Course Description
This course will cover federal individual income tax issues that lawyers often deal with in practice. It will also cover tax policy issues that relate to incremental and fundamental tax reform proposals that are under consideration at the time of the course.
Additional Requirements for Graduate Students:
Graduate law students will not be doing any extra work beyond
that required of the Juris Doctor students. J.D. students are
post-baccalaureate students and the workload expected of them is
the same workload expected of post-baccalaureate graduate
students. Law students are professional students, not
undergraduate students. Graduate law students are primarily
international lawyers seeking expertise in the American legal
system. This expertise is gained through exposure to Juris
Doctor courses.
Athena Title
Tax Seminar
Equivalent Courses
Not open to students with credit in JURI 5130E or JURI 7130E
Undergraduate Pre or Corequisite
JURI 5120/7120 or JURI 5120E/7120E
Semester Course Offered
Offered spring
Grading System
A - F (Traditional)
Course Objectives
This course is intended to supplement the basic individual income tax course, which teaches the fundamentals of income taxation. This course applies those fundamentals to the doctrinal and policy issues that lawyers and policymakers are currently facing.
Topical Outline
The coverage is intentionally flexible to allow the instructor to cover timely topics. Some of the topics covered may include, among others: Taxation of Litigation Recoveries and Attorney’s Fees/Costs Taxation of Nonqualified Deferred Compensation Taxation of Equity Compensation (Stock options, restricted stock, profits interests) Taxation of Divorce Transactions Tax Consequences from Sale of a Business Choice of Tax Entity (e.g., C corporation, S corporation, or partnership) Taxation of Carried Interest/Founder’s Stock Incremental Tax Reform Issues Fundamental Tax Reform Issues