Office of the Law School Registrar:
Graduate Tax Course Directory
ACCOUNTING FOR TAX LAWYERS
W77-700D sec 01
(3 hrs) Thomas F. Wheeland
TUE THU 6:00 - 7:30 p.m.
This course is designed to introduce the basic concepts of tax accounting and financial disclosure
to tax lawyers with little to no prior exposure to accounting. Emphasis will be on the contents of
standard financial statements and accounting dialect (debit and credit). The course will examine
the legal consequences of accounting decisions and the lawyer's role in financial statement
analysis. The final part of the course will focus on applying tax accounting concepts in the legal
setting, including responding to auditor inquiries, asset valuation issues, and corporate equity
ADVANCED INCOME TAXATION
William A. Drennan
W77-727B sec 01
MON THU 8:00 - 9:30 a.m.
The course examines the taxation of property transfers including; (i) identifying events that
trigger a taxable gain or loss; (ii) the determination of the amount realized from a transaction and
the tax basis of the property transferred; (iii) transactions in which gains are not taxable in whole
or in part (including the disposition of a personal residence); (iv) transactions in which the
taxpayer incurs a loss but is not allowed to deduct the loss; (v) whether a gain or loss will be
treated as "ordinary" or "capital," and (vi) whether a gain will be eligible for installment sale
treatment. The course also examines tax accounting principles and concepts such as the selection
of a taxable year, the timing of income and deductions, and the use of the cash or accrual method
of accounting. We also briefly explore the world of tax-exempt organizations and charitable
contributions, and discuss the valuable contribution that tax attorneys can make to charitable
ESTATE AND GIFT TAXATION
Edward F. Reilly
W77-713A sec 01
TUE 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 handout materials.
FEDERAL INCOME TAX
W74-549D sec 01
MON TUE WED 7:50 - 9:00 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.
FEDERAL PARTNERSHIP TAXATION
Thomas A. Boman
W77-725D sec 01
SAT 9:00 - 11:00 a.m. + THU 8:00 - 9:00 a.m.
The course will survey Subchapter K of the Internal Revenue Code, which deals with the federal
income taxation of partnerships and other pass-through entities. Subjects to be covered will
include classification of entities as partnerships; tax consequences of capital contributions,
partnership liabilities, and liquidating and non-liquidating distributions; allocations of profits and
losses; basis of partnership interests; impact of shifts in partnership interests; and planning for
FEDERAL TAX PROCEDURE
Robert J. Burbank
W77-704B sec 01
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 procedures.
W74-727B sec 01
TUE 6:00 - 8:00 p.m.
Study of U.S. laws that have tax implications for international transactions. Emphasis on U.S.
taxation of multinational operations and taxation of foreign persons in the U.S. Pre/co-requisite: Federal Income Tax (although Professor Schneider
entertain requests for a waiver of this requirement from students who believe that special
circumstances warrant an exception for them).
INTRODUCTION TO U.S. TAXATION OF FOREIGN INCOME
W77-712A sec 01
Carl A. DiLisio
MON FRI 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.
STATE AND LOCAL TAXATION
Harlan J. Kwiatek
Brenda L. Talent
TUE THU 4:30 - 6:00 p.m.
Raymond T. Wagner
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.
TAX PLANNING FOR REAL ESTATE INVESTMENTS
AND CLOSELY HELD BUSINESSES: SELECT ISSUES
Thomas A. Duda
TUE 8:00 - 10:30 a.m.
Michael A. Markenson
Jay A. Nathanson
The course will address: choice of entity; sale and exchange considerations for real estate
investments and closely held businesses, including mergers and acquisitions, like kind
exchanges, and installment sales; passive loss rules; cancellation of debt; and tax credit and other
issues that arise in connection with the development of historic and non-historic structures, low
income housing, and other real estate transactions.
GRADUATE TAX PROGRAM COURSES
FALL 2001 SCHEDULE
||Fed Income Tax
Adv Income Tax
Intro U.S. Taxation of
|Fed Income Tax
Estate & Gift Tax
Tax Plan for Real
|Fed Income Tax
||Fed Partnership Tax
Adv Income Tax
Estate & Gift Tax
|Intro to U.S. Taxation
of Foreign Income
|State & Local Tax
||State & Local Tax
||Accounting for Tax
Lawyers Stanley &
|Accounting for Tax
Lawyers Stanley &