Formation, operation, and liquidation of S-corporations discussed briefly. Alternatives, including current legislative proposals, are considered. Students prepare a paper on a tax policy issue approved by the professor. Also includes analysis of the problems encountered in parallel civil and criminal proceedings, problems involving government investigatory powers, and taxpayer rights and privileges. Research and writing projects on federal tax subjects with analysis and instruction in tax research techniques, materials, and methodology.
Students prepare legal memoranda.
I is a prerequisite for all other tax courses except Tax Research and Writing. Fundamentals of Federal Income Taxation I typically is offered fall semester only. Students who do not begin their course work fall semester may take courses during spring and summer terms without meeting this prerequisite requirement, with the approval of the program director. I at the earliest opportunity. Completing Tax Research and Writing, as well as Fundamentals of Federal Income Tax II, early in the program is recommended highly.