About USC Gould
USC Gould is a top-ranked law school with a 115-year history and reputation for academic excellence. We are located on the beautiful 228-acre USC University Park Campus, just south of downtown Los Angeles.
Learn about our rigorous and interdisciplinary curriculum, our invaluable experiential learning opportunities, and the breadth and depth of our specialized areas of concentration and certificate offerings.
- Student Life
Participate in an unparalleled learning experience with diversity of people and thought. Get involved in the law school community and participate in activities that enhance your studies.
We work closely with students, graduates and employers to support successful career goals and outcomes. Our overall placement rate is consistently strong, with 94 percent of our JD class employed within 10 months after graduation.
Our faculty is distinguished for its scholarship, as well as for its commitment to teaching. Our 12:1 student-to-faculty ratio creates an intimate and collegial learning environment.
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- + AREAS OF CONCENTRATION
- ALTERNATIVE DISPUTE RESOLUTION
- BUSINESS LAW
- MEDIA, ENTERTAINMENT AND TECHNOLOGY LAW
- PUBLIC INTEREST LAW
- + EXPERIENTIAL LEARNING
- + NON-DEGREE PROGRAMS
- ACADEMIC CALENDAR
- COURSE DESCRIPTIONS
Corporate Taxation (Spring 2017)
- Course Number: LAW-644
- Class Number: 03297
- Instructor: Edward Kleinbard
This course is an intensive introduction to the federal income taxation of large American business corporations. The course reviews the tax considerations relevant to each stage in the life cycle of a corporation (the capitalization of the corporation, its business operations, and its liquidation), as well as to business combinations and divestitures. The course also introduces the special tax rules governing consolidated tax returns and the utilization of operating losses. In addition to presenting to USC law students his own unique pedagogical style as Tax Tummler™, the instructor will make a special effort to relate issues to real-life examples, and also to identify underlying policy debates concerning the role of the corporate income tax, or individual aspects thereof (for example, whether the tax system encourages the over-leveraging of American business).
This course focuses on the practical and policy issues relevant to the taxation of public corporations. The course is designed to complement another course on the taxation of partnerships and S corporations, which are the tax-preferred forms for privately-held business enterprises and investment funds. The two courses together will offer students a much more comprehensive introduction to the topics formerly covered in the one-semester course Business Enterprise Taxation.
Class participation is expected, but will not be graded. There will be an in-class examination, which can be taken using a laptop computer equipped with SofTest. The course is available for CR/D/F grading.
Basic Tax (LAW-600) or permission of the instructor is a prerequisite. Students may find it helpful also to have taken basic business organizations law (LAW-603), but it is not strictly a prerequisite.
- Unit Value: 4
- Grading Options: Numerical or CR/D/F
- Schedule: T/Th 4:00 pm - 5:50 pm
- Room Number: Room 3
- Exam: In-class exam
- Writing Requirement: No
- Skills/Experiential Unit Requirement: no
- Participation: Expected but not graded
- Pre-requisites: Taxation (LAW-600) is required or permission of instructor; Business Organizations may be helpful but not required
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