TAXATION / 149


TAXATION
College of Law
 GRADUATE FACULTY 1984-85
 Director & Graduate Coordinator: M. Richardson. Dis-
 tinguished Service Professor: J. J. Freeland. Professors:
 K. G. Anderson; D. A. Calfee; B. A. Currier; D. M.
 Hudson; S. A. Lind; C. D. Miller; M. A. Oberst; E. E.
 Sawyer; S. A. Willis.
 Graduate study in the field of taxation leading to
the degree Master of Laws in Taxation is available in
the College of Law. Applicants for admission to the
Graduate School for this degree must hold a law de-
gree from an accredited law school but need not sub-
mit scores on the Graduate Record Examination. For
further information concerning admission consult the
College of Law Catalog, or write the Tax Office, 325
Holland Law Center.
LAW 7602-Income Taxation I (2) Tax Problems of individ-
ual taxpayers; concepts of gross income, identification of
taxpayer; adjusted gross income; deductions, exemptions
and taxable income.
LAW 7603-Income Taxation II (2) Problems incident to the
sale, exchange, and other disposition of property, including
recognition and characterization concepts.
LAW 7604-Income Taxation III (2) Income tax accounting
principles: the taxable year, accounting methods, install-
ment and deferred payment sales, delayed payment for serv-
ices, income averaging, and loss carryovers and carrybacks.
LAW 7607-Income Taxation of Natural Resources (2) Exam-
ination of the federal income taxation of the extractive in-
dustries (oil and gas, solid minerals) and timber; classifica-
tion and consequences of conveyance transactions; cost and
percentage depletion; geological and geophysical costs; in-
tangible drilling and development costs; mine exploration
and development expenditures.
LAW 7611-Corporate Taxation (2) Tax considerations in
corporate formation, distributions, redemptions, and liqui-
dations. General consideration of tax alternatives relating to
sale of corporate businesses.
LAW 7612-Advanced Corporate Taxation (2) Advanced
problems including Sub-chapter S corporations, professional
corporations, personal holding companies and punitive
taxes on earnings accumulation, collapsible corporations,
and corporate tax planning.
LAW 7613-Corporate Reorganization (2) Reorganizations:
mergers, consolidations, and division, including transfer or
inheritance of losses and other tax attributes.
LAW 7614-U.S. Taxation of Foreign Persons and Income (2)
Applications of the federal income tax to nonresident aliens
and foreign corporations and to United States citizens, resi-
dents, and corporations investing funds abroad or conduct-
ing business with foreign persons.
LAW 7617-Partnership Taxation (2) Tax meaning of "part-
nership"; formation transactions between partner and part-
nership; determination and treatment of partnership in-
come; sales or exchange of partnership interest; distribu-
tions; retirement; death of a partner; drafting the partnership
agreement.
LAW 7623-Taxation of Gratuitous Transfers (2) Federal
taxes on estates and gifts and generation-skipping transfers.
LAW 7625-Income Taxation of Trusts and Estates (2) Taxa-
tion of income of trusts and estates, with emphasis on in-
come required to be distributed currently, equivocal distri-
butions of income or corpus, and accumulation distribu-
tions; other fiduciary tax problems, including the treatment
of income in respect of decedents.
LAW 7626-Estate Planning (2) Estate planning; planning
lifetime and testamentary private and charitable dispositions
of property, postmortem planning; life insurances; analysis
of small and large estates; eliminating and offsetting com-
plicating and adverse factors; selection of a fiduciary and ad-
ministrative provisions.
LAW 7632-Deferred Compensation (2) Tax consequences
of compensation in forms other than cash paid contem-


poraneously with performance of services. Uses of em-
ployers' stock in employee compensation, nonqualified de-
ferral compensation devices, and qualified pension and
profit-sharing plans. i
LAW 7633-Tax Exempt Organizations (2) Study of exemp-
tion from federal income tax accorded to a variety of public
and private organizations, and tax treatment of contribu-
tions to such organizations; public policies underlying ex-
emption from tax, and deductibility of contributions; and
the broad new enforcement powers to be undertaken by the
Internal Revenue Service.
LAW 7640-Civil Tax Procedure (2) Taxpayer's relationships
with the Internal Revenue Service, including requests for rul-
ings; conference and settlement procedures; deficiencies
and their assessment; choice of forum; Tax Court practice;
limitation periods and their mitigation; transferee liability
tax liens; and civil penalties.
LAW 7641-Procedures in Tax Fraud Cases (2) Criminal of-
fenses and methods of proof; investigative authority of the
IRS; summons enforcement proceedings; search warrants
and grand jury subpoenas; constitutional defenses to the
compulsory production of evidence; the attorney-client priv-
ilege and other objections available to taxpayers and third
parties.
LAW 7650-State and Local Taxation (2) Nature and purpose
of state taxation, comparison of property and excise taxes;
uniformity of taxation; jurisdiction; assessment and collec-
tion procedures; remedies available to taxpayers.
LAW 7905--Independent Study (1-3; max: 4) S/U.
LAW 7910-Supervised Research (1-5; max: 5) S/U.
LAW 7911-Federal Tax Research (1-2; max: 2) Substantial re-
search and writing project on a federal tax subject; instruc-
tion in tax research techniques. Students customarily register
for the course and .complete the project during two suc-
cessive semesters. Credit is usually one hour each semester
but may be varied in accordance with scope and nature of
project. H.
LAW 7931-Current Federal Tax Problems (2; max: 4) Vari-
able content. Course involves either significant new legisla-
tion or significant developments within the existing statu-
tory framework; emphasis on policy considerations.
LAW 7940-Supervised Teaching (1-5; max: 5) S/U.


THEATRE
College of Fine Arts
 GRADUATE FACULTY 1984-85
Chairman & Graduate Coodinator: C. Brandt. Pro-
fessors: E. j. Hooks; A. Wehlburg. Associate Professors:
R. Brandman; D. L. Shelton; G. West.
 Graduate programs offered by the Department of
Theatre lead to the degree of Master of Fine Arts. The
degree prepares students for professional entry in the
areas of performance art and/or teaching. Special-
ization is offered in acting-directing, scene-lighting-
costume design and technology.
 In addition to the MFA, the Department of Theatre
offers an emphasis through the College of Liberal Arts
and Sciences, Department of Speech, leading to the
degree of Doctor of Philosophy.
 Placement in the MFA program will be determined
through audition/portfolio review, academic creden-
tials, diagnostic testing, and personal interview. In ad-
dition, appropriate earned degrees in theatre are pre-
requisite to admission.
ORI 6430-Theories of Interpretative Reading (3) Psycholog-
ical and philosophical theories of creative, artistic oral read-
ing; the teaching of interpretative reading; practice in read-
ing from the works of selected modern authors.
THE 5116-Theatre History I (3) The development of the
theatre from its beginning through the Renaissance.
THE 5117-Theatre History II (3) The Restoration to the pres-
ent.
THE 5949-Individual Cooperative Work Experience (3-9)


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