General Course Descriptions for Terms: tax


742 - Taxation I

This course serves as an introduction to the current federal income tax system as it applies to domestic (i.e. US) individuals and entities. It is not an accounting course and does not focus on tax calculations. Rather, it covers the federal income tax issues that lawyers of all specialties use in (a) advising clients as to planning and implementing common types of transactions with financial implications , (b) assisting clients in structuring and resolving disputes with other parties where those disputes will or might have financial consequences for the client and (c) working with clients with regard to handling disagreements the clients are having with the Internal Revenue Service



771 - Estate & Gift Tax (2nd half of term: GIE Session)



772 - Use of Trusts in Estate Planning

This course studies the use of Trusts from the perspective of both the drafting attorney and the Trustee who administers a Trust. We will analyze hypothetical estate planning situations, explore issues that frequently arise in the administration of Trusts, and discuss drafting solutions to address such issues. We will also study the role of a Trustee as a fiduciary and conflicts attorneys may face when representing settlors, fiduciaries and beneficiaries. Limit: 18 students; T&E I required. Learning Outcomes – By the end of this course, students should: 1. Understand the purposes, advantages and disadvantages of basic Trusts in estate planning. 2. Possess a general understanding of how income, estate and gift tax impact Trust drafting. 3. Understand how Trusts interact with other estate planning documents. 4. Understand the duties and powers of a Trustee. 5. Identify and analyze ambiguities in Trust language. 6. Identify how to modify or terminate a Trust.



840 - Taxation II



868 - State & Local Taxation



870 - International Tax



940 - Research & Administrative Issues in Taxation



950 - Business,Tax & Compliance Colloquium