ABA TAX CHALLENGE

Catalog description

The ABA Section of Taxation Law Student Tax Challenge (the "LSTC") is an annual inter-law school transactional tax planning and client counseling competition. The LSTC is designed to focus on the tax consequences of a complex business-planning problem and is intended to provide law students with the opportunity to research "real-life" tax planning issues and to demonstrate their acquired tax knowledge, through their writing and oratory skills. Students earn one unit for participating in the written portion of the competition, which occurs in the Fall semester and requires the preparation and submission of a longer partner memo and a shorter client memo. Student teams that advance to the semi-final round provide an oral defense of their work product at the ABA Section of Taxation Midyear Meeting, which occurs in January; for participating in the oral portion of the competition, students earn one additional unit, which is awarded in the Spring semester. Student teams are selected by the tax faculty. Interested students should contact the advisor for the tax concentration for more information about the selection process. Minimum cumulative GPA of 2.8 required for enrollment. Counts against the 20-unit cap for "non-classroom" work.