Paul L. Caron

Tuesday, January 29, 2019

How To Choose Where To Get Your Tax LL.M. Degree

LLM 2Above the Law, How To Choose Where To Get Your Tax LL.M. Degree:

A few weeks ago, I wrote about whether it is a good idea to get a LL.M. in Taxation after law school. To make a long story short, go if you know what you want to do after graduation and have either prior professional tax experience or have done well in your tax classes. Don’t go just because you think tax “sounds interesting,” or you want to do a law school do-over.

So today, I want to give some advice to help future tax lawyers choose the right Tax LL.M. program. ...

First, consider options other than a Tax LL.M. Some law schools do not have a formal Tax LL.M. program but award a general LL.M. with a tax specialization. There are also other advanced tax degrees. The more common ones are the Master of Taxation, the Master of Science in Taxation, and the Master of Business Taxation degrees. There are also MBA programs with a focus on tax and accounting. ... Which one is right for you depends on your goals. ...

Second, when it comes to Tax LL.M. degrees, rankings still matter, although to a point. The TaxProf Blog publishes its annual top tax law programs taken from the U.S. News Tax Law Rankings. NYU is consistently ranked as the top Tax LL.M. program, with Florida and Georgetown rounding out the top three. The rest of the top stay the same although their rank tends to shuffle every year.

Generally, it is recommended to go to the name brand schools: NYU, Florida, Georgetown, and Northwestern. This is because these degrees carry a lot of weight and are known nationwide. If you are not interested in these schools, then it is better to choose a school in the area you want to practice in with priority given to the schools in the TaxProf list. ...

If you want more detailed information about selecting a Tax LL.M. program, read these two articles:

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