Understanding corporate taxation

Lederman, Leandra author

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  • Creator 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
  • Format Books
  • Contributors
  • Publication
    • Third edition
    • Durham, North Carolina : Carolina Academic Press, [2016]
  • Series
  • Physical Details
    • xxv, 427, 4, 11, 8 pages : illustrations ; 25 cm
  • ISBNs 1632833948, 9781632833945, 9781632833952, 9781632833952
  • OCLC ocn929985495


  • "[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."--


  • Includes bibliographical references and index.


  • 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
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