Curriculum Guide · Courses
Taxation of Insurance Companies and Other Financial Institutions (Formerly: Taxation of Banks and Other Financial Institutions)
Professors Johnson & MacIvor
LL.M Course 752 | 2 credit hours
Examines the taxation of commercial banks, thrift institutions, regulated investment companies, real estate investment trusts, property and casualty insurance companies, and life insurance companies. The course analyzes the applicable special tax provisions in light of the economic function and operation of those institutions. Additionally, the course examines the taxation of mutual fund and REIT shares, annuities and life insurance, and considers alternatives to insurance products, such as self-insurance, captive insurance companies, and risk retention groups. Consideration is given to why financial institutions are treated differently from other taxpayers and to differences in the treatment accorded to the various types of financial institutions and products.
Prerequisite: Taxation I.