Graduate Tax Program

LLM in Taxation Degree Requirements

The LLM in Taxation requires successful completion of 24 credits. Students enrolled in the full- or part-time program must complete four or five required courses and are encouraged to choose electives that suit their personal, academic, and professional needs. A full-time student completes the degree requirements in one academic year; part-time students must complete the degree requirements within four years. Upon request, a student with the appropriate tax background may be excused from taking a required course or a prerequisite or corequisite course in order to take additional elective courses. Students must also complete a tax ethics requirement, which is accomplished by successfully completing LAW TX 914 Standards and Responsibilities or LAW TX 966 Tax Practice Procedure & Standards.

No thesis is required. However, students who are interested in completing a significant writing project under the supervision of a faculty member may do so, by arranging an independent research project. Additionally, a student may supplement the program with courses at other Boston University graduate or professional programs such as the Questrom School of Business or Metropolitan College. Upon approval, credit for these courses may be applied toward the LLM in Taxation degree.

An individual who has completed graduate work in taxation at another American Bar Association-approved law school may, upon application, be granted advanced standing in the full- or part-time residential program. However, a minimum of half the credit hours necessary for the Boston University degree must be completed at BU Law.

For more information regarding degree requirements, please refer to the Graduate Tax Program’s Academic Regulations.

Curriculum

Required Courses

  • Federal Income Taxation I (2 cr)
  • Federal Income Taxation II (2 cr)
  • Federal Income Taxation (4 cr; this counts for Federal Income Tax I & Federal Income Tax II)
  • Introduction to Corporate Tax (2 cr) or Taxation of Corporations and Shareholders (4 cr)
  • Partnership Tax I (2 cr)
  • Tax Practice and Procedure (2 cr) or Tax Practice Procedure & Standards (4 cr)

Elective Courses*

  • Consolidated Corporations
  • Corporate Reorganizations
  • Elder Law
  • Estate and Gift Taxation
  • Estate Planning
  • Estate Planning: Advanced
  • Estate Planning & Drafting
  • EU VAT
  • Executive Compensation
  • Exempt Organizations
  • FASB 109, FIN 48, and SOX 404
  • Gratuitous Transfer Taxation
  • Inbound International Taxation
  • International Estate Planning
  • International Taxation I—Trade, Investment, and Finance
  • International Taxation II—Outbound U.S. Taxation, the Foreign Tax Credit and Subpart F
  • Life Cycle of a Business Venture
  • Making Tax Law
  • Partnership Tax II
  • Pensions and Profit-Sharing Plans
  • RICs, REITs, and REMICs
  • Standards and Responsibilities in Tax Practice
  • State and Local Taxation
  • Structuring Intellectual Property Ownership
  • Tax Accounting
  • Tax Aspects of Buying and Selling a Business
  • Tax Aspects of Charitable Giving
  • Tax and Technology
  • Transfer Pricing & Technology
  • Taxation of Bankruptcies and Workouts
  • Taxation of Financial Products: Policy and Theory
  • Taxation of Financial Products: Principles and Applications
  • Taxation of Intellectual Property
  • Taxation of Trusts and Fiduciaries
  • US Transfer Pricing
  • Transfer Pricing (2 cr)

* Curriculum offerings may vary for online students; be sure to check the course schedule available on our website.

Concentrations—Residential Programs Only

Students who want to focus their studies in a particular “subspecialty” may consider concentrating their elective classes in any of the following areas:

General Business Taxation

A student who has a background in basic federal income taxation and corporate taxation and who wishes to concentrate on business tax issues should consider the following elective courses:

  • Consolidated Corporations
  • Corporate Reorganizations
  • Executive Compensation
  • FASB 109, FIN 48 and SOX 404
  • International Taxation I—Trade, Investment, and Finance
  • Life Cycle of a Business Venture
  • Partnership Tax II
  • Pension and Profit-Sharing Plans
  • RICs, REITs, and REMICs
  • State and Local Taxation
  • Structuring Intellectual Property Ownership
  • Tax Accounting
  • Tax Aspects of Buying and Selling a Business
  • Tax and Technology
  • Tax Issues in Business Decisions
  • Taxation of Bankruptcies and Workouts
  • Taxation of Intellectual Property

Estate Planning

Students interested in estate or financial planning should consider the following elective courses:

  • Elder Law
  • Estate and Gift Taxation
  • Estate Planning
  • Estate Planning: Advanced
  • Estate Planning & Drafting
  • Executive Compensation
  • Gratuitous Transfer Taxation
  • Life Cycle of a Business Venture
  • International Estate Planning
  • Pension and Profit-Sharing Plans
  • Standards and Responsibilities in Tax Practice
  • Tax Aspects of Charitable Giving
  • Taxation of Trusts and Fiduciaries

International Taxation

Students interested in international tax should consider the following elective courses:

  • EU VAT
  • Inbound International Taxation
  • International Taxation I—Trade, Investment, and Finance
  • International Taxation II—the Foreign Tax Credit and Subpart F
  • Structuring Intellectual Property Ownership
  • Tax Accounting
  • Taxation of Intellectual Property
  • Transfer Pricing & Technology
  • US Transfer Pricing
  • VAT

Note: Classes are subject to change and may not be offered every semester. Please consult the BU Law course website for updated class offerings.

Financial Services

Students interested in financial services should consider the following elective courses:

  • Inbound International Taxation
  • International Taxation I–Trade, Investment, and Finance
  • International Taxation II–the Foreign Tax Credit and Subpart F
  • Partnership Tax II
  • RICs, REITs, and REMICs
  • Taxation of Financial Products: Policy and Theory
  • Taxation of Financial Products: Principles and Applications