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Graduate Tax Program

Law School at the University of Denver

Graduate Tax Program

Course Descriptions

ADVANCED PARTNERSHIP TAXATION (TAX 4340)

Acquisitions of partnership interest by service partners; contributions vs. sales; payment for services, disguised sales, and guaranteed payments; allocations; partnership liabilities; recourse vs. nonrecourse; payments in liquidation of the interest of a retired or deceased partner. Prerequisite: Partnership Taxation.  This class is not currently offered as of Fall 2013.
3 quarter hours.

CIVIL & CRIMINAL TAX PROCEDURE (TAX 4310)

Statute of limitations on assessment/collection of deficiencies, definition of deficiency, restrictions on assessment and collection; statute of limitations on overpayments, claims and suits for refund, and limitations for criminal prosecutions; regulations and rulings—retroactive revocation; administrative settlements, closing agreements and compromises; civil penalties; tax return preparer penalties; civil litigation—injunctions, jurisdiction of Tax Court, District Court, and Court of Claims, small claims procedure, authority to increase deficiencies, choice of forum; jeopardy assessments and termination of taxable years; criminal tax investigations—administrative summons, document production (taxpayer and third party), constitutional protections, common law privileges, strategies; professional responsibilities and ethics for the tax practitioner.
4 quarter hours; required.

CONSOLIDATED RETURNS (TAX 4500)

Methods used by multiple related corporations to report income and losses; impact of corporate combination and separation; timing problems.
3 quarter hours.

CORPORATE TAXATION I (TAX 4200)

The federal income taxation of corporations and their shareholders with emphasis on the creation of the corporation, establishment of its capital structure, operational alternatives, distribution to shareholders, stock dividends and redemptions, personal holding company, and accumulated earnings tax.
4 quarter hours; required.

CORPORATE TAXATION II (TAX 4300)

A continuation of Corporate Taxation I with emphasis on corporate reorganizations, operation, liquidation of subsidiary corporations and corporate division, and carryover of tax attributes. Prerequisite: Corporate Taxation I.
4 quarter hours.

CORPORATE TAXATION III (TAX 4330)

Advanced corporate taxation problems with emphasis on collapsible corporations; liquidations; detailed study of sections 305, 306, 307; loss carryovers and Subchapter S corporations. Prerequisite: Corporate Taxation I.
4 quarter hours; required.

EMPLOYMENT TAX (TAX 4470)

Explore existing employment tax risks, recognize employment tax planning opportunities through appropriate compensation and entity structuring techniques, analyze proper worker classification, and highlight preventative techniques to avoid personal liability.
2 quarter hours.

ESTATE & GIFT TAXATION (TAX 4210)

Taxation of gratuitous transfers under the federal estate and gift tax codes, including taxable inter vivos gifts. annual exclusion, gift-splitting, gift tax charitable deduction, gift tax on powers of appointment, estate tax on owned interests, property transferred inter vivos with retained interests and powers, property subject to powers of appointment or transferred in contemplation of death, jointly owned property, life insurance proceeds, annuities and employee death benefits, marital deduction, charitable deduction, estate tax credits, estate tax deductions, valuation problems.
4 quarter hours.

ESTATE PLANNING (TAX 4230)

Estate analysis, including fact gathering and the analysis of data; the psychological aspects of "role playing" in estate planning; the members of the team (the attorney, the CPA, the life underwriter, the trust officer); life insurance in an estate and business planning context; planning with trusts, including revocable, short-term, and irrevocable; the transfer of a closely held business interest from one generation to the next, including full and partial stock redemptions, cross purchase agreements, private annuity, installment sale, retirement, recapitalization, qualified and nonqualified plans of deferred compensation; special estate planning considerations for the professional corporation, the highly paid executive, and the farmer and rancher; specific cases analyzed. Prerequisite: Estate and Gift Taxation.
3 quarter hours.

EXEMPT ORGANIZATIONS (TAX 4430)

The statutory exemption for "charities," social welfare and social clubs, homeowners' associations, fraternal orders, employee benefit organizations, mutual or cooperative companies, business and professional leagues, labor unions, exempt organizations, property title companies, federally organized or chartered organizations, and political organizations' activities, funds, and lobbying activities; prohibited transaction rules; the private foundation; the unrelated business and debt-financed income tax exposures; excise tax exemptions; administrative appeal and declamatory judgment procedures; anti-discrimination considerations; charitable contributions.
3 quarter hours.

FIDUCIARY INCOME TAXATION (TAX 4220)

Federal income taxation of estates and trusts. Included is a discussion of the concept of an estate or trust; trust accounting income for a simple and complex trust; calculation of taxable income, including special rules on the calculation of distributable net income, capital gains, personal exemptions, and charitable contributions; the separate share rule and trapping distributions; income in respect of a decedent and deductions with respect to decedents; the grantor trust rules under sections 671-678; and the calculation of the alternative minimum tax.
4 quarter hours.

INDEPENDENT STUDY (TAX 4991)

Opportunity to study and write in any area agreed upon between the student and a member of the faculty. The student is required to produce a written work of publishable quality to receive a final grade for the course. The 4-quarter-hour maximum may be applied toward graduation requirements with no more than 2 quarter hours in any one quarter.

INDIVIDUAL TAX PROBLEMS (TAX 4020)

Using the Internal Revenue Code and the Federal Income Tax Regulations as a basis, substantive issues relating to individual taxation are covered. Areas included are general concepts of gross income, individual employee benefits and deductions, charitable deductions, alternative minimum tax, deductibility and classes of interest, office in home and vacation homes, and a general overview of the interrelationships of various statutory and non-statutory principles.
4 quarter hours; required.

INTERNATIONAL TAXATION (TAX 4420)

Introduction to U.S. international taxation with an equal emphasis on inbound and outbound transactions. Resident and nonresident alien taxation, withholding taxes, effectively connected (business) income, foreign investment in U.S. real estate, tax treaties, branch taxes, earnings stripping, conduit financing rules, foreign earned income exclusion, classification of foreign entities, foreign tax credit, foreign personal holding companies, controlled foreign corporations, passive foreign investment companies, export transactions, Subpart F manufacturing rules, outbound property transfers, and transfer pricing.
4 quarter hours.

LOW INCOME TAX CLINIC (TAX 4315)

Using a focused series of classes related to issues facing individual low income taxpayers embroiled in conflict with the Internal Revenue Srvice or in litigation before the United States Tax Court (innocent spouse relief, earned income credit, dependency exemptions, appeals of audits and collection due process issues, tax litigation), this course first prepares tax students to represent taxpayers regarding such issues, then provides the opportunity to practice before the IRS and in the Tax Court. In a clinical setting, students are trained in all facets of practice before the IRS and the Tax Court. Once trained, under the supervision of clinical staff, the students undertake representation of low income taxpayers in tax audits, appeals, collection proceedings, and, if necessary, before the Tax Court. All facets of client representation, including initial client meetings, representation agreements, client advocacy, and ending the representation, are experienced by each clinic participant.
2 quarter hours (4 total hours possible if taken in 2 consecutive quarters).

PARTNERSHIP TAXATION (TAX 4320)

Tax treatment of partnership income in the hands of the partner; the conduit rule; problems associated with the formation, operation, and dissolution of the partnership; sale of the partnership interest; withdrawal and retirement of partners; basis adjustments, unrealized receivables, and substantially appreciated inventory.
4 quarter hours; required.

PROPERTY TRANSACTIONS (TAX 4110)

Basis of property; capital expenditures and current expense comparison; depreciable status; amortization of intangible property; depreciation methods; property casualties and losses; profit or loss computation and characterization for taxable property dispositions; limitations on passive losses; lessor and lessee reporting; tax-deferred dispositions.
4 quarter hours; required.

QUALIFIED PENSION AND PROFIT SHARING PLANS (TAX 4120)

An in-depth study of ERISA, labor department rules, and Internal Revenue Code provisions relating to qualified deferred compensation. The course is geared toward an understanding of all the pension and profit sharing rules required for plan qualification, with emphasis on qualified plan planning for both incorporated and unincorporated forms of business.
4 quarter hours.

SELECTED TOPICS SEMINAR (TAX 4600)

Recognition of tax problems and opportunities for a broad range of transactions encountered by individuals. Areas include family income splitting and other tax reduction and avoidance techniques; portfolio transactions, including short sales, puts and calls, and commodity futures; structuring agreements in contemplation of marriage or arising out of separation or divorce; personal insurance; charitable contributions; net operating losses; alternative minimum tax; various year-end planning techniques.
2-4 quarter hours.

STATE AND LOCAL TAXATION (TAX 4490)

Taxable incidents, privilege tax, discrimination, and multiple taxation under the Commerce Clause of the United States Constitution; current tax developments under the Import-Export clause of the United States Constitution; taxation based on class legislation and the Equal Protection Clause; nexus or jurisdictional due process; allocation and apportionment formulas; business versus nonbusiness income; multi-state tax compact; unitary concept; residence definitions; nonresident income sources; tax credits and short-period returns for individual income taxpayers; sales of tangible personal property; retail and wholesale sales; taxable and nontaxable leases; contractors rule, exemptions, and resale certificates under sales and use tax statutes; valuation techniques for real and personal property; and administrative and judicial appeal of property tax valuations and assessments.
2 quarter hours.

STRATEGIC TAX PLANNING FOR CLOSELY HELD BUSINESSES (TAX 4460)

Strategic Tax Planning examines the strategies and pitfalls for closely held businesses: tax problems associated with forming corporations and partnerships; operating issues for C and S corporations; buy-sell and other agreements involving the purchase and sale of a corporate business; partnership issues; and business succession planning. Prerequisites: Corporate Taxation I & III; Partnership Taxation. This class is not currently offered as of Fall 2013.
3 quarter hours.

TAX ACCOUNTING (TAX 4100)

Adoption of and change in accounting periods; income recognition and deduction allowance under the cash and accrual methods, including discussion of the time value of money; prepaid and contested income and expenses; income and deduction reversals; accounting method and practice changes; installment sales; long-term contracts; inventory accounting, including LIFO and manufacturers' inventories and net operating losses; income tax allocation for financial reporting.
4 quarter hours; required.

TAX AND FINANCIAL PLANNING (TAX 4240)

This is an introductory, integrated course focusing on personal financial planning. Topics covered include cash flow projections and budgeting, annual and multiple period income tax planning, an introduction to taxation of investments, an insurance and liability coverage survey, retirement planning, and estate and succession planning.
3 quarter hours.

TAX PRINCIPLES, RESEARCH & WRITING (TAX 4010)

Research sources, techniques, and practice; in-depth research of selected areas. Emphasis on argument and communication of conclusions; evaluation of legislative history and administrative authorities.
2 quarter hours; required.

TAXATION OF NATURAL RESOURCES (TAX 4410)

Tax problems encountered in the acquisition, operation, and disposition of natural resource properties; pre-production expenditures, depletion, depreciation, and ad valorem taxes; emphasis on overall tax planning for natural resource ventures.
3 quarter hours.

WEALTH TRANSFER PLANNING (TAX 4600)

Currently taught in the spring quarter as TAX 4600, Selected Topics Seminar. Taught as a symposium by a variety of professionals in the wealth management field, including attorneys, accountants, appraisers, insurance professionals, and investment professionals. Topics include discount planning, freeze transactions, wealth management and investments, insurance planning, charitable giving and philanthropy, fiduciary accounting and tax issues, fiduciary conflict issues, family office, and business succession planning.
2 quarter hours.