Office of the Law School Registrar
Graduate Tax Directory
ADVANCED EMPLOYEE BENEFITS TOPICS
W77-726B sec 01 (3 hrs)
TUE 6:00 - 7:30 p.m. + SAT 10:00 - 11:30 a.m.
The course is designed to provide an overview of the rules and regulations
that govern employee benefit plans including the rules of both the Department
of Labor and of the Internal Revenue Service. These rules are illuminated both
by the course reading, and subsequently, by the completion of real-world problems.
Significant emphasis is placed on the rules that govern retirement plans that
seek to be tax qualified, although other types of employee benefit plans, such
as health and welfare plans, are also discussed. The class is taught at a level
that takes into consideration the experience of the class members.
Philip B. Wright
Dana A. Lasley
W77-720A sec 01 (3 hrs)
SAT 9:00 - 11:00 a.m.; WED 8:00 - 9:00 a.m.
The course focuses principally upon the tax aspects of tax-free acquisitions,
dispositions and related issues. The class sessions deal primarily with the
application of the Internal Revenue Code to the problems assigned for class
discussion. More specifically, the course covers the following topics: (i) overview
of tax-free reorganizations; (ii) acquisitive reorganizations; (iii) divisive
reorganizations (spin-off transactions); (iv) recapitalization, including bankruptcy
reorganizations; (v) survival and transfer of corporate tax attributes; and
(vi) non divisive reorganizations and reincorporations.
CORPORATE TAX PLANNING SEMINAR
W77-715B sec 01 (3 hrs)
This class/seminar is designed to provide an analysis of the application of
the federal income tax corporate provisions, other than the reorganization provisions,
to corporations, providing an advanced analysis of many of the topics first
discussed in the basic corporate/business tax course. This course covers a corporation
from inception (choice of either Subchapter C or Subchapter S; tax consequences
of transferring assets to a corporation) through a corporation's life (taxation
of distributions, personal holding companies, accumulated earnings tax) to the
corporation's liquidation (and the tax consequences of such liquidation).
W74-648D sec 01 (3 hrs)
TUE, THU 3:00 - 4:30 p.m.
This course involves an intensive study of the statutory, regulatory and case
material governing corporate taxation. Topics covered include the tax consequences
of corporate organization and capitalization, distributions to shareholders,
redemptions of stock, corporate liquidations and taxable dispositions of a corporate
business (both stock and asset sales). The course will be taught from a casebook
and statutory pamphlet, by a combination of the case and problem methods. Federal
Income Taxation is not a prerequisite for this course, but former students indicate
that it is highly desirable to take Federal Income Tax before taking this course.
Attendance and preparation are required and sanctions will be imposed on serious
ESTATE AND GIFT TAXATION
Edward F. Reilly
W77-713A sec 01 (3 hrs)
MON, THU 8:00 - 9:30 a.m.
An introduction to the Federal system of taxation as it pertains to wealth
transfers, covering the gift, estate and generation-skipping transfer taxes.
While there will be some discussion of related Federal income tax provisions
and relevant state law tax provisions, the primary focus will be on Chapters
11, 12, 13 and 14 of the Internal Revenue Code of 1986, as amended. The goal
of this course is to provide an overview of this system of taxation and its
application to current estate planning and related transactions, with the hope
that this introduction will prove useful in subsequent courses in estate planning.
While some familiarity with the Internal Revenue Code will be helpful, it is
not mandatory. Similarly, prior study in the law of Future Interests, Trusts
and Estates, and Property would be helpful but is not a prerequisite. The class
will be taught from a text (to be determined), but will also utilize occasional
ESTATE PLANNING AND DRAFTING
W74-628A sec 01 (3 hrs)
WED 4:30 - 6:00 p.m. + FRI 8:30 - 10:00 a.m.
Enrollment limit: 20
As the name indicates, this is an applied estate planning course where students
will have the chance to use a computerized drafting system to draft all or a
portion of the various legal documents used in the estate planning process,
including a simple will, a marital will, a revocable trust, a revocable insurance
trust, an irrevocable insurance trust, an irrevocable inter vivos trust, a durable
power of attorney, and a living will. In addition, the course involves consideration
of a number of sophisticated planning situations and an understanding of the
transfer tax provisions of the Internal Revenue Code and Regulations, as well
as techniques necessary for the acquisition of a moderate level of expertise
in the field. Class time will be devoted to a discussion of the planning techniques;
some non-class time will be devoted to watching videotapes on how to use the
drafting system and its use to draft documents. A small portion of the grade
in the course will be based on the drafting assignments and student participation
in class meetings; the majority of the grade will be based on a final examination
(focusing on the planning concepts discussed in class). Attendance and preparation
are expected and lack thereof is likely to have an adverse effect on the "participation"
portion of the grade and on what the examination will cover. Readings for each
class hour will be rather substantial because of the advanced level of the course
and may, on occasion, be as much as 30 or 40 pages. In addition, students are
expected to make considerable use of estate planning form books, which can be
found in the library. Pre/corequisite: Estate & Gift Taxation.
Trust & Estates, while not required, would provide useful background information.
ESTATE PLANNING SEMINAR
Bennett S. Keller
W77-703 sec 01 (3 hrs)
TUE, THU 4:00 - 5:30 p.m.
This course deals with the tax, legal and financial issues in the following
areas of estate planning: the use of life insurance, including revocable and
irrevocable life insurance trusts; the use and "misuse" of the marital
deduction including the analysis of different formulae clauses; the use of shareholder
buy-sell agreements and the valuation of closely held business interests; redemption
of stock from shareholders of closely held corporations; and the use of installment
payments of estate tax liability. The focus is on avoiding the pitfalls and
finding practical solutions to meet clients' needs.
FEDERAL INCOME TAX
W74-549J sec 01 (4 hrs)
MON, TUE, WED, THU 9:00 - 10:00 a.m.
An introduction to the basic principles of the federal personal income tax.
Topics treated will include federal tax procedure, the definition of gross income,
and exclusions and deductions from gross income. The course is designed to equip
students to handle common personal income tax problems likely to arise in general
practice. The course emphasizes a critical examination of the provisions of
the Internal Revenue code and the Treasury Regulations so that students may
become proficient in the use of these basic tax tools. The teaching methods
and materials used in the course are intended to encourage independent thought
and critical analysis of the law and policy of federal income taxation.
INCOME TAXATION OF ESTATES AND TRUSTS
Lawrence P. Katzenstein
W77-705A sec 01 (3 hrs)
WED, FRI 4:00 - 5:30 p.m.
The course will survey subchapter J of the Internal Revenue Code, which
deals with the income taxation of trusts and estates. Subjects covered
will include an analysis of the concepts of fiduciary accounting income,
distributable net income and taxable income, distributions in kind, terminating
distributions, income in respect of a decedent and the grantor trust and
separate share rules.
SEMINAR IN TAX POLICY
W77-707B sec 01 (3 hrs)
WED 9:00 a.m. - 12:00 p.m.
This course explores key underlying legal and economic tax concepts which support
tax policy. The course is broad ranged in that it covers Federal, International
and State and Local tax issues as well as the legislative process. Current legislative
proposals are also discussed.
TAX FRAUD PROSECUTIONS
David V. Capes, Harry Charles
W77-708B sec 01 (3 hrs)
MON 4:30 - 7:30 p.m.
This course/seminar will examine how criminal tax fraud cases are investigated
and prosecuted. Topics covered include a general survey of the Title 26 and
Title 18 criminal statutes related to tax fraud, how to deal with revenue and
special agents during the audit or investigation, IRS procedures involving evidence
gathering, IRS and Department of Justice review of tax fraud cases, grand jury
procedures, methods of proof and trial procedures, sentencing guidelines, and
civil considerations involved in the criminal case.