C│M│Law
Spring 2016
697:61 Tax II: Taxation of Business Enterprises
Tues. and Thurs. 7:30 p.m. to 9:10 p.m.
Room 204
Professor: Patricia M. Ritzert, J.D., M.Tax, LLM (Tax)
Climaco, Wilcox, Peca, Tarantino & Garofoli Co., L.P.A.
pmritz@climacolaw.com
(216) 621-8484
WELCOME!
The first class meeting is the foundation for the course.
Please be sure to attend. Email me regarding any difficulties.
I look forward to meeting you.
FIRST ASSIGNMENT
Read Chapter 1 in Schwartz and Lathrope, Fundamentals of Business Enterprise Taxation.
This is background and introductory reading for concepts rather than detail.
Prepare yourself to discuss the problems on page 33 in class.
In the Internal Revenue Code, skim the following sections
§1; §11; §1001; §1011; §1012 and
§7701(a) (1 through 11, 13, 14, 16, 17, 23 through 30, and 42 through 45)
Find Subchapter K in the Internal Revenue Code (the "Code"). Where does it start? Where does
it end? How is it organized?
Find Subchapter C in the Code.
Find Subchapter S in the Code.
Internal Revenue Regulations
§301.7701-1(a) and (b); 301.7701-2(a), (b)(1 to 3), and (c); 301.7701-3(a), (b) and (f)(2) – the
examples in (f) are optional.