Taxation

Corporate Tax

Lecture - 3 hours. This course is an examination of the federal income tax relationship between corporations and their owners. The class will cover the transfer of funds into a corporation on formation and the re-transfer of money and property from the corporation to its shareholders. The course also considers taxable and non-taxable corporate restructuring in the form of sales, mergers, acquisitions, and divisions of corporations. 

Prerequisite: Law 220 Federal Income Taxation
Final Assessment: Exam

Federal Income Taxation

Discussion - 4 hours. There are no prerequisites, although this course is a prerequisite for most other tax courses. This course surveys the federal income tax system, with consideration of the nature of income, when and to whom income is taxable, exclusions from the tax base, deductions and credits, and tax consequences of property ownership and disposition. Our objective will be to explore and critically evaluate the concepts and policies underlying the federal income tax, as well as to learn to interpret the statutory provisions by which these concepts and policies are implemented.

State and Local Government Law

Discussion - 3 hours There are roughly 80,000 local government entities in the United States which provide essential services and spend billions of dollars. This course takes a broad approach to state and local government law, both practically and theoretically. Topics to be covered include: federalism, relations between states and localities, governmental liability, zoning, educational equity, and public finance. Readings will be drawn not only from case law and statues, but from history, theory and public policy.

Final Assessment: Exam

Nonprofit Organizations and Drafting: A-Z Coverage with Document Drafting

Discussion plus document drafting skills - 4 hours. This course is a combination skills class and a lecture course.  Students learn the special legal rules and concepts applicable to nonprofit organizations (particularly IRC 501(c)(3) nonprofits) and then, in a workshop class structure, they apply those rules and concepts to complete drafting assignments regarding the formation of nonprofit organizations under state law and the application for tax-exempt status for nonprofit organizations under Federal tax laws.

Taxation of Partnerships and LLCs

Discussion - 3 hours. A great number of businesses utilize the partnership structure, including closely-held operating businesses, most investment entities, including private equity, venture capital, real estate and hedge funds, and publicly-traded master limited partnerships.  This course constitutes a study of the federal income tax treatment of partnerships and partners (including entities classified as partnerships).

Tax and Distributive Justice

Discussion - 3 hours. This is an advanced tax course designed to introduce students to issues of tax policy, with particular emphasis on tax distribution (i.e., who or what should pay taxes in society) and tax incidence (i.e., who or what ends up paying taxes in society). The course will begin by examining official measurements of income and wealth distribution, as well as how those measurements comport with the philosophical foundations of various conceptions of justice in taxation, including libertarianism, utilitarianism, and liberal egalitarianism.

Public Finance

Lecture - 2 hours. This course will explore public finance issues from a theoretical and practical perspective. Initial readings will be theoretical as we consider what the government should do and why. We will then move on to the various bodies of law that govern public finance practice: local government law, federal securities law and federal tax law.

Graduation Requirements: May meet Advanced Writing Requirement with the instructor's permission.
Final Assessment: Paper and/or Exam

Migration, Work, and Taxation

Seminar - 2 hours. This course explores workers’ and prospective workers’ choices to move from one place to another, both across and within national borders.  In particular, we will explore how tax policy and broader economic forces shape those choices.  A paper option may be available for those pursuing either the Immigration or Tax Law Certificate.

Law 292 Immigration Law and Procedure is recommended.

Tax Controversy and Procedure

Seminar - 2 hours. This course focuses on the practical and procedural aspects of tax controversy before federal and state tax authorities. We will provide a mix of theory and practical skills for students wishing to engage in controversy practice before the IRS and the various California tax agencies (FTB, CDTFA, BOE, and OTA).