Curriculum Guide · Courses
Advanced Individual Income Tax and Personal Financial Planning
Professor David Kirk
LL.M Course 805 | 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; and tax exclusion on gain from the sale of a principal residence. The class will also discuss the alternative income-based tax systems applicable to individuals: Individual AMT, Net Investment Income Tax, and Self-Employment Tax. 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 take-home final exam available during the first week of the final exam period.
Prerequisite: Taxation I.
DISTANCE STUDENTS REGISTER FOR CRN#: 25821