{"id":76,"date":"2014-11-11T18:08:43","date_gmt":"2014-11-11T18:08:43","guid":{"rendered":"http:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/?page_id=76"},"modified":"2017-05-09T03:30:41","modified_gmt":"2017-05-09T03:30:41","slug":"acct-6120","status":"publish","type":"page","link":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/acct-6120\/","title":{"rendered":"ACCT 6120"},"content":{"rendered":"

Recently posted files.<\/strong><\/h1>\n

C16-Chap-00-Tst-4-Exm-Prb-May-2-2016-POST-May-2-2017<\/a><\/strong><\/p>\n

C16-Chap-00-Tst-4-Exm-Sol-May-2-2016-POST-May-2-2017<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-00-Sample Tax Memo – by a student in the Tax Research Class<\/a><\/strong><\/p>\n

C17-Chp-00-Code-Organization-Chart-and-CPA Exam Contents<\/a><\/strong><\/p>\n

C17-Chap-00-DELOITTE-tax_research_guide<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-00-Tst-3-Exm-Prb-for Spring-2017<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-08-one-page-review-handout<\/a><\/strong><\/h1>\n

C16-Chap-00-Tst-3-Exm-Prb-2016–POST-for Spring-2017-Final<\/a><\/strong><\/p>\n

C16-Chap-00-Tst-3-Exm-Sol-2016–POST-for-Spring-2017-Final<\/a><\/strong><\/p>\n

For Question no. 3 above (Excel line 20), Gain recognized is incorrectly shown as $3,000. Should be $0.<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

<\/h1>\n

C17-Chap-04-4-CPA Exams-Corp-PHC-etc-SOLUTIONS-old<\/a><\/strong><\/h1>\n

 <\/p>\n

C17-Chap-06-Provision for Income Taxes-Apple<\/a><\/strong><\/h1>\n

<\/h1>\n

 <\/p>\n

2017-CPA-Exam-Blueprints-Feb-3-2017-from-State-BOARD<\/a><\/strong><\/h1>\n

C17-Chap-00-Tst-1-Exam-PRB-WORD-Feb-1-2017-Feb-2-POST<\/a><\/strong><\/h1>\n

 <\/p>\n

The following file has class plans for Spring-2017.<\/h1>\n

C17-Chap-00-1-Corp-Class-Plans-Spring-2017<\/a><\/h1>\n

ACCT-6120-U01-Day-Syllabus-UNC-Charlotte-Spring-2017-Godfrey<\/a><\/strong><\/p>\n

ACCT-6120-U90-Night-Syllabus-UNC-Charlotte-Spring-2017-Godfrey<\/a><\/strong><\/p>\n

T16F-Chap-00-Accounting-for-Income-Taxes-by-Godfrey-Duong-Humphries<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-01-Lecture Materials for Chapter 1–Jan-11-2017. pdf<\/a><\/strong><\/p>\n

C17-Chap-01-3-Accounting Methods-Cash and Accrual<\/a><\/h1>\n

C17-Chap-02-1D-Property-Deprec-INSTRUCTOR-PPt-Handout-Jan-17-2017-POST<\/a><\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

TEST NO. 1 GIVEN IN SPRING SEMESTER-2016<\/strong><\/p>\n

C16-Chap-00-Tst-1-Exam-PRB-WORD-Feb-3-2016-POST<\/a><\/strong><\/p>\n

C16-Chap-00-Tst-1-Exam-SOL-EXCEL-Feb-3-2016-POST<\/a><\/strong><\/p>\n

NOTE, THE TEST HAS NOT BEEN UPDATED TO 2017.<\/strong><\/p>\n

CHANGES IN THIS COURSE ARE MAINLY CAUSED BY ANNUAL<\/strong><\/p>\n

\u00a0 INFLATION ADJUSTMENTS FOR INDIVIDUAL TAX RATES, ETC.<\/strong><\/p>\n

 <\/p>\n

T17S-Chap-00-Accounting for Income Tax-Godfrey-Jan-11-2017<\/a><\/strong><\/p>\n

Lowes_2015-Annual-Report-Ending-Jan-2016-Short<\/a><\/strong><\/span><\/h1>\n

The file above has a few pages from the latest Lowe’s annual report. The file requires the instructor’s usual password. These pages will be part of a set of lecture materials to be distributed to all class members in our first Corporate Tax class. You will note that many of the sentences in this document have been highlighted in yellow.<\/h1>\n

If you are (or will be) in auditing, financial accounting, or tax,\u00a0(or will be taking the CPA Exam)\u00a0you will certainly want to make sure you understand GAAP rules and tax rules (if different) for the highlighted items.<\/h1>\n

Usually, many students have not used financial statement information for analysis of this type – so many students often require some explanation from the instructor – particularly the tax rules that were not covered in your earlier course(s). The instructor will provide that explanation. This is important because we must identify book-tax differences in order to compute the amount of deferred tax assets, deferred tax liabilities and deferred tax expense or benefit.<\/h1>\n

C17-Chp-00-Tax-Accounting-First-Class-Exercises-for-Jan-11-2017<\/a><\/strong><\/p>\n

Lowes-2015-Annual-Report-Year-Ending-in-2016<\/a><\/strong><\/p>\n

<\/h1>\n

Welcome to Acct 6120-Taxation of Corporations and their Shareholders.<\/strong><\/h1>\n

This webpage has files for the course taught in\u00a0Spring Semester, 2016, which are being updated to 2017.<\/h1>\n

For example, the syllabus shown below is for 2016.<\/h1>\n

The syllabus will be updated, and the updates will consist mainly of changing dates from 2016 to 2017..<\/h1>\n

ACCT-6120-U90-Night-Syllabus-UNC-Charlotte-Spring-2016-Godfrey<\/a><\/p>\n

Access to tax law:<\/span><\/strong><\/p>\n

https:\/\/www.law.cornell.edu\/uscode\/text<\/p>\n

The link above will get you quickly to the Internal Revenue Code. Enter title 26 and your section no. ___.\u00a0 And it is free.<\/p>\n

https:\/\/intelliconnect.cch.com<\/p>\n

We will soon be sending you passwords for the link above (CCH tax service)
\nThe University pays for the right for you to use the link above.<\/p>\n

 <\/p>\n

This website\u00a0is being\u00a0revised, one chapter at a time. <\/strong><\/p>\n

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX<\/span><\/p>\n

We will study tax law from the textbook and from the Internal Revenue Code (and related regulations). You can use the Internal Revenue Code on the CPA Exam, and we want to make\u00a0the Internal Revenue Code become\u00a0our friend in this class.<\/p>\n

The following link can be used to quickly access the code. With a little practice, you can enter the Title (Title 26 for the Internal Revenue Code) and the section number – and quickly have access to the Code.<\/p>\n

https:\/\/www.law.cornell.edu\/uscode\/text<\/p>\n

All students will be given a password to enable them to use the CCH tax service.<\/p>\n

The address for that site is:<\/p>\n

https:\/\/intelliconnect.cch.com\/<\/p>\n

Chapter 1. Business Income, Deductions and Accounting Methods-2017.\u00a0<\/strong><\/span><\/h1>\n

C17-Chap-01-9-Income-Deduct-Methods-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C17-Chap-01-1B-Bus-Income-Deductions-Acct-Methods-Inst-Powerpoints-Dec-26-2016<\/a><\/strong><\/p>\n

Note, the Instructor file above was updated on December 26, 2016.<\/strong><\/p>\n

 <\/p>\n

C17-Chap-01-2-Homework-Prb-Bus-Income-Deduct-Methods-Word-2017-Dec-19-1-36pm<\/a><\/strong><\/p>\n

C17-Chap-01-2-Homework-Sol-Bus-Income-Deduct-Methods-Word-2017-Dec-19-1-36pm<\/a><\/strong><\/p>\n

C17-Chap-01-2-Homework-Sol-Bus-Income-Deduct-Methods-Excel-2017-Dec-19-1-36pm<\/a><\/strong><\/p>\n

 <\/p>\n

Chapter 2.-Property Acquisition and Cost Recovery-2017.\u00a0<\/strong><\/span><\/h1>\n

C17-Chap-02-9-Property-Cost-Recovery-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C16-Chap-02-1B-Property-Cost-Recovery-INSTRUCTOR-PowerPoints-2016<\/a><\/p>\n

C16-Chap-02-1C-Property-Depreciation-INSTRUCTOR-POWERPOINTS-Dec-23-2015<\/a><\/p>\n

C16-Chap-02-Class-Lecture-Materials-Jan-19-Final<\/a><\/strong><\/p>\n

 <\/p>\n

Cases in the following file will be explained by instructor in class<\/strong><\/p>\n

C16-Chap-02-3-Depreciation-Amortization-Cases-Jan-16-2016<\/a><\/p>\n

Extra Homework Questions<\/strong><\/p>\n

C17-Chap-02-2-Homework-Acquisitions-Deprec-Prb-Word-2017-Dec-20<\/a><\/strong><\/p>\n

C17-Chap-02-2-Homework-Acquisitions-Deprec-Sol-Word-2017-Dec-20<\/a><\/strong><\/p>\n

C17-Chap-02-2-Homework-Acquisitions-Deprec-Sol-Excel-2017-Dec-20<\/a><\/strong><\/p>\n

 <\/p>\n

Chapter 3.-Property-Dispositions-2017.\u00a0<\/strong><\/span><\/h1>\n

C17-Chap-03-9-Property-Dispositions-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C16-Chap-03-1B-Property-Disposition-Assets-etc-INST-POWERPOINTS-Dec-23-2015<\/a><\/p>\n

C16-Chap-03-1C-Property-Disposition-INST-POWERPOINTS-Dec-23-2015<\/a><\/p>\n

C17-Chap-03-2-Homework-Dispositions-Prb-Word-2017-Dec-20-2016<\/a><\/strong><\/p>\n

C17-Chap-03-2-Homework-Dispositions-Sol-Word-2017-Dec-20<\/a>-2016<\/strong><\/p>\n

C17-Chap-03-2-Homework-Dispositions-Sol-Excel-2017-Dec-20-2016<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-03-CLASS-LECTURE-MATERIALS-POST-2017-Jan-22<\/a><\/strong><\/span><\/p>\n

 <\/p>\n

 <\/p>\n

Chapter 4.-Entities-Overview-2017.<\/strong><\/span><\/h1>\n

C17-Chap-04-9-Entities-Overview-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C16-Chap-04-1B-Entities-Overview-INST-POWERPOINTS-Dec-24-2015<\/a><\/p>\n

C17-Chap-04-Class-LECTURE-Materials-Jan-31-2017<\/a><\/strong><\/p>\n

The textbook does not include rules for the Personal Holding Company tax
\nor the Accumulated Earnings Tax. This lecture file has some illustrations and
\nsome sample CPA Exam questions on those topics.
\nAlso, a list of the main code sections covered in this course.<\/p>\n

 <\/p>\n

C17-Chap-04-2-Homework-PRB-WORD-Feb-2-2017<\/a><\/strong><\/p>\n

C17-Chap-04-2-Homework-SOL-WORD-Feb-2-2017<\/a><\/strong><\/p>\n

C17-Chap-04-2-Homework-SOL-EXCEL-Feb-2-2017<\/a><\/strong><\/p>\n

 <\/p>\n

C17-Chap-04-2A-Homework-PRB-WORD-PHC-AET-Feb-3-2017<\/a><\/strong><\/p>\n

C17-Chap-04-2A-Homework-SOL-WORD-PHC-AET-Feb-3-2017<\/a><\/strong><\/p>\n

C17-Chap-04-2A-Homework-SOL-EXCEL-PHC-AET-Feb-3-2017<\/a><\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

C16-Chap-04-4-CPA Exams-Corp-PHC-etc-old<\/a><\/p>\n

You will note that the AICPA repeated a lot of AET or PHC questions on successive exams.<\/p>\n

Please study the attached 1-page case, with
\ncorporate tax return, etc.<\/p>\n

C15-Chap-04-Rich-Corporation-Case-with-1120-Final<\/a><\/strong><\/p>\n

Please compute the amount of additional tax burden (total
\nindividual and corporate tax) assuming, Ms. Rich:
\n1. Decides to take a $10,000 bonus.
\n2. Decides to take a $10,000 dividend, and no bonus.
\n3. Elected S status for the year.<\/p>\n

The next file was\u00a0updated for 2014 on January 10, 2014.
\nC14-Chp-03-1B-PHC-and-Accum-Earn-Tax-2014<\/span><\/u><\/a><\/p>\n

 <\/p>\n

CPS5-08-91-Knight Furniture-TCM-2001-19- Accumulated earnings tax<\/span><\/u><\/a><\/p>\n

Please explain why DR Horton (the largest homebuilder in the U.S.)\u00a0might have been\u00a0in a hurry to sell this land at a $100 million loss.<\/p>\n

C16-Chp-00-1-Horton-selling-lots-for-tax-loss-2008<\/a><\/strong><\/p>\n

 <\/p>\n

Chapter 5.-Corporate-Operations-2017.<\/strong><\/span><\/h1>\n

C17-Chap-05-9-Corporate-Operations-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

The Class lecture materials are posted here.<\/p>\n

C17-Chap-05-LECTURE-MATERIALS-Parts-1-and-2-Feb-5-2017<\/a><\/strong><\/p>\n

C16-Chp-05-3-AMT-Worksheet<\/a><\/strong><\/p>\n

 <\/p>\n

C16-Chp-05-1B-Corp-Tax-Law-2016-INSTRUCTOR-POWERPOINT-Dec-22-2015<\/a><\/p>\n

C16-Chp-05-1C-Reconcile-Book-Tax-Income-INSTRUCTOR-POWERPOINTS-Dec-22-2015<\/a><\/p>\n

Note to student. The PowerPoint files (above) contain summaries of many important rules, and many illustrative problems.
\nYou will find that the problems (and solutions) in the PowerPoint files may be very similar, or identical, to many\u00a0supplementary homework problems.<\/p>\n

Homework-Part 1<\/strong><\/p>\n

C17-Chap-05-2-Homework-PRB-Corp-Tax-WORD-Part-1-Feb-5-2017<\/a><\/strong><\/p>\n

C17-Chap-05-2-Homework-SOL-Corp-Tax-WORD-Part-1-Feb-5-2017<\/a><\/strong><\/p>\n

C17-Chap-05-2-Homework-SOL-Corp-Tax-EXCEL-Part-1-Feb-5-2017<\/a><\/strong><\/p>\n

Homework-Part 2<\/b><\/p>\n

C17-Chap-05-2A-Homework-PRB-WORD-AMT-Part-2-Feb-2-2017<\/a><\/strong><\/p>\n

C17-Chap-05-2A-Homework-SOL-WORD-AMT-Part-2-Feb-2-2017<\/a><\/strong><\/p>\n

C17-Chap-05-2A-Homework-SOL-EXCEL-AMT-Part-2-Feb-3-2017<\/a><\/strong><\/p>\n

 <\/p>\n

C16-Chap-05-8-Schedule-M-Items-Dec-21-2015<\/a><\/p>\n

Consolidated return regulations are “Legislative Regulations,” because Congress gave\u00a0 almost no guidance in the Code, and gave Treasury the authority to write\u00a0 the law in the regulations. Thus: Legislative Regulations.
\nEnron’s consolidated Federal income tax filings<\/strong>
\nEnron Corp. is a calendar year taxpayer that uses the accrual basis method of accounting for Federal income tax purposes. Enron Corp. filed consolidated Federal income tax returns in which it reported the consolidated taxable income of its affiliated group within the meaning of section 1504(a). Enron reported 346 entities as members of its affiliated group in its 2000 tax return. Enron’s consolidated group also includes numerous single member limited liability companies that Enron treated as disregarded entities for Federal income tax purposes.<\/p>\n

 <\/p>\n

Chapter 6.-Accounting for Income Tax-2017.<\/strong><\/span><\/h1>\n

C17-Chap-06-9-Acct-for-Income-Tax-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C17-Chap-06-Lecture-Materials-Feb-11-2017<\/a><\/strong><\/p>\n

C17-Chap-06-2-Homework-PRB-WORD-Acct-for-Income-Tax-Feb-11-2017<\/a><\/strong><\/p>\n

C17-Chap-06-2-Homework-SOL-WORD-Acct-for-Income-Tax-Feb-11-2017<\/a><\/strong><\/p>\n

C17-Chap-06-2-Homework-SOL-EXCEL-Acct-for-Income-Tax-Feb-11-2017<\/a><\/strong><\/p>\n

C16-Chap-06-Chapter-6-Connect-Problem-No-78 (3)<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

C16-Chap-6-7- Acct for Income Tax Expense-Problem<\/a><\/p>\n

 <\/p>\n

C17-Chap-06-Selection of Tax Footnotes For Class Discussion<\/a><\/strong><\/p>\n

 <\/p>\n

Chapter 7.-Non-Liquidating Distributions-2017.<\/strong><\/span><\/h1>\n

C17-Chap-07-9-Non-Liquid-Distributions-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

C17-Chap-07-1-Lecture-Materials-Parts-1-and-2-March-1-2017<\/a><\/strong><\/p>\n

Homework<\/strong><\/p>\n

C17-Chap-07-2-Homework-Sol-Dividends-February-12-2017<\/a><\/strong><\/p>\n

C17-Chap-07-2-Homework-Sol-Dividends-February-12-2017<\/a><\/strong><\/p>\n

C16-Chap-07-2-Homework-Sol-Dividends-EXCEL-March-04-2016<\/a><\/p>\n

The Chapter 7 Excel solution files for 2016 are not changed for 2017. They are current.<\/p>\n

C16-Chap-07-2-pt2-Homework-PRB-Redeem-March-04-2016<\/a><\/p>\n

C16-Chap-07-2-pt2-Homework-Sol-Redeem-March-04-2016<\/a><\/p>\n

C16-Chap-07-2-Pt-2-Homework-Sol-EXCEL-Redemptions-March-04-2016<\/a><\/p>\n

C14-Chp-05-5-CPA Exams-Corp-Dividends<\/span><\/u><\/a>
\nCPS6-04-60-Medlin-TCM-1998-378-Divorce-Const Dividends<\/span><\/u><\/a>
\nCPS6-04-61-Menard-TC Memo. 2005-3<\/span><\/u><\/a><\/p>\n

The following is an interesting article about a letter ruling regarding stock warrants (options?). It is from RSM (McGladrey was its prior name)<\/p>\n

RSM-private letter ruling 201610006-Warrants<\/a><\/p>\n

 <\/p>\n

Chapter 8.-Reorganizations and Liquidations-2017<\/strong><\/span><\/h1>\n

C17-Chap-08-9-Corporate-Form-Reorg-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

 <\/p>\n

 <\/p>\n

C17-Chap-08-1ABC-Lecture-Materials-Entire-Chapter-March-22-2017<\/a><\/strong><\/span><\/p>\n

    \n
  1. The file above is very long, for several reasons.<\/li>\n<\/ol>\n

    2. Material in this one chapter is covered in 3 separate chapters in a traditional textbook.<\/p>\n

    3. Instructor has provided sample problems, and in many cases, extra pages with solutions.<\/p>\n

    4. Instructor has provided some details about two well-know mergers.<\/p>\n

    5. Most students will not need to study all of this material for Chapter 8.<\/p>\n

    6. Instructor will provide a one-page guide for studying the most important parts.<\/p>\n

     <\/p>\n

    Homework<\/strong><\/p>\n

    C17-Chap-08-2A-Homework-Prb-Corp-Organ-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2A-Homework-Sol-Corp-Organ-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2A-Homework-Sol-Corp-Organ-EXCEL-Feb-23-2017<\/a><\/strong><\/p>\n

     <\/p>\n

    C17-Chap-08-2B-Homework-Prb-Reorganizations-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2B-Homework-Sol-Reorganizations-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2B-Homework-Sol-Reorganizations-EXCEL-Feb-23–2017<\/a><\/strong><\/p>\n

     <\/p>\n

    C17-Chap-08-2C-Homework-Prb-Liquidations-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2C-Homework-Sol-Liquidations-Feb-23-2017<\/a><\/strong><\/p>\n

    C17-Chap-08-2C-Homework-Sol-Liquidations-EXCEL-Feb-23-2017<\/a><\/strong><\/p>\n

     <\/p>\n

     <\/p>\n

    C17-Chap-08-7-CCORP-NovaCare-CorpReorganization-2002<\/a><\/strong><\/p>\n

    <\/h1>\n

    Chapter 9.-Forming and Operating Partnerships-2017.<\/strong><\/span><\/h1>\n

    C17-Chap-09-9-Form-Operate-Partnership-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

    C16-Chap-09-1B-Ptshp-Formation-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C16-Chap-09-1C-Ptshp-Operations-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C16-Chap-09-1D-Lecture-File-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C17-Chap-09-1-Lecture-Materials-March-29-2017-POST<\/a><\/strong><\/p>\n

    C17-Chap-09-1-Corp-Excel-Problems-Class-Lecture-Sol-Apr-04-2017-CURRENT<\/a><\/strong><\/p>\n

    The files below contain supplemental homework that was updated last year.
    \n<\/strong>The files are not being changed this year, so they are our current files.<\/strong><\/p>\n

    C16-Chap-09-2-Homework-Prb-Partnerships-March-6-2016<\/a><\/strong><\/p>\n

    C16-Chap-09-2-Homework-Sol-Partnerships-March-6-2016<\/a><\/strong><\/p>\n

    C16-Chap-09-2-Homework-Sol-Partnerships-EXCEL-March-25-2016<\/a><\/strong><\/p>\n

    Reg. 1.702-1(a)(8)(ii) “Each partner must also take into account separately the partner’s distributive share of any partnership item which, if separately taken into account by any partner, would result in an income tax liability for that partner, or for any other person, different from that which would result if that partner did not take the item into account separately.”<\/p>\n

     <\/p>\n

    Chapter 10.-Dispositions of Partnership Interests and Partnerhip Distributions-2017.<\/strong><\/span><\/h1>\n

    C17-Chap-10-9-Ptshp-Distributions-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

    C16-Chap-10-1B-Ptshp-Distributions-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C16-Chap-10-1C-Ptshp-Sec-751-etc-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

     <\/p>\n

    C17-Chap-10-1-Partnership-Changes-Lecture-Materials-Post-March-27<\/a><\/span><\/strong><\/p>\n

    C17-Chap-10-1-Corp-Excel-Problems-Class-Lecture-Sol-Apr-04-2017<\/a><\/strong><\/p>\n

     <\/p>\n

    C17-Chap-10-2-Homework-Prb-Partnership-Dist-March-30-2017<\/a><\/h1>\n

    C17-Chap-10-2-Homework-Sol-Partnership-Dist-March-30-2017<\/a><\/h1>\n

    C17-Chap-10-2-Homework-Sol-Partnership-Dist-EXCEL-March-30-2017<\/a><\/h1>\n

    <\/h1>\n

    <\/h1>\n

     <\/p>\n

    <\/h1>\n

    Chapter 11.-S Corporations-2017.<\/strong><\/span><\/h1>\n

    C17-Chap-11-9-S-Corporations-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

    C16-Chap-11-1B-S-Corp-Elect-Income-Taxes-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C16-Chap-11-1C-S-Corp-Passthru-Loss-Basis-Dist-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

    C16-Chap-11-1D-S-Corp-Lecture-File-INSTRUCTOR-POWERPOINTS-Dec-20-2015<\/a><\/p>\n

     <\/p>\n

    C17-Chap-11-1-Sub-S-Lecture-Materials-Final<\/a><\/strong><\/p>\n

     <\/p>\n

    C17-Chap-11-2-Homework-Prb-S-Corps-March-30-2017<\/a><\/strong><\/p>\n

    C17-Chap-11-2-Homework-Sol-S-Corps-March-30-2017<\/a><\/strong><\/p>\n

    C17-Chap-11-2-Homework-Sol-S-Corps-EXCEL-March-30-2017<\/a><\/strong><\/p>\n

     <\/p>\n

     <\/p>\n

    C16-Chap-11-7-Frank-Leou-1374-BIG-Tax<\/a><\/p>\n

    C16-Chap-11-8-S-Corporation-Trap<\/a><\/p>\n

    C16-Chap-11-08A-Godfrey-S-Corporation-Update<\/a><\/p>\n

    The article above is not a current article-actually pretty old.
    \nInteresting how much is still relevant.<\/p>\n

    C16-Chap-11-1-Corp-Excel-Problems-Class-Lecture-Sol-Dec-31-2015<\/a><\/p>\n

     <\/p>\n

    Chapter 12.-State and Local Taxes – Brief Coverage-2017.<\/strong><\/span><\/h1>\n

    C17-Chap-12-9-State-Local-Tax-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

    C16-Chap-12-2-Homework-Sol-Word<\/a><\/p>\n

    C16-Chap-12-2-HW-Sol-Multi-State-EXCEL-Answers-2016<\/a><\/p>\n

     <\/p>\n

    C16-Chap12-Solution-Consolidation-questions-Page 17-of-Lecture-Materials<\/a><\/strong><\/span><\/p>\n

     <\/p>\n

    Chapter 13.-U.S. Taxation of Multinational Tranasactions-2017.<\/strong><\/span><\/h1>\n

    C17-Chap-13-9-Multinational-Transactions-PUBLISHER-PowerPoints-2017<\/a><\/strong><\/span><\/p>\n

    C16-Chp-13-1D-Slides-with-FTCTransfer-Pricing-Subpart-F-Dec-22-2015<\/a><\/p>\n

    The following file has one page of multiple choice questions, based on the Connect homework. An additional set of problems will be posted here.<\/p>\n

    C16-Chap-13-MC-questions-from-Connect-assignment-Prb<\/a><\/strong><\/span><\/p>\n

    C16-Chap-13-MC-questions-from-Connect-assignment-Sol<\/a><\/strong><\/span><\/p>\n

    C16-Chap-13-Homework solutions-Connect-Assignment<\/a><\/strong><\/span><\/p>\n

     <\/p>\n

     <\/p>\n

    C17-Chap-13-1-Lecture-Materials-2017<\/a><\/strong><\/p>\n

     <\/p>\n

    C17-Chap-13-2-Homework-Prb-International-WORD-2017<\/a><\/strong><\/p>\n

    C17-Chap-13-2-Homework-Sol-International-WORD-2017<\/a><\/strong><\/p>\n

    C17-Chap-13-2-Homework-Sol-International-EXCEL-Answers-2017<\/a><\/strong><\/p>\n

     <\/p>\n

    SEC. 78.DIVIDENDS RECEIVED FROM CERTAIN FOREIGN CORPORATIONS BY DOMESTIC CORPORATIONS CHOOSING FOREIGN TAX CREDIT.
    \n<\/b> If a domestic corporation chooses to have the benefits of subpart A of part III of subchapter N (relating to foreign tax credit) for any taxable year, an amount equal to the taxes deemed to be paid by such corporation under section 902(a) (relating to credit for corporate stockholder in foreign corporation) or under section 960(a)(1) (relating to taxes paid by foreign corporation) for such taxable year shall be treated for purposes of this title (other than section 245) as a dividend received by such domestic corporation from the foreign corporation.<\/p>\n

    Godfrey-Wiggins-Tax-Adviser-Profile-of-foreign-bus<\/span><\/u><\/a>
    \n    C14-Chp-09-1-Foreign Earned Income Exclusion-2014<\/span><\/u><\/a>
    \nThe following articles and memo are NOT assigned.
    \n    C14-Chp-09-8A-Sec 911 Article-Godfrey-TTA-Dec 2006<\/span><\/u><\/a>
    \n    R13-Chp-00-02-5B-Section 911 Changes by TIPRA-2006.pdf<\/span><\/u><\/a>
    \nThe article above is about tax law that is covered in detail in Section 911.
    \nThe first step in writing the article was to paraphrase every sentence in Section 911. Those rules were placed in logical order for the article. Then, regulations were consulted for additional guidance, examples, etc. Of course, we relied on the committee report for the recent changes in the law that prompted this article. The article does not rely on court cases (or Revenue Rulings, Letter Rulings, etc.) to a significant degree. In many areas, you don’t have much in the way of code and regs, and must rely on other sources such as court cases.<\/p>\n

    Godfrey-Cathey-Entity-Choice-Foreign-Operations<\/span><\/u><\/a>
    \n    Godfrey-Foreign Partner-I-Tax Adviser-Sept-2006<\/span><\/u><\/a>
    \n    Godfrey-Foreign Partner-II-Tax Adviser-Oct-2006<\/span><\/u><\/a><\/p>\n

     <\/p>\n

    The following file has some important information about penalties, estimated tax payment requirements and the statute of limitations. This material will not be included on your final exam for 2016.<\/p>\n

    C16-Chp-17-Some-Important-Tax-Penalties-2015-Final<\/a><\/strong><\/p>\n

    The following file has a copy of our third exam in 2016, and the solutions.<\/p>\n

    C16-Chp-00-Tst-3-Exm-Prb-OD-POST-April-29-2016<\/a><\/strong><\/p>\n

     <\/p>\n

     <\/p>\n

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    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX<\/p>\n

    The remainder of this webpage has materials from Spring, 2015.<\/p>\n

    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX<\/p>\n

     <\/p>\n

     <\/p>\n

    How much coverage would a single CPA Exam give to our course?
    \n    C11-Chp-00-5-CPA Exam Questions-May-1993<\/a>
    \n    C11-Chp-00-5-CPA-Exam-Answers-Corp-May 1993<\/a>
    \n    C14-Chp-02-5-CPA Exam-Sch-M-Adj-Etc-May-1995<\/a>
    \nDo you notice that for these “old” questions test on our current tax law – much of the tax law never changes?
    \n    C11-Chp-00-5-CPA-Exam-Answers-Corp-May 1995<\/a><\/p>\n

    \n

    <\/h1>\n
    \n

    <\/h1>\n
    \n

    Virginia Andrews was a highly successful novelist. She enjoyed a very loyal readership among teenage girls and young women, every new novel became an instant hit.
    \nAfter Andrews’s death, her publisher (Pocket Books, a division of Simon & Schuster, Inc.) contacted the estate and heirs about the possibility of sequels to existing novels. Under the proposal, several novels would be written by a ghostwriter and published under Andrews’s name. An agreement was reached, and the novels were written and published. As the sequels were successful, substantial royalties were paid to the estate.
    \nWhen the estate tax return was filed, it included no value for the post-death sequels. The executor contended that the post-death ventures were too speculative to possess any value to the estate. Sales would depend on the expertise of the ghostwriter and whether prospective buyers would accept the novels as the work of Virginia Andrews. In fact, if the sequels were failures, sales of earlier books would suffer.
    \nThe IRS disagreed and assigned a value of approximately $1,200,000 to the potential use of the Andrews name. In Estate of Virginia Andrews v. U.S., [94-2 USTC \u00b660,170, 730F:Supp. 1279 (D. Ct. Va., 1994)] What would you say?
    \nFrom: Advanced Business Entity Taxation by Raabe\/Willis\/Maloney\/Smith
    \nCharlotte Business Journal, December 24, 2008.
    \nCrescent Resources LLC sold Bay Oaks apartment for $11.35 million, or less than half of what it paid for the South Tampa Bayshore Boulevard complex nearly three years ago. On Monday,     Carter-Haston Real Estate Services Inc.<\/a>, the company that sold the 176-unit complex to Crescent Resources in March 2006 for $27 million, bought it back, county records show. Carter-Haston paid $64,500 a unit, compared to the $153,409 per unit that Crescent Resources previously paid for the nearly 35-year-old complex. Crescent Resources made a strategic decision to sell the complex that it once had planned to redevelop as a high-rise condominium. \u201cThey decided they didn\u2019t need that many sites in this one market,\u201d Moger said. Crescent Resources, which recently completed Corporate Center Four in Tampa\u2019s Westshore Business District also developed high-rise One Bayshore, is a land management and real estate development company based in Charlotte, N.C. It\u2019s owned by Duke Energy Corp. (NYSE: DUK) and Morgan Stanley Real Estate.
    \nCan you explain the tax rules (Internal Revenue Code sections) that apply to this sale of real estate?
    \nIs this loss deductible? Is this a capital loss? If it is a capital loss, what are the rules?
    \nIf you decide it is not a capital loss, what are the rules?
    \nWould this loss provide a tax benefit if the company is already operating at a loss for the year?
    \nFor a company operating in this economy, would you expect the company to want to close on the sale before January 1?
    \nOn our first day of class, you will be asked to provide a tour of the Internal Revenue Code sections covering a transaction like this. Be sure and bring your textbook and your Code book.<\/p>\n

     <\/p>\n

    Key-cpa<\/a><\/p>\n

    http:\/\/Belkcollegeofbusiness.uncc.edu\/919-hgodfrey\/15A2wp-login.php<\/p>\n

    \n","protected":false},"excerpt":{"rendered":"

    Recently posted files. C16-Chap-00-Tst-4-Exm-Prb-May-2-2016-POST-May-2-2017 C16-Chap-00-Tst-4-Exm-Sol-May-2-2016-POST-May-2-2017   C17-Chap-00-Sample Tax Memo – by a student in the Tax Research Class C17-Chp-00-Code-Organization-Chart-and-CPA Exam Contents C17-Chap-00-DELOITTE-tax_research_guide   C17-Chap-00-Tst-3-Exm-Prb-for Spring-2017   C17-Chap-08-one-page-review-handout C16-Chap-00-Tst-3-Exm-Prb-2016–POST-for Spring-2017-Final C16-Chap-00-Tst-3-Exm-Sol-2016–POST-for-Spring-2017-Final For Question no. 3 above (Excel line 20), Gain recognized is incorrectly shown as $3,000. Should be $0.     C17-Chap-04-4-CPA Exams-Corp-PHC-etc-SOLUTIONS-old   C17-Chap-06-Provision for […]<\/p>\n","protected":false},"author":824,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-76","page","type-page","status-publish","hentry"],"jetpack_shortlink":"https:\/\/wp.me\/P5kuRp-1e","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/pages\/76","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/users\/824"}],"replies":[{"embeddable":true,"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/comments?post=76"}],"version-history":[{"count":310,"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/pages\/76\/revisions"}],"predecessor-version":[{"id":3072,"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/pages\/76\/revisions\/3072"}],"wp:attachment":[{"href":"https:\/\/belkcollegeofbusiness.charlotte.edu\/hgodfrey\/wp-json\/wp\/v2\/media?parent=76"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}