This book approaches the subject of Corporate Taxation through the prism of the Federal income tax treatment of taxable and tax-free mergers and acquisitions (M&A). Although the book discusses virtually every section of subchapter C of the Internal Revenue Code, which governs the tax treatment of corporations, the emphasis is placed on those provisions of subchapter C that have the most impact in M&A transactions. The book is structured for use both by students who have not previously been exposed to Corporate Tax and by those students who have.

The book focuses principally on domestic M&A; however, because of the growing importance of cross-border M&A, the Federal income tax consequences of these transactions are also briefly examined. The book is divided into four parts. Part I contains an introduction to business tax principles, to basic corporate tax principles, and to the Federal income tax treatment of taxable and tax-free M&A. Part II focuses on taxable stock and asset acquisitions exploring in depth the Section 338 election and acquisitions of targets that are part of a consolidated group of corporations.  Part III focuses on tax-free reorganizations, with the spotlight on acquisitive reorganizations.  Part IV focuses on special topics, including acquisitions involving partnerships and S corporations; bankruptcy issues in M&A; and policy issues.

A teacher's manual is available.

"Thompson has written a comprehensive yet easy-to-follow book.... I highly recommend Thompson's Corporate Taxation Through the Lens of Mergers and Acquisitions to any M&A tax professional. Thompson has done a superb job of translating the often incomprehensible tax code into language that a student or beginning tax professional can understand." —The M&A Tax Report

Available Supplements:

• Corporate Taxation Through the Lens of Mergers and Acquisitions 2006 Supplement 2007, 180 pp, ISBN-10: 1-59460-303-0, ISBN-13: 978-1-59460-303-7