Tax Law Courses

Federal Income Taxation
This course is designed to introduce students to the key concepts and issues in taxation, focusing primarily on the taxation of individuals.  It is the prerequisite for all other tax courses.  Coursework includes review of specific code provisions, administrative materials, and important cases.  Students are expected to do short problem sets in advance of each class.  The problem sets are designed to illustrate the rules and issues to be discussed in each class.
Credits:  4.  Frequency:  Every semester.
 


Taxation of Business Entities I
This course examines the federal income tax treatment of business entities and their stakeholders, including corporations, S corporations and their shareholders, partnerships and their partners, and LLCs and their members.  We will look at various transactions, including transfers to controlled corporations, distributions, redemptions, liquidations, and acquisitive reorganizations. Basic business tax planning and restructuring techniques will be explored as well, as time permits.
Credits:  4   Frequency:  Every Spring semester.
 


Taxation of Business Entities II
This course provides a more in depth look at the taxation of corporations and partnerships.  It is designed for those who have a real interest in tax or who intend to practice in the corporate or mergers and acquisitions area.
Credits:  2    Frequency:  Fall semester.
 


Tax Practice and Procedure
This course will focus on Federal income tax procedure and practice.  It will examine the process by which taxes are determined, reported, assessed, challenged, adjudicated, and collected.  It will focus on the duties of the taxpayer, internal processes at the Internal Revenue Service, taxpayer interactions with the IRS leading up to a final determination of income taxes owed, avenues for challenging a final determination, and collection practices.  We will study the relevant Internal Revenue Code provisions, Treasury regulations, and cases.  This course is useful to any student who plans to give tax advice to clients or to represent clients in tax controversies.
Credits:  2    Frequency:  Every other year.
 


Tax Policy Seminar
This seminar examines tax policy through the lens of distributive justice.  It begins by considering the traditional criteria for evaluating taxes:  equity and efficiency, asking to what extent economic efficiency and economic justice are reconcilable goals.  Having explored some basic economic and philosophical tools, students turn to the classic tax policy issues of progressivity and choice of tax base (income, consumption, and wealth), and examine selected contemporary policy issues that may include taxation of the family, taxation of the poor, taxation of human capital, transitions in the tax law, the politics of tax, and globalization’s affects on income taxation.  These questions are put in context through a chronological review of U.S. tax policy developments in the last 25 years.
Credits:  2    Frequency:  Every year.



International Tax
This course examines business and investment transactions by foreigners in the U.S., and U.S. individuals and corporations in other countries.  The course covers the concept of residence, source of income and deductions, taxations of investments of foreign persons in the U.S., taxation of business income of foreign persons from the U.S., taxation of U.S. branches of foreign corporations (the branch profits tax), and the extent to which U.S. bilateral tax treaties modify the U.S. legislation.  The course includes analysis of the foreign tax credit (both direct and indirect) system, the anti-tax deferral regime of Subpart F and the intercompany transfer pricing rules.  While Taxation of Business Entities I is not a prerequisite, it would be helpful to students enrolled in this class.
Credits:  3    Frequency:  Every other year.



Estate and Gift Tax
This course will focus on the Federal estate, gift and generation skipping transfer taxes that govern the transfer of wealth during lifetime and at death. 
Credits:  2   Frequency:  Every Fall semester.



Advanced Estate Planning
This course will cover advanced estate planning and estate administration issues.  Specifically, advanced valuation issues, marital deduction planning, fiduciary income tax, grantor trust income tax, issues relating to charitable trusts, and the generation skipping transfer tax.  Estate and Gift Tax is a pre-requisite.
Credits:  2    Frequency:  Every Spring semester.



Taxation of Real Estate Transactions
This course will cover the taxation of real estate transactions.
Credits:    Frequency:  Spring Semester.



Taxation of Intellectual Property
This course will focus on the taxation of technology transfers and other tax rules specifically designed for intellectual property.  Students taking this course will be given credit towards the LS&T certificate.
Credits: 2   Frequency:  Every year.



Business Planning/Tax For Business Lawyers

This class covers tax issues that routinely face small and large businesses.
Credits: 3   Frequency:  Unknown