The LLM in Taxation curriculum is an exciting blend of the old and the new. Students are immersed on a daily basis in the Code, its legislative history, and the Regulations as well as exposed to the crossover and multi-faceted nature of current transactional problems.
Students develop a solid foundation in each of the four principal areas of modern tax law – Taxation of Property Transactions, Corporate Taxation, Partnership Taxation, and International Taxation – through the completion of the required core courses. Full-time students enroll in Taxation of Property Transactions and the basic courses in corporate, partnership, and international taxation during the fall semester and the advanced courses in corporate and partnership taxation during the spring semester. Students must also complete at least one additional course in international taxation by enrolling in Transfer Pricing, Controlled Foreign Corporations, Advanced International Corporate Tax Problems, International Estate Planning, or Tax Treaties.
Full-time tax faculty teach all of the required courses. Leading tax practitioners from the Chicago area assist the full-time faculty in teaching advanced courses, thereby allowing students to apply core tax concepts to complex cutting-edge transactions.
Aside from completing the required courses, students are free to design their own program of study from the Tax Program’s many electives. Full-time students typically enroll in one elective course in the fall semester and three elective courses in the spring semester to satisfy the LLM degree requirements. Students may also take up to two of these elective courses at the Kellogg School of Management if space is available.
During the fall semester, full-time and joint-degree students must complete the tax research seminar. This seminar is comprised of five, two-hour sessions covering the various sources of tax authority with which all tax practitioners must be familiar. The seminar also includes a discussion of the various electronic and hardcopy resources that are available to assist practitioners in conducting tax research.
In fulfillment of one elective course, full-time students may enroll in Advanced Research and Writing on Tax Issues in the spring semester. This course allows students to receive credit for researching and writing an article on a tax topic under the supervision of one of the full-time members of the tax faculty.