Curriculum Guide · Courses
Advanced Individual Income Tax and Personal Financial Planning (Formerly: Advanced Topics in Individual Income Taxation)
LL.M Course 805 (cross-listed) | 2 credit hours
The course will examine selected topics of individual taxation that are often relevant when advising high net-worth individuals. The course will include topics such as the basics on itemized deductions; individual net operating losses; interest expense deductions (Mortgage Interest, Investment Interest, and Interest Tracing); loss limitations (Passive Activity Loss and At-Risk); basic income tax considerations in financial planning; tax exclusion on gain from the sale of a principal residence; and Individual AMT. The class will be beneficial for students that seek to advise high net worth individuals (such as executives, entrepreneurs, or closely held business owners) in financial planning, tax, and estate planning matters. The grading for the class will consist of a final exam with additional consideration given for attendance / class participation.
Prerequisite: Taxation I.
LL.M. students who live outside the DC metro area will be able to attend classes in this course via WebEx. Please contact Colleen Burke, Director, LL.M. Adjunct and Administrative Services, if you have any questions about the course format or content (firstname.lastname@example.org).