with exercises on the following topics:

• Distributions of Cash by an S Corporation
  
• Eligibility as Small Business Corporation
  
• Post Termination Transition Period of an S Corporation
  
• S Corporation Separately Stated Items
  
• S Corporation Entity Level Determinations
  
• S Corporation LIFO Recapture Rules
  
• S Corporation Built-in Gains: General
  
• S Corporation Elections
  
• S Corporation Built-in Gains: Computation of the Tax
  
• S Corporation Tax on Passive Investment Income
  
• Termination of the S Election: Causes
  
• Termination of the S Election: Consequences
  
• Termination of the S Election by Revocation
  

FEATURES

• Users can select one or more topics to meet their particular needs, and to conform to the courses in which they are enrolled.
  
• The program is easy to use:
  
  • Runs on-line, eliminating the need for update disk ordering and saving user disk space.
  • Menu-driven, for selection of topic areas and topics.
    
  • Choices are made by clicking on one button (such as or )
    
  • No need for expertise about computers, programming, operating systems, or other applications software.
    
• Current version reflects tax law as of May 2001.
  
• Runs on the WorldWideWeb using your browser.
  
• Written by and under the direction of James Edward Maule, a law professor at Villanova University School of Law who has taught federal income tax for 20 years.
  
• Previous desktop version used at several law schools, with favorable and enthusiastic student reactions.