On Line Course Offering – Spring 2016

CERTIFICATE IN TAXATION

North Carolina Central University School of Law has developed a structured tax curriculum that provides valuable training for students who ultimately enter a tax law, corporate law, or general business practice. The program director, Professor Reginald Mombrun, has identified a core curriculum that provides a thorough study of the fundamentals in major areas of taxation. Students who complete this core tax curriculum will be awarded a Certificate in Taxation when they receive their J.D. degree.

On Line Course Offering – Spring 2016
Taxation of Business Enterprises: Partnerships Tax (Law 9080)
Professor Reginald Mombrun

Hours/Days: Tuesdays/Thursdays 2:30-3:45 PM. The class will meet through the NCCU School of Law Telepresence room and/or HD Video conferencing. Each student will connect to the class via a desktop videoconferencing client. The professor will be able to see and talk to each student. The first meeting of each week will generally be devoted to tackling the materials, code and regulations assigned, the second meeting will be devoted to the problems assigned. Please note that changes may be made to the syllabus.

Introduction & Student Learning Objectives:

Welcome to partnership taxation. Due to the proliferation of the LLC, partnership taxation has gained even more prominence in the tax field. Most of the rules we will investigating are contained in Subchapter K of the Internal Revenue Code. This course is transactional in nature and we will spend a lot of time looking at ways of reducing taxes on transactions and the class should mirror the corporate tax class in its scope, that is, we will be covering the partnership from birth to death (i.e. dissolution). The tax lawyer must always be aware of client goals because sometimes the most tax efficient way to do a transaction may not be in line with the objectives of the client. As a byproduct of this class, you will also be exposed to a fair amount of business transactions that partnerships engage into. This course is challenging as the language of the Code is often complex. To be successful in this course, you must come to class fully prepared. If you are not prepared, class will not be productive and certainly will not be fun. Upon completion of the class, the student will be able to:
Identify the tax rules that are relevant to a given partnership tax problem;
Interpret those rules and analyze the tax consequences of the given problem in light of them;
Identify ambiguities in the application of the relevant tax rules to the facts of the given problem, propose competing interpretations of those rules, and assess the consonance between the different interpretations and the broader structure of Subchapter K.

Grading: Final Exam – 100%

Required Textbooks:
(1)LIND, SCHWARZ, LATHROPE & ROSENBERG, FUNDAMENTALS OF BUSINESS ENTERPISE TAXATION: CASES AND MATERIALS (5th ed.) (Foundation Press 2012)—ISBN: 978-1-60930-065-4

Recommended Statute Book:
(1)STATUTES AND REGULATIONS BOOK CONTAINING THE PARTNERSHIP RULES (E.G. STATUTE BOOK YOU USED FOR FUNDAMENTALS TAX CLASS; OR SELECTED SECTIONS, CORPORATE & PARTNERSHIP BY STEVE BANK AND STARK )
To Register:
http://law.nccu.edu/admissions/how-to-apply-visiting-applicants, or contact: Carol Chestnut, law registrar, at: cchestnut@nccu.edu.