Summer Intensive Tax Curriculum
Income Taxation Intensive
This course combines the materials of Income Taxation I, Income Tax Timing Issues, and Income Taxation of Property Transactions in a single six-unit offering. Topics covered include the basic concepts of federal income tax law, gross income, exclusions, deductions, gains and losses from the disposition of property, accounting methods, net operating losses, interest imputation, error correction, deferred payment sales, non-recognition transactions of individual taxpayers, depreciation recapture, and tax research. Students will be asked to research and prepare a tax memorandum.
Business Taxation Intensive
This course combines the materials of Partnership Taxation I & II and Corporate Taxation I & II in a single six-unit offering. Partnership taxation topics covered include the classification, formation, operations, distributions, disposition of partnership interests, partnership terminations, the drafting of partnership agreements, allocations, related-party transactions, the hot asset rules, problems arising out of the death or retirement of a partner, partnership level audits, and international partnerships. Corporate taxation topics covered include formation, capital structure, nonliquidating distributions, redemptions, liquidations, Subchapter S, stock dividends, the dividends-received deduction, and advanced issues in redemptions and liquidations.