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    May 04, 2024  
2018-2019 Catalog 
    
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2018-2019 Catalog [ARCHIVED CATALOG]

Course Descriptions

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Taxation
  

  • TA 302 Accountants’ Professional Responsibilities and Ethics in Tax Practice

    3 unit(s)
    Provides the background and ethical framework that governs the practice of tax at both the federal and state levels. Focuses on the rules that govern the conduct of accountants in federal and state tax practice. Includes an in-depth discussion of Circular 230, the AICPA Tax Practice Standards, the state Boards of Accountancy, and state tax agencies’ rules and regulations (to the extent that they exist). Covers eligibility to practice in the tax field for federal and state purposes, client confidentiality and related tax-practitioner privileges, managing conflicts of interest, rules governing fees, standards of practice and disclosure on the tax return, new rules on written advice, practitioner penalties and malpractice claims, performing other services (and the unauthorized practice of law), and best practices for tax advisers. Also covers the states’ regulation of tax practice, including multi-jurisdictional practice. Focuses on real-life case studies that illustrate the dilemmas faced by tax practitioners in everyday situations, and addresses the practical questions of operating a tax practice. Prerequisite(s): TA 318  or equivalent.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 315 Multistate Taxation of Business Entities (other States)

    3 unit(s)
    Analyzes the tax treatment, tax problems and tax-planning techniques of corporations and flow through entities engaged in multistate activities. The course is structured as a survey course and will cover the rules and regulations in multiple states. Students will be able to request coverage of specific states that are of interest to them in their practice. Topics include: Constitutional limitations on states’ ability to tax multistate corporations and flow through entities, new developments in state doing business standard, state tax treatment of S corporations, partnerships and LLCs, computation of taxable income, business vs. nonbusiness income, formula apportionment,ary taxation, combined reporting, consolidated returns and water’s-edge elections. Case studies are used to illustrate concepts. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 318 Advanced Federal Income Taxation

    3 unit(s)
    Examines the basics of federal income taxation with emphasis on statutory materials; special attention to problems of individual taxpayers and specific rules regarding gross income, adjusted gross income, taxable income, deductions, exemptions and credits. Students are required to take this course as one of the first two advanced graduate seminars in taxation. Corequisite(s): TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 319 Federal Tax Procedure

    3 unit(s)
    A survey course in the procedural aspects of dealings between taxpayers and their representatives on the one hand and the Internal Revenue Service, IRS Office of Professional Responsibility, the Office of the Chief Counsel for the Internal Revenue Service, and the Tax Division of the Department of Justice on the other hand. Assists students in understanding and preparing to handle practical issues involving their and their clients’ or employers’ duties, powers, responsibilities, liabilities, privileges and ethical obligations arising in federal tax practice, including access to information; IRS examinations and appeals; deficiency assessments; interest on underpayments and overpayments; penalties (civil and criminal) against taxpayers, their representatives, and their tax return preparers; statutes of limitations on assessment and collection of taxes and penalties and criminal tax prosecutions; and refund and collection of federal income, estate and gift taxes. Corequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 320 Multistate Taxation of California Business Entities

    3 unit(s)
    n multistate activities. Emphasis is on California law and how it applies to businesses organized or doing business in the state. Topics include: Constitutional limitations on states’ ability to tax multistate corporations and flow through entities, new developments in California doing business standard, California tax treatment of S corporations, partnerships and LLCs, computation of income, business vs. nonbusiness income, formula apportionment,ary taxation, combined reports, consolidated returns and water’s-edge elections. Case studies are used to illustrate concepts. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 321 Principles of International Taxation

    3 unit(s)
    Presents a broad survey of the rules of US income taxation regarding international transactions. Covers both in-bound transactions - the treatment of non-resident aliens and foreign corporations investing and/or doing business in theed States, as well as out-bound transactions - the treatment of US citizens and residents investing and/or doing business outside the US. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 322A Federal Income Taxation of Corporations and Shareholders I

    3 unit(s)
    Analyzes tax treatment, tax problems and tax planning techniques involving transactions between corporations and their shareholders: transfers to corporation; capital structure; dividends and other distributions; stock redemptions and liquidations; stock dividends and preferred stock bailouts; personal holding companies; accumulated earnings tax and introduction to S corporations. Prerequisite(s): TA 330 . It is recommended that students also complete TA 338  prior to enrolling in TA 322A. Corequisite(s): TA 338 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  
  

  • TA 323 Multistate Taxation of Individuals, Trusts and Estates

    3 unit(s)
    Covers the state tax structure applied to individuals, which includes in-depth coverage of issues related to residency and sourcing of income of nonresidents. Also explores the rules in multiple states and analyzes the constitutional limitations on the state’s ability to extend its tax system to nonresidents. Covers state sourcing rules that apply to nonresident partners, shareholders and LLC members. The course will also examine issues related to telecommuting and the mobile work force. Also analyzed are the issue of conformity to federal law in light of massive nonconformity by most of the states; tax incentives offered by the states to encourage job growth; and specialized topics such as state taxation of estates, trusts and their beneficiaries, accounting periods and methods and state taxation of taxable and nontaxable sales and exchanges. Prerequisite(s): TA 318  or equivalent.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  
  

  • TA 326 Real Estate Taxation

    3 unit(s)
    Analyzes tax advantages of ownership of real property; how to acquire real property; choice of entity; ownership and operation of real property; sales, exchanges, conversions and abandonments; postponing taxation on sale; tax aspects of mortgage financing; foreclosures and cancellations; leasing real property; hybrid financing through sales and lease backs; partnerships, subdivisions, syndicates, real estate investment trusts; ownership by homeowners associations, co-ops, tax exempt and foreign investors and real estate holding companies. Prerequisite(s): TA 320 . Corequisite(s): TA 330 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 328 Federal Income Taxation of Partners and Partnerships

    3 unit(s)
    Analyzes tax problems of the organization and operation of partnerships including the treatment of partnership distributions, withdrawal of a partner during his/her lifetime, dissolution of the partnership, sales or exchanges of partnership interests. Prerequisite(s): TA 330 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 329 Tax Research and Decision Making

    3 unit(s)
    Examines the primary sources of income tax law, the IRC, and administrative and judicial interpretations. Analyzes the research process using both paper products as well as electronic resources. Practical written and computerized assignments will be completed using research tools to locate, understand and interpret primary source materials. This is a writing-intensive course. Students are required to take this course as one of the first two advanced program seminars in taxation.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 330 Property Transactions

    3 unit(s)
    Analyzes federal income taxation of property transactions, including definition and mechanics of property transactions, definition of capital assets, nonrecognition property transactions, including IRC Sections 121, 1031 and 1033; examination of the at risk and passive loss rules. Corequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 331 Taxation of Exempt Organizations

    3 unit(s)
    Analyzes and compares tax-exempt status under section 501(c) of the Code; sophisticated tax planning for charitable contributions; the use of charitable remainder and lead trusts, charitable gift annuities, bargain sales, charitable contributions as a tax shelter; private foundation excise tax problems; unrelated business income problems; special problems and international philanthropy. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 332 State Tax Research, Practice and Procedure

    3 unit(s)
    Covers the state tax structure applied to all taxpayers, as well as various sources of law in California (and other states). Also covers resources available to locate state tax law on various matters. Examines state tax practice, states that require registration to prepare tax returns and that regulate tax return preparers. Discusses state ethical procedures and rules dealing with such issues as client confidentiality, privileged communication, malpractice and the unauthorized practice of law. Also covers state tax procedure including constitutional authority to tax, limitations on imposing taxes (versus fees) and administrative provisions governing rulemaking. Examines state filing requirements, estimated tax payments and amended returns. Discusses statute of limitations and the audit process, as well as unique state penalties and reporting requirements. Prerequisite(s): TA 318  or equivalent


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 333 Consolidated Return Regulations

    3 unit(s)
    Explores the consolidated tax return regulations, including their conceptual framework, authority and history; eligibility to file; computation of consolidated and separate taxable income; intercompany transactions, attribute limitation rules; consolidated basis adjustments, ELA’s, and the unified loss rules. An emphasis will be placed on how these rules impact acquisition planning. Prerequisite(s): TA 322A .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 334 Estate Planning

    3 unit(s)
    Examines selected topics in estate planning, including general legal principles relating to estate planning, including a review of relevant, legal documents; lifetime gifting, including utilization of the annual exclusion and alternative forms of wealth transfer; marital deduction planning, including quantifying the deduction through partial QTIP elections, utilization of the TPT credit, and the use of formula clauses; gifts to charity, including the use of both outright and split-interest gifts; the use of life insurance in estate planning; planning for generation skipping transfers; advising elderly clients; and post mortem planning. Prerequisite(s): TA 325 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 337 Individual Retirement Plans and Distributions

    3 unit(s)
    Presents a discussion and analysis of the estate, income and excise tax treatment of retirement plans, SEPS and IRAs, including various methods of distribution at age 70 1/2, naming of individuals or trusts as beneficiaries, marital deduction and non-citizen spouse issues, comparison of deferral and payment of benefits during life, and after death, with emphasis on actual case studies and examples of the interplay between estate and income tax consequences of retirement plans and IRAs. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 338 Tax Timing

    3 unit(s)
    Examines issues related to the allocation of items of income and deduction to the proper taxable year, including adoption of tax year end; definition of method of accounting; the annual accounting concept; cash, accrual and installment methods of accounting; time value of money; and the Uniform Capitalization Rules. Corequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 341 Multistate Sales and Use Taxation

    3 unit(s)
    Analyzes the various types of sales taxes and use taxes imposed by 46 states. Specifically, students will analyze which party, the buyer or seller of tangible personal property or provider or recipient of taxable services, is responsible for the tax. Course will focus on the impact of sales and use taxes on selected transactions, including interstate purchases and sales, including drop shipments; purchases from and sales to state and federal governments; occasional sales or casual sales; leasing transactions; construction contractors, as well as other areas. There will be a focus on current developments, including the Streamlined Sales Tax Project. Prerequisite(s): TA 329 . Formerly: TA 396W.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 344 Federal Income Taxation of Trusts and Estates

    3 unit(s)
    Analyzes taxation of trusts and estates and their creators, beneficiaries and fiduciaries, including computation of distributable net income and taxable net income, taxation of simple and complex trusts, operation of “throwback” rules, computation of income in respect of a decedent, preparation of the last return for a decedent and the returns of trusts and estates from inception through termination. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 346K Washington State and Local Taxes

    3 unit(s)
    Examines the application of the excise taxes with an emphasis on state and local taxes in Washington state. Examines the legal authority for state excise taxes. Reviews sales, use and business activity taxes in specific industries and transactions. We will give special attention to the local business doing all or a portion of its business in other states and the accountability of out-of-state business for collecting state taxes, including apportionment formulae and recent developments. We will also cover some transactional taxes (i.e. transaction taxes and sin taxes).


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 348 California Sales and Use Taxation

    3 unit(s)
    Analyzes constitutional, federal and state limitations on taxation, persons and transactions subject to tax, exemptions, basis of tax, compliance requirement and appeals and procedures. Emphasizes taxation of transfers of technology, including computer programs and research-and-development contracts; manufacturers, graphic arts and related enterprises, businesses engaged in retailing and transactions in interstate and foreign commerce. Case studies will illustrate concepts. Prerequisite(s): TA 318  and TA 329 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 350A Taxation of Foreign Persons with US Activities

    3 unit(s)
    Examines business and investment transactions by nonresident alien individuals and foreign corporations earning income in theed State (inbound transactions) including: residence for income taxation, sources of income, sources and allocation of deductions, US taxation of passive income by nonresident aliens and foreign corporations, the branch profit tax and gains of foreign taxpayers from the sale of US Real Property. Prerequisite(s): TA 321 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 350B Taxation of US Persons with Foreign Activities

    3 unit(s)
    Covers US taxation of foreign operations by US individuals and corporations including an in-depth analysis of the foreign tax credit, controlled foreign corporations, passive foreign investment companies, foreign sales corporations and foreign currency transactions. Prerequisite(s): TA 321 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 350C Income Tax Treaties

    3 unit(s)
    Focuses on the role, function and uses of income tax treaties. Examines the general aspects of treaties (policy, legal authority and negotiation), the interpretation of treaties, and a detailed examination of the terms of the US Model Income Tax Convention, the OECD Model Tax Convention, theed Nations Model Double Tax Convention between Developed and Developing Countries, as well as selected provisions of currented States treaties in force. Topics include taxation of investment income (i.e. interest, dividends and capital gains), taxation of license fees and royalties, treaty shopping; limitation of benefits, permanent establishment; taxation of the income of natural persons (i.e. personal services), allocation of income between related parties, non-discrimination toward foreigners and recent treaty developments.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 350D Transfer Pricing

    3 unit(s)
    Provides an in-depth coverage of inter-company pricing rules, including inter-company sales, loans, services, leasing, and transfers of intangibles. Discusses inter-company sales cases, as well as the treatment of inter-company loans under the imputed interest and below market loan provisions. Examines advance pricing agreements and relevant treaty provisions. Prerequisite(s): TA 321 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 350E International Mergers, Acquisitions and Joint Ventures

    3 unit(s)
    Analyzes the US tax issues relating to both inbound and outbound mergers, acquisitions and joint ventures, including taxable acquisitions and dispositions, joint ventures, tax-free acquisitive exchanges and reorganizations, and distributions and divisive reorganizations. Prerequisite(s): TA 350A  and TA 350B .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 352 Taxation of Electronic Commerce

    3 unit(s)
    Provides a comprehensive examination of the tax issues confronted by companies engaged in electronic commerce, with special attention to remote sellers. Covers state sales tax, state income tax, cross-border (international) transactions, tax accounting for web site development costs, acquisitions and dispositions of web-based businesses, valuation issues and tax compliance associated with e-commerce. Emphasizes six unique aspects of e-commerce taxation, including worldwide reach of web sites, anonymous transactions, digital products, remote operation of a web server, intangible assets in web sites, and fast-changing rules. Prerequisite(s): TA 318 , TA 322A , TA 329  and TA 330 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 356 Choice of Entity

    3 unit(s)
    Examines and compares the tax characteristics of business and investment entities. Explores the tax treatment, problems and planning techniques of formation and operation of entities, including effective tax rate, eligibility, election, revocation, termination and accounting rules. This is a highly recommended elective course. Prerequisite(s): TA 322A  and TA 328 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 358LS Business Leader Speaker Series

    1 unit(s)
    A weekly lecture series in which featured speakers highlight personal and professional accomplishments that have shaped their leadership philosophies. The series is open to the public and can be taken as a one-unit course-credit/no credit. If taken for credit, attendance at all lectures is mandatory (though one excused absence is allowed). The speaker series can also be combined with TA 359EL  for 3 units. Cross-listed with and equivalent to: ACCTG 358LS .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 359EL Exploring Business Leadership

    2 unit(s)
    A companion course to TA 358LS Business Leader Speaker Series . We will use the speakers at the weekly Leadership Speaker Series as a jumping off point for the leadership theories we will explore. The purpose of this course is to introduce students to theories of leadership which will inform and guide students in their personal lives and professional practice as leaders. The course will examine primary styles of leadership and each week, using independent research, students will have the opportunity to apply these theories through case analysis of the speakers and to enhance personal skill development through reflective-leadership practice. Corequisite(s): TA 358LS . Cross-listed with and equivalent to: ACCTG 359EL .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 361 Tax Aspects of Bankruptcy and Insolvency

    3 unit(s)
    Provides a basic overview of the basics of bankruptcy, insolvency and pre-bankruptcy planning for individuals, corporations and partnerships. Covers the differences between bankruptcy Chapters 7, 11 and 13, the workings of the automatic stay, offsets, priorities, and the creation of the separate bankruptcy estate and liquidating trusts. Examines the tax and bankruptcy treatment of debtors, claims of creditors, tax-free bankruptcy reorganizations, survival of tax attributes and pre-and post-petition debt discharges and the role of the tax professional. Includes case study reviews of current significant corporate bankruptcies, including associated Disclosure Statements, Plans of Reorganization and petitions in order to appreciate the form that tax-sensitive documents are presented and to analyze the various tax consequences of bankruptcy discharges to debtors, creditors and interest holders such as shareholders. Prerequisite(s): TA 318  and TA 329 . Recommended: TA 319 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 362 Accounting for Income Taxes

    3 unit(s)
    Examines the financial accounting and reporting of income taxes under Statement of Financial Accounting Standards Codification Topic 740 (FASB ASC 740), formerly known as FAS 109, and related accounting literature. Covers the calculation of current and deferred income taxes, an overview of book-tax differences, the calculation of interim period tax provisions, and the presentation and disclosure of income taxes in financial statements. Students will learn the basics of accounting for income taxes related to advanced topics such as stock compensation expense, foreign operations, state income taxes, and accounting for uncertain tax positions (formerly known as FIN 48). The difference between US and international accounting standards will be identified and discussed. Prerequisite(s): ACCTG 100A  or equivalent or CPA license or consent of department.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 363 Taxation of Financial Instruments

    3 unit(s)
    Examines the tax aspects of financial instruments, products, and transactions. Covers basic principles, including financial terminology, types of market participants, as well as the tax concepts of timing, character, and source. Addresses wash sales, constructive sales, short sale rules, straddles, market discount, original issue discount, Section 1256 and notional principal contract regulations. The course will be divided into three broad categories: Equity, Debt and Derivatives. Students will study the detailed rules regarding the tax treatment of financial instruments including stocks, bonds, options, forward contracts, futures contracts, convertible and contingent payment instruments, swaps and hybrid instruments. Prerequisite(s): TA 318 , TA 329  and TA 330 .


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 365 Employee Benefits and Compensation

    3 unit(s)
    Offers an in-depth study of employee benefit and compensation plans and their regulation under the Internal Revenue Code of 1986, as amended (the Code), and the Employee Retirement Income Security Act of 1974 (ERISA). The course will be taught from a workbook, handbook and relevant cases. Students will work extensively with the Code and ERISA.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  
  

  • TA 398 Internship: Taxation

    3-6 unit(s)
    Affords students the opportunity to gain direct tax practice experience for course credit. The educational value of the internship lies in the student’s ability to apply the substantive body of tax knowledge and skills in a real-world setting under the supervision of a tax practitioner. To be eligible for internship course credit, students must be in good academic standing, and have satisfied prerequisites and additional requirements determined by the Bruce F. Braden School of Taxation. For more information on student eligibility for TA 398, Internship: Taxation, go to http://www.ggu.edu/programs/taxation/internship/ This course may be taken more than once for credit.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
  

  • TA 399 Directed Study

    1-3 unit(s)
    Provides an opportunity for the advanced student with a specific project in mind to do reading in a focused area and to prepare a substantial paper under the direction of a faculty member. Only one directed-study course may be taken for credit toward a master’s degree. This course may be taken more than once for credit. Prerequisite(s): completion of six graduate taxation courses and consent of dean.


    Select the appropriate link below to view the course catalog and course schedule on the GGU website:
 

   
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