Curriculum Guide · Courses

Professors Rudnick and Garry

LL.M Seminar 931 | 2 credit hours

The taxation of financial products has become an important and sometimes controversial topic during thelast decade. Most practitioners do not see a wide variety of financial product issues in their practices, so they may not be aware that the proper tax treatment of financial products is often determined by reference to fundamental tax principles, such as the doctrine of substance over form, the nature of true "ownership" for tax purposes, and the "open transaction" principle.

This course is an effort to provide a bridge between such fundamental tax principles and the taxation of financial products. By acquiring a firm grasp of these principles, students will be able to cut through the complex details of financial products and become comfortable with a more intuitive understanding of the proper tax treatment.

The basis for the grade in the course will be an exam.

Prerequisite: Prior or concurrent enrollment in Taxation I.

This class will now be meeting in McDonough Room 347.