TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Thursday, August 26, 2010

ABA Releases Law Student Tax Challenge Problem

Law Student Tax Challenge (2010) The ABA Tax Section has released the problem (J.D.; LL.M.) and updated rules (J.D.;LL.M.) for the 10th Annual Law Student Tax Challenge:

An alternative to traditional moot court competitions, the Law Student Tax Challenge asks two-person teams of students to solve a cutting-edge and complex business problem that might arise in everyday tax practice.

J.D.: This year's J.D. problem focuses on the personal income tax effects of a famous athlete's divorce from his wife, as well as his subsequent attempts to repair his marriage and his professional sports career. The problem asks participants to evaluate alternate property settlement proposals from his wife's lawyer and analyze the deductibility of certain expenses incurred by the client.

LL.M: This year's LL.M problem focuses on a wealthy energy tycoon's attempt to reorganize his existing investments and acquire an interest in the burgeoning electric car business. The problem asks participants to recommend the best structure for: the tycoon's purchase of the oil rig business owned and operated by one of his current investments, the reorganization of his investments into an S corporation, and his new investment in the electric car business.

Teams are initially evaluated on two criteria: a memorandum to a senior partner and a letter to the client explaining the result. Based on this written work product, 6 teams from the J.D. Division and 4 teams from the LL.M. Division will receive a free trip (including airfare and accommodations for two nights) for the Section's 2011 Midyear Meeting, January 20-22 at the Boca Raton Resort & Club in Boca Raton, FL, where they will defend their submissions before a panel of some of the country's top tax lawyers.

The competition is a great way for law students to showcase their knowledge in a real-world setting and gain valuable exposure to the tax law community. On average, more than 40 teams compete in the J.D. Division and more than 20 teams compete in the LL.M. Division.

At several institutions, the competition is used as a learning tool. The competition offers motivated students a tremendous opportunity to learn more about tax law, interact with professionals in the world of tax, and earn credit while doing so.

Upcoming Deadlines:

  • Nov. 5, 2010:  Written Submissions Due
  • Dec. 6, 2010:  Semi-Finalists and Finalists Notified
  • Jan. 21, 2011: Semifinal and Final Oral Rounds at Section of Taxation Midyear Meeting

For the results, problems, winning answers, judges, and entrants for the prior competitions (2001-2009), see here. For TaxProf Blog coverage of prior winners, see 2009, 2008, 2007, 2006, and 2005.

ABA Tax Section, Conferences, Tax, Teaching | Permalink

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