Partnership Tax (JD/Gen.LLM) (724-1)
Instructors
Sarah Lawsky
312/503-1855
sarah.lawsky@law.northwestern.edu
Meeting Info
Rubloff Building 203: Thurs, Fri 1:30PM - 2:55PM
Registration Requirements
Basic Federal Income Taxation is a prereq for this class.
Learning Objectives
This course serves as an introduction to the federal taxation of entities taxed as partnerships. By the end of this course, you should have a better understanding of the basic principles of how the U.S. tax system treats entities taxed as partnerships. We will also discuss some tax policy issues related to these principles. Finally, this course serves as an advanced study of how to read and analyze complex statutory and regulatory language.
Class Materials (Required)
(1) Schwarz, Lathrope, & Hellwig, Fundamentals of Partnership Taxation (most recent edition) (2) Selected sections of the tax Code and regulations, which can be downloaded in a PDF format from the course webpage; alternately, you can obtain a professionally published version such as CCH, Federal Income Tax, Code & Regulations - Selected Sections (or any other relatively current edition of the relevant selected sections of the Federal Income Tax Code and Regulations) (3) Selected readings that will be posted on the course webpage.
Class Materials (Suggested)
Cunningham & Cunningham, The Logic of Subchapter K (most recent edition); Wootton & Lawsky, Partnership Taxation (2d ed. 2019). There are a large number of copies of the Wootton & Lawsky book on reserve at the library; also, you can access it for free through Westlaw.
Class Notes
First, this class is taught using the problem method. Here's how it works each week. BEFORE CLASS: Read the assigned materials and prepare the assigned problems. DURING CLASS: During part of class, I will lecture. There will be brief pauses in the lecture for you to answer short review/comprehension questions. After I finish the lecture, still during class, you will work on problems in small groups. I will go from group to group listening and answering questions. Periodically we will come back together and one of the small groups will present the answer to the problem to the class. Then we will move on to the next topic, with the same lecture/comprehension questions/group work pattern. AFTER CLASS: Keep reviewing the material, including posting on the discussion board and coming to office hours. Second, the exam is in person, at the law school, scheduled, on the time and day and at the location set by the registrar.
Class Attributes
Business/Corporate transactions an element
Taxation Practice Area present in course
Enrollment Requirements
Enrollment Requirements: Basic Federal Income Tax is a pre-requisite for this course.