Office of the Law School Registrar:
GRADUATE TAX PROGRAM:
FALL 1999 COURSES
ADVANCED INCOME TAXATION
William A. Drennan, Robert F. Dwornick
W77-727B sec 01 (3 hrs)
WED, FRI 8:00 - 9:30 a.m.
The segment involves various tax accounting principles and concepts including; (i) the
selection of taxable year (i.e., the period for the computation of taxable income of a
taxpayer); (ii) the timing of income and deductions (including net operating loss deductions,
net operating loss carrybacks and carryovers, the tax benefit rule, the claim of right
doctrine); (iii) methods of accounting for income and deduction (i.e., the cash method and
accrual method); (iv) transactions between related taxpayers; and (v) the mitigation of the
statute of limitations for assessment of tax and claiming tax refunds, i.e., the rules for
correcting errors made in years with respect to which the statute of limitations for
assessment of tax for claiming a tax refund have expired.
Philip B. Wright & Dana A. Lasley
77-720A sec 01 (3 hrs)
SAT 9:00 - 11:30 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.
ERISA & EMPLOYEE BENEFITS
74-598A sec 01 (3 hrs*)
MON, TUE, THU 12:00 - 1:00 p.m.
This course is an in-depth study of the labor law regulation of employee benefit plans under
the Employee Retirement Income Security Act of 1974 (ERISA). A substantial portion of
the course will be devoted to the study of health and welfare benefit plans, including
analysis of judicial decisions interpreting and applying ERISA's disclosure, fiduciary
responsibility, enforcement and preemption provisions. The treatment of executive
deferred compensation arrangements under the tax law and ERISA will be examined. As
time permits, ERISA's major pension plan content requirements (such as the rules
governing plan participation, vesting, and spousal rights) will also be introduced. The
course will be taught from a casebook and statutory pamphlet. Students will work
extensively with ERISA and related provisions of the Internal Revenue Code. Attendance
and preparation are required and sanctions will be imposed on serious offenders. The
course grade will be based predominately on a final examination, which is likely to be a
24-hour take-home exam. Federal Income Taxation is not a prerequisite for this course;
students who have not taken Federal Income Taxation should not be significantly
disadvantaged. Additional course information is available on the web at
* Note well: Students who have previously taken Pensions & Tax-Favored Savings are
allowed to take this course, but because there is some overlap in the subject matter those
students (i.e., students who received credit for the Pensions course) will be awarded only 2
hours of additional academic credit for this course.
FEDERAL INCOME TAX
74-549G sec 01 (4 hrs)
MON, TUE, WED, THU 2:00 - 3:00 p.m.
This course is a survey of the federal income taxation of individuals, with consideration of
the nature of income, when and to whom income is taxable, exclusions from the tax base,
deductions, credits and the tax consequences of property ownership and disposition. The
instructor emphasizes tax policy and statutory interpretation. The course will be taught
from a casebook and a statutory pamphlet, by a combination of the case and problem
methods. Students will work extensively with the Internal Revenue Code. Attendance and
preparation are required and sanctions will be imposed on serious offenders. The course
grade will be based predominately on a timed final examination. Additional course
information is posted on the web at http://ls.wustl.edu/~wiedenbp/
FEDERAL TAX PROCEDURE
Robert J. Burbank, Harry Charles, Donald Wells
77-704B sec 01 (3 hrs)
MON 4:30 - 7:30 p.m.
This course will examine the administrative and judicial procedures for resolving federal tax
disputes. Covered topics will include: Organization of the Internal Revenue Service, legal
and ethical responsibilities of tax practitioners, administrative appeals procedures, Tax
Court litigation, civil and criminal penalties, statutes of limitation, and collection
INTRODUCTION TO U.S. TAXATION OF FOREIGN INCOME
Carl A. DiLisio
77-712A sec 01 (3 hrs)
MON, THU 8:00 - 9:30 a.m.
The course examines jurisdiction to tax, source of income, allocation of expenses, foreign
tax credit mechanism, foreign tax credit limitation, transactions between related
companies, tax favored transactions, organization/reorganization of entities involved in
foreign jurisdictions and other related topics.
SELECTED TOPICS IN REAL ESTATE TAXATION
Alan B. Bornstein, Michael A. Markenson, Jay A. Nathanson
77-723A 01 (3 hrs)
TUE 8:00 - 10:30 a.m.
This course will review selected topics in real estate taxation. The first one-third of the
course will review the concept of the sale and exchange of real property, including taxable
and tax-deferred exchanges. As part of the sale and exchange treatment, specific
attention will be focused on the use of and effect of debt on real estate transactions.
STATE AND LOCAL TAXATION
Harlan J. Kwiatek, Brenda L. Talent, Raymond T. Wagner
77-711B 01 (3 hrs)
TUE, THU 4:30 - 6:00 p.m.
This is a course which provides an in-depth overview of the state and local taxation of
businesses and individuals. Topics include state corporation income taxes, franchise taxes,
state sales and use taxes, real and personal property taxes, and state and local personal
income taxes. The course also includes a survey of common state and local tax procedures
and state and local tax related constitutional issues.