TX 503. Taxation of Intellectual Property. 2 hours.

Covers the federal and state tax treatment of sales, purchases, licensing, and transfers of intellectual property. Course Information: Same as IP 503. Previously listed as IP 412/TX 329.

TX 505. Estate Planning I. 2 hours.

Topics include the initial interview, framing the scope of engagement, drafting the engagement letter, ethical issues during representation and the probate process, and drafting documents. Course Information: Same as EPL 505. Previously listed as EPL 411/TX 371. Prerequisite(s): EPL 512 or TX 512.

TX 506. Comparative and International Patent Law. 3 hours.

Examines substantive non-U.S. patent law, including an examination of treaties and conventions and illustration of how international patent systems operate. Course Information: Same as IBT 506 and IP 506. Previously listed as IP 494/IBT 769. Prerequisite(s): JD 432 or IP 432 or JD 469 or IP 469.

TX 508. State and Local Real Estate Tax. 2 hours.

Examines Illinois's ad valorem real estate tax, the need for such taxes, calculation and imposition of such taxes, processes of appeal, and collection. Course Information: Previously listed as TX 328.

TX 509. Tax Accounting. 2 hours.

Topics include income recognition, prepaid income, claim of right, cash equivalency, constructive receipt, long-term contracts, depreciation, deductions, inventories, estimated/prepaid expense, and expense versus capitalization. Course Information: Previously listed as TX 301. Prerequisite(s): EPL 505 or TX 505; and EPL 512 or TX 512.

TX 511. Tax and Employee Benefits Research. 2 hours.

Acquaints students with the of research materials available in the tax and employee benefits areas and develops their skills in researching issues. Course Information: Same as EB 511. Previously listed as EB 333/TX 333.

TX 512. Wealth Transfer Taxation I. 2 hours.

Topics include the role estate and gift taxes play in the federal transfer tax, tax calculation, taxable transfers, and gift tax exclusions and deductions. Course Information: Same as EPL 512. Previously listed as EPL 414/TX 370.

TX 515. Income Taxation of Estates and Trusts. 2 hours.

Explores taxation of personal trusts and estates; fiduciary rights, powers, and duties; trust accounting; virtual representation; total return trusts; and planning and drafting. Course Information: Same as EPL 515. Previously listed as EPL 418/TX 372. Prerequisite(s): EPL 512 or TX 512.

TX 516. Survey of Corporate Taxation. 2 hours.

Survey course of the materials of Corporate Taxation I and II on a less intensive basis. Course Information: Previously listed as TX 353.

TX 518. Business Practices for Tax Lawyers. 2 hours.

Explores basic accounting and interpretation of financial statements, and business activities giving rise to tax issues, including debt, securities, mergers, and bankruptcy. Course Information: Previously listed as TX 330.

TX 519. Corporate Taxation II. 3 hours.

Explores corporate reorganizations, including stock and asset acquisitions, corporate separations, issues related to affiliated corporations, and the survival and transfer of corporate attributes. Course Information: Previously listed as TX 351.

TX 520. Advanced Federal Income Tax. 3 hours.

Explores federal tax considerations for individual taxpayers, including include concepts of gross and taxable income, deductions, ordinary and capital gains, and deferred compensation. Course Information: Previously listed as TX 340. Prerequisite(s): JD 470 or EPL 470 or TX 470 or Tax 503 or EPL 503.

TX 522. Personal Financial Planning. 2 hours.

Enables students to do personal financial planning for clients. Topics include tax and investment issues, risk management, us of trusts and retirement options. Course Information: Same as EPL 522. Previously listed as EPL 435/TX 335. Prerequisite(s): EPL 512 or TX 512.

TX 524. Asset Protection Plan. 2 hours.

Topics include techniques and strategies for maximum wealth protection, including the selection of business entity, the use of trusts, foreign asset protection, and ethical issues. Course Information: Same as EPL 524. Previously listed as EPL 437/TX 389. Prerequisite(s): EPL 507 or TX 507.

TX 525. Tax Exempt Organizations. 2 hours.

Focuses on federal tax aspects of tax-exempt organizations, including charities, nonprofit organizations, private foundations, churches, hospitals, trade associations, social clubs, and political organizations. Course Information: Previously listed as TX 386.

TX 527. Taxation of Closely Held Businesses. 2 hours.

Examines tax aspects of sole proprietorships, C corporations, S corporations, partnerships, and limited liability companies for small and closely held businesses. Course Information: Previously listed as TX 334. Prerequisite(s): TX 513.

TX 528. State and Local Taxes. 2 hours.

Designed to provide a beginning familiarity with the practical aspects of a state and local tax practice, with emphasis on Illinois law. Course Information: Previously listed as TX 385.

TX 531. U.S. Taxation of International Transactions and Foreign Taxpayers. 2 hours.

Examines U.S. taxation of international commercial transactions involving U.S. and foreign taxpayers. Course Information: Same as IBT 531. Previously listed as TX 387/IBT 787.

TX 550. Externship and Practicum in Tax. 1-4 hours.

Placements include IDOR, IRS, U.S. Department of Treasury, law firms, and consulting firms. Course Information: May be repeated to a maximum of 4 hours. Previously listed as TX 395. Prerequisite(s): TX 513 and TX 511 or EB 511.

TX 593. TX Consortium: Kent. 1-4 hours.

Law school courses satisfactorily completed at Chicago-Kent College of Law. Course Information: May be repeated with approval. Applies to law school courses law students have received advance approval to complete at Chicago-Kent College of Law through our agreement with Chicago-Kent College of Law. Students will register through UIC and will pay tuition to UIC for these courses.

TX 594. Special Topics in Tax Law. 2 hours.

The topics will change from time to time to allow the professor and students to explore advanced topics in tax law. Course Information: May be repeated if topics vary. Previously listed as TX 324.

TX 595. TX Consortium: DePaul. 1-4 hours.

Law school courses satisfactorily completed at DePaul University College of Law. Course Information: May be repeated with approval. Applies to law school courses law students have received advance approval to complete at DePaul University College of Law through our agreement with DePaul University College of Law. Students will register through UIC and will pay tuition to UIC for these courses.

TX 596. Independent Study in Tax Law. 1-3 hours.

An independent study project must be approved by the director and requires scholarly study which will result in a significant contribution to tax planning law. Course Information: May be repeated if topics vary. Previously listed as TX 398.