Skip to Main Content

Federal Taxation of Corporation and Partnerships (LAWS 5403)

Course Info

The course will focus on the basic provisions of the federal income taxation of partnerships and corporations. The topics will include the formation of the entity, distributions to partners and shareholders, the allocation of profits and losses in a partnership, S corporations, redemptions, liquidations, mergers and acquisitions, corporate or partnership divisions, and certain corporate penalty taxes such as the accumulated earnings tax and the personal holding company tax.

Instructor

Prof. Thomas Hausman

Prof. Thomas I. Hausman specializes in tax, partnership and corporate practice, estate planning, and tax controversies. He counsels clients on, and prepares, partnership and LLC operating agreements, succession planning agreements, wills, trusts, merger and business acquisition agreements, like-kind exchanges, and generally represents businesses in their regular business needs. He advises clients who desire to invest in businesses and real estate ventures. In addition, Tom represents taxpayers in tax controversy matters before the Internal Revenue Service, the Ohio Board of Tax Appeals, and in the United States Tax Court.

Since 1992, Tom has taught tax law at Case Western Reserve University School of Law. From 1994 to 2005, he was a full-time faculty member of the Law School, and was the Administrative Director of the School’s Graduate Tax (LL.M.) Program. He continues to be an adjunct professor at the Law School, teaching courses in Estate Planning and Partnership Tax.

Tom is a frequent speaker at the Cleveland Tax Institute, and was the general chairman in 1996. He is a member of the American Bar Association Section of Taxation, Partnership Tax Sub-Committee; and the Ohio State Bar Association. He is also a member of the Federal Tax Specialty Board, Ohio State Bar Association, 2000 to date.

Syllabus

The syllabus for your course is available on Canvas.

Textbooks

Study Aids

These study aids are available online.  Please click the hyperlinked title to view them. For instructions on how to use the specific platforms, including troubleshooting, please view Andy Dorchak's Study Aids Research Guide.

Computer-Aided Legal Instruction (CALI) requires an authorization code to use. If you do not have a CALI account, please contact Kieran Layton or the reference desk for assistance.

CALI (Computer Assisted Legal Instruction) Taxation of Business Entities lessons

Research Guide

 Course Guides