Fo
rmat
ion
of th
e C
orpo
ratio
n Fo
rmat
ion
of th
e C
orpo
ratio
n
(con
tinue
d)
Taxa
tion
of th
e C
orpo
ratio
n Ta
x R
ates
and
Con
trolle
d G
roup
s Pr
oced
ural
Mat
ters
and
Fin
anci
al
St
atem
ent I
mpl
icat
ions
**
Tax
Res
earc
h M
emo
Due
**
Non
liqui
datin
g D
istri
butio
ns
A
PK
C
hapt
er*
Non
e C
:1(p
p. 1
-14)
C
:1(p
p. 1
4-24
) C
:1(p
p. 2
5-36
) A
ppen
dix
A
C:2
(pp.
1-2
0)
C:2
(pp.
20-
34)
C:3
(pp.
1-2
2)
C:3
(pp.
22-
35)
C:3
(pp.
35-
54)
Non
e C
:4(p
p. 1
-13)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
N
one
N
one
N
one
N
one
35
1,35
8 36
2,35
7,10
32,1
65(g
), 12
44
63,1
70(a
)(2)
,170
(b)(
2),1
72(d
), 1
99, 2
43(a
),248
11
,267
,156
1(a)
,156
3(a)
66
55, S
FAS
No.
109
Non
e
301,
311,
312(
a)-(
b)
A
PK
Pr
oble
ms
Non
e
C:1
-3,C
:1-8
,C:1
-9,
C:1
-10,
C:1
-33,
C:1
-36
C:1
-14,
C:1
-20,
C:1
-39
C:1
-43,
C:1
-47,
C
:1-4
9,C
:1-5
1,C
:1-5
6 C
:2-2
7,C
:2-3
1,C
:2-3
4 C
:2-4
4,C
:2-4
5,C
:2-5
0,
C:2
-51,
C:2
-55,
C:2
-6,C
:2-
57
C:3
-35,
C:3
-36,
C:3
-40,
C
:3-4
3 C
:3-4
8,C
:3-4
9,C
:3-5
2,
C:3
-53
C:3
-57,
C:3
-58,
C:3
-59,
C
:3-6
1,C
:3-6
2,C
:3-6
3 C
:3-6
5 N
one
C:4
-29,
C:4
-31,
C:4
-34
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-1
0
D
ate
W
eek
5
Wee
k 6
W
eek
7
Wee
k 8
Se
ssio
n
Num
ber
12
13
14
15
16
17
18
19
20
21
22
23
T
opic
St
ock
Div
iden
ds a
nd G
ener
al
Sto
ck R
edem
ptio
ns R
ules
Sp
ecia
l Rul
es
**C
Cor
pora
tion
Tax
Ret
urn
A
ssig
ned*
* O
ther
Cor
pora
te T
ax L
evie
s
-- A
MT
Oth
er C
orpo
rate
Tax
Lev
ies-
-
PHC
s and
A/E
Tax
Li
quid
atin
g D
istri
butio
ns-
Gen
eral
Liq
uida
tion
Liqu
idat
ing
Dis
tribu
tions
- C
ontro
lled
Subs
idia
ry C
orpo
ratio
ns
Taxa
ble
and
Tax-
Free
Acq
uisi
tion
Tra
nsac
tions
A
cqui
sitiv
e R
eorg
aniz
atio
ns:
Type
A
Acq
uisi
tive
Reo
rgan
izat
ions
: Ty
pes C
a
nd B
D
ivis
ive
Reo
rgan
izat
ions
: Typ
e D
**
C C
orpo
ratio
n Ta
x R
etur
n D
ue**
Ta
x-Fr
ee R
eorg
aniz
atio
ns:
Judi
cial
and
Oth
er C
once
pts
A
PK
C
hapt
er
C:4
(pp.
13-
23)
C:4
(pp.
23-
27)
C:5
(pp.
1-1
6)
C:5
(pp.
16-
35)
C:6
(pp.
1-1
0,
15-1
7)
C:6
(pp.
10-
14)
C:7
(pp.
1-1
3)
C:7
(pp.
14-
25)
C:7
(pp.
25-
33)
C:7
(pp.
33-
38)
C:7
(pp.
40-
43)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
30
2,30
5,30
7
302(
e), 3
03(a
)-(b
)
53,5
5-59
531-
533,
541-
543
33
1,33
6
332,
337
33
8
368,
354-
56,3
61,3
62(b
)
Non
e
Non
e
381(
a)-(
b)
A
PK
Pr
oble
ms
C:4
-25,
C:4
-40,
C:4
-43,
C
:4-4
5 C
:4-4
6,C
:4-4
7,C
:4-4
8,
C:4
-51,
C:4
-58,
C:4
-59
C:5
-35,
C:5
-36,
C:5
-41,
C
:5-4
8 C
:5-6
3,C
:5-5
8,C
:5-6
1 C
:6-3
7,C
:6-4
1,C
:6-4
2 C
:6-4
4,C
:6-4
7,C
:6-4
8,
C:6
-54,
C:6
-55,
C:6
-56
C:7
-41,
C:7
-44,
C:7
-45
C:7
-47,
C:7
-48,
C:7
-51
C:7
-52,
C:7
-54,
C:7
-56,
C
:7-5
8 C
:7-6
1,C
:7-6
3 C
:7-6
8,C
:7-6
9
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-1
1
D
ate
Wee
k 9
Wee
k 10
W
eek
11
Wee
k 12
Se
ssio
n N
umbe
r
24
25
26
27
28
29
30
31
32
33
34
35
T
opic
C
onso
lidat
ed T
ax R
etur
ns
Con
solid
ated
Tax
Ret
urns
(con
tinue
d)
Con
solid
ated
Tax
Ret
urns
(con
tinue
d)
**C
ase
No.
1 A
ssig
ned*
* Pa
rtner
ship
For
mat
ion
Partn
ersh
ip O
pera
tions
Pa
rtner
ship
Ope
ratio
ns
Gua
rant
eed
Paym
ents
and
Fam
ily
Pa
rtner
ship
s Sp
ecia
l Par
tner
ship
Issu
es -
Non
liqui
datin
g D
istri
butio
ns
Partn
ersh
ip L
iqui
datin
g D
istri
butio
ns a
nd
S
ale
of In
tere
st
**C
ase
No.
1 D
ue**
O
ther
Dis
posi
tions
of a
n In
tere
st
**Pa
rtner
ship
Ret
urn
Ass
igne
d**
Spec
ial F
orm
s of P
artn
ersh
ip In
tere
sts
A
PK
C
hapt
er
C:8
(pp.
1-8
)
C:8
(pp.
8-1
9)
C:8
(pp.
19-
34)
C:9
(pp.
1-1
2)
C:9
(pp.
12-
21)
C:9
(pp.
21-
27)
C:9
(pp.
27-
31)
C:1
0(pp
. 1-1
1)
C:1
0(pp
. 11-
19,2
6-29
) N
one
C:1
0(pp
. 19-
26)
C:1
0(pp
. 29-
35)
C
ode
Sect
ion
&
Rel
ated
Reg
ulat
ions
1501
-150
4
Non
e
Non
e
709,
721-
724
70
2-70
4,70
6
752
707
,704
(e)
731
-733
7
35,7
41,7
43,7
51,7
54
73
6
7704
,771
-777
A
PK
Pr
oble
ms
C:8
-30,
C:8
-31,
C:8
-35
,C:8
-36
C8:
37, C
:8-4
1, C
:8-4
6,
C:8
-47
C:8
-48,
C:8
-51,
C:8
-52,
C
:8-5
9, C
:8-6
5,C
:8-6
7 C
:9-2
6,C
:9-2
8 C
:9-3
0,C
:9-3
2,C
:9-3
3,
C:9
-34
C:9
-35,
C:9
-36,
C:9
-41,
C
:9-4
2,C
:9-4
6,C
:9-5
5,
C:9
-56
C:9
-48,
C:9
-50,
C:9
-52
C:1
0-26
,C:1
0-29
,C:1
0-31
, C:1
0-33
C
:10-
35,C
:10-
36,C
:10-
37,C
:10-
52,C
:10-
56
Non
e C
:10-
40,C
:10-
41,C
:10-
45,C
:10-
49,C
:10-
58
C:1
0-53
,C:1
0-54
,C:1
0-55
© 2010 Pearson Education Inc, publishing as Prentice Hall
C
:S-1
2
D
ate
W
eek
13
W
eek
14
W
eek
15
Fin
al E
xam
Ses
sion
N
umbe
r
36
37
38
39
40
41
42
43
44
45
T
opic
S
Cor
pora
tions
- R
equi
rem
ents
and
Elec
tion
S C
orpo
ratio
ns -
Ope
ratio
ns
S C
orpo
ratio
ns-B
asis
and
Los
s Pas
sthr
ough
s **
Partn
ersh
ip R
etur
n D
ue**
S
Cor
pora
tions
-Dis
tribu
tion
and
Oth
er
Con
cept
s **
S C
orpo
ratio
n R
etur
n A
ssig
ned*
* G
ift T
axes
-Cal
cula
tion
of T
rans
fer T
ax B
ase
Gift
Tax
es-C
alcu
latio
n of
Tax
Lia
bilit
y **
Cas
e N
o. 2
Ass
igne
d**
Esta
te T
axes
-Cal
cula
tion
of T
rans
fer T
ax
B
ase
Esta
te T
axes
-Cal
cula
tion
of T
ax L
iabi
lity
Inco
me
Taxa
tion
of T
rust
s & E
stat
es
**S
Cor
pora
tion
Ret
urn
Due
**
Inco
me
Taxe
s of T
rust
s & E
stat
es
(c
ontin
ued)
**
Cas
e N
o. 2
Due
**
A
PK
C
hapt
er
11(
pp. 1
-13)
1
1(pp
. 13-
19)
11(
pp. 1
9-27
) 1
1(pp
. 27-
34)
C:1
2(pp
. 1-2
3)
C:1
2(pp
. 23-
28)
C:1
3(pp
. 1-2
2)
C:1
3(pp
. 23-
27)
C:1
4(pp
. 1-1
9)
C:1
4(pp
. 19-
33)
C
ode
Sect
ion
&
R
elat
ed R
egul
atio
ns
13
61,1
362
1363
,137
4,13
75,1
377,
1378
1366
,136
7
1368
,137
1(a)
,137
2
2501
-250
5
Non
e
2031
,203
2
2001
,201
0,20
11
64
1-64
5
Non
e
A
PK
Pr
oble
ms
C:1
1-29
,C:1
1-30
,C:1
1-31
C
:11-
34,C
:11-
35,C
:11-
36, C
:11-
37
C:1
1-45
,C:1
1-46
,C:1
1-57
, C:1
1-59
C
:11-
50,C
:11-
51,C
:11-
54,C
:11-
55,C
:11-
61,C
:11-
62
C:1
2-6,
C:1
2-35
C
:12-
20,C
:12-
41,C
:12-
49,C
:12-
55
C:1
3-5,
C:1
3-35
,C:1
3-36
C
:13-
52,C
:13-
56,C
:13-
58
C:1
4-33
,C:1
4-35
C
:14-
38,C
:14-
39,C
:14-
44, C
:14-
51,C
:14-
52
*The
text
read
ing
incl
udes
the
appr
opria
te p
ortio
n of
the
tax
plan
ning
/con
side
ratio
ns a
nd c
ompl
ianc
e an
d pr
oced
ural
con
side
ratio
ns se
ctio
ns o
f the
cha
pter
.
© 2010 Pearson Education Inc, publishing as Prentice Hall