Tax Lessons

This lesson is a menu listing all the CALI tax lessons by Prof. James Edward Maule

• Basic Federal Income Taxation
  • Gross Income
    • Realization Concepts
    • The Taxability of Employment Connected Payments: Fringe Benefits, Meals and Lodging, Unemployment Compensation, and Social Security Benefits
    • Annuities and Life Insurance Proceeds
    • Damages and Related Receipts
    • Claim of Right Doctrine
    • Gifts, Bequests, Prizes, and Donative Cancellations of Indebtedness
    • Scholarships
    • Indirect Transfers for Services
    • Exclusion of Interest on Certain United States Savings Bonds
    • Receipt of Property as Compensation
  • Deductions
    • Trade or Business Deductions
    • Deductions for Taxes
    • Reasonable Compensation, Miscellaneous Business Deductions, and Business Losses
    • Interest Deductions
    • Traveling Expenses
    • Below Market Loans
    • Education Expenses
    • Personal Casualty Loss Deduction: Computation, Limitations
    • Basic Depreciation, ACRS, and MACRS Concepts
    • Moving Expenses
    • Deductions for Income-Producing Activities
    • Medical Expense Deductions
    • Charitable Contribution Deductions: Basic Concepts and Computations
    • General Applicability of Deduction Limitations
  • Taxable Income and Tax Computation
    • Personal and Dependency Exemptions
    • Claim of Right Mitigation Doctrine
    • Filing Status
    • Taxation of Minor Children's Income
    • Dependent Care Credit
  • Property Transactions
    • Computation of Gain and Loss Realized
    • Capital Loss Mechanics
    • Exclusion of Gain on the Sale of a Principal Residence
    • Identification of Section 1231 Property
    • Capital Asset Identification
    • Section 1231 Mechanics
    • Capital Gain Mechanics
  • Timing
    • Cash and Accrual Methods of Accounting
    • Fundamentals of Installment Sales
    • Installment Sales: Second Dispositions by Related Parties and Contingent Payments
  • Assignment of Income
    • Property
    • Services
• Corporate Taxation
  • Formation of C Corporations
    • Basic Issues
    • The Effect of Liabilities
    • Advanced Issues
  • Distributions
    • Distributions of Cash by C Corporations
    • Defining Section 306 Stock
    • Distributions of Property by C Corporations
    • Section 306 Exceptions
    • Distributions of Interests by C Corporations
    • Consequences on the Disposition of Section 306 Stock
    • Calculation of C Corporation Earnings and Profits
  • Redemptions
    • Consequences of Redemptions Under Section 302
    • Redemptions in Partial Liquidations: Section 302(b)(4)
    • Redemptions Not Equivalent to Dividends: Section 302(b)(1)
    • Redemption Through the Use of Related Corporations: Section 304
    • Substantially Disproportionate Redemptions: Section 302(b)(2)
    • Constructive Ownership of Stock
    • Redemptions Terminating Shareholder's Interests: Section 302(b)(3)
  • Liquidations
    • Corporate Liquidations: Effects on Shareholders: Sections 331 & 334(a)
    • Distributions of Property in Complete Liquidations: Section 336
    • Subsidiary Liquidations: Section 332
  • Reorganizations
    • A Reorganizations: Definition
    • Tax Consequences of Acquisitive D Reorganizations
    • Tax Consequences of A Reorganizations
    • Tax Consequences of Divisive D Reorganizations
    • B Reorganizations: Definition
    • E Reorganizations: Definition
    • Tax Consequences of B Reorganizations
    • F Reorganizations: Definition
    • C Reorganizations: Definition
    • G Reorganizations: Definition
    • Tax Consequences of C Reorganizations
    • D Reorganizations: Definition
• Taxation of Business Entities
  • Definition and Formation
    • Formation of C Corporations: Basic Issues
    • S Corporation Formation: Elections
    • Partnership Formation: Liabilities
    • Formation of C Corporations: The Effect of Liabilities
    • Partnership Definition
    • Partnership Liabilities: In General
    • Formation of C Corporations: Advanced Issues
    • Partnership Classification
    • S Corporation Formation: Eligibility
    • Partnership Formation: Basic Issues
  • Operations
    • S Corporation Shareholder Taxation: Entity Level Determinations
    • Partnership: Entity Level Determinations
    • S Corporation Shareholder Taxation: Separately Stated Items
    • Partnership: Separately Stated Items
  • Operating Distributions and Allocations
    • C Corporation Cash Distributions
    • Calculation of C Corporation Earnings and Profits
    • Partnership Allocations When Partners' Interests Vary
    • C Corporation Property Distributions
    • S Corporation Cash Distributions
    • Partnership: Section 704(e) Allocation Rules
    • C Corporation Distributions of Interests
    • Partnership Operating Distributions
    • Partnership: Section 704(d) Loss Limitation
    • C Corporations: Defining Section 306 Stock
    • Partnership Special Allocations: Basic Issues
    • Partnership: At Risk and Passive Loss Limitations
    • C Corporations: Section 306 Exceptions
    • Partnership Special Allocations: Nonrecourse Deductions
    • C Corporations: Section 306 Stock Dispositions
    • Partnership Contributed Property Allocations
  • Sales of Interests
    • Sales of Partnership Interests
    • Partnerships: Identifying Section 751 Assets
  • Redemptions and Partial Liquidations
    • C Corporations: Redemption Consequences
    • C Corporations: Constructive Ownership Determinations
    • Partnerships: Identifying Section 736 Payments
    • C Corporations: Section 302(b)(1) Redemptions
    • Partial Partnership Liquidations: Proportionate Distributions
    • Partnerships: Treatment of Section 736 Payments
    • C Corporations: Section 302(b)(2) Redemptions
    • Partial Partnership Liquidations: Disproportionate Distributions I
    • Partnerships: Identifying Section 751 Assets
    • C Corporations: Section 302(b)(3) Redemptions
    • Partial Partnership Liquidations: Disproportionate Distributions II
    • C Corporations: Section 302(b)(4) Redemptions
    • Partial Partnership Liquidations: Disproportionate Distributions III
  • Liquidations and S Election Termination
    • C Corporation Liquidations: Effects on Shareholders
    • S Corporations: Termination of S Election by Revocation
    • Partnerships: Termination Consequences
    • C Corporations: Distributions of Property in Complete Liquidations
    • S Corporations: Termination of S Election: Causes
    • C Corporations: Effects of Complete Liquidations
    • S Corporations: Termination Consequences
• Partnership Taxation
  • Partnership Definition
    • Partnership Definition: In General
    • Partnership Definition: Investment Trusts
    • Partnership Classification: In General
  • Partnership Operation
    • Partnership Taxable Year
    • Partnership Separately Stated Items
    • Sales and Exchanges With Controlled Partnerships
    • Partnership Entity Level Determinations
    • Transactions Between Partners and Partnerships
  • Partnership Distributions
    • Operating Distributions by Partnerships
    • Partial Partnership Liquidations: Disproportionate Distributions III
    • Basis Adjustments Arising from Distributions
    • Identifying Section 751 Assets
    • Partial Partnership Liquidations: Proportionate Distributions
    • Identifying Section 736 Payments
    • Partial Partnership Liquidations: Disproportionate Distributions I
    • Treatment of Section 736 Payments
    • Partial Partnership Liquidations: Disproportionate Distributions II
  • Partnership Terminations
    • Partnership Terminations: Causes
    • Partnership Terminations: Consequences
  • Partnership Formation and Liabilities
    • Partnership Formation: Basic Issues
    • Partnership Formation: Contribution of Services
    • Partnership Liabilities: In General
    • Partnership Formation: Liabilities
  • Partnership Allocations
    • Special Allocations: Basic Issues
    • Allocations When Partners' Interests Vary
    • Special Allocations: Nonrecourse Deductions
    • The Section 704(e) Allocation Rules
    • Allocations With Respect to Contributed Property: General Principles
    • The Section 704(d) Loss Limitation
    • Allocations With Respect to Contributed Property: Gain, Loss, and Characterization
    • At-Risk Limitations in the Partnership Context
    • Allocations With Respect to Contributed Property: Depreciation of Inherent Gain Property
    • Passive Loss Limitations in the Partnership Context
    • Allocations With Respect to Contributed Property: Depreciation of Inherent Loss Property
  • Sales of Partnership Interests
    • Sales of Partnership Interests
    • Basis Adjustments With Respect to Transferee Partners
    • Identifying Section 751 Assets
• S Corporation Taxation
  • Formation and Qualification
    • Eligibility as Small Business Corporation
    • S Corporation Elections
  • Taxation of the Shareholder
    • S Corporation Entity Level Determinations
    • S Corporation Separately Stated Items
  • Taxation of the S Corporation
    • S Corporation LIFO Recapture Rules
    • S Corporation Built-In Gains: General
    • S Corporation Tax on Passive Investment Income
    • S Corporation Built-In Gains: Computation of the Tax
  • Distributions
    • Distributions of Cash by an S Corporation
  • Termination of the S Election
    • The Termination of S Election by Revocation
    • The Termination of S Election: Causes
    • The Termination of S Election: Consequences
    • The Post-Termination Transition Period of an S Corporation