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Spring 2023

5225 Financial Products Taxation - GUPTA- 23937

Professor(s): Ajay Gupta (ADJUNCT)

Credits: 2

Course Areas: Taxation 

Time: 5:30p-7:30p  TH  Location: 210 

Course Outline: The course will cover an understanding of how financial products are sought to be used (or abused) to “optimize” the tax characteristics of income—by recasting, for example, returns on equity as those on debt, or fixed returns as contingent returns, or ordinary income as capital gains, or domestic-source income as foreign-source, and so on.

Course Syllabus: Syllabus

Course Notes: (Synchronous Online)  The UH registration system instruction mode for this course is listed in parenthesis. After student registration opens, there may be instruction mode changes to this course up through two weeks before the first day of classes for the term, but notice of such changes will be sent to then-registered students. Contrary to the UH information, some student materials may not be available online, such as an assigned casebook. A physical classroom may be assigned for this course to give students a location in the Law Center to join the virtual class sessions. If the course has a final examination, the final and any other assessment for the course, such as a mid-term exam, will be conducted without the need to physically come to the Law Center, such as, for example, via the EBB portal as a take home exam or under remote proctoring


There is no required text or casebook. I will post all the readings and other assignments on the course’s TWEN website.

Information about professor Gupta is listed below:


Prerequisites: Yes  Federal Income Tax

First Day Assignments:

Final Exam Schedule: Take home exam      

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA: Yes

Pass-Fail Student Election: Available

Course Materials

No book required for this course

Course Materials. There is no required text or casebook. I will email you all
the readings and other assignments. The readings will mostly consist of selected
portions of two different treatises: Keyes, Federal Taxation of Financial Instruments
& Transactions (Keyes) and Bittker & Lokken, Federal Taxation of Income, Estates
& Gifts (B&L), both of which are available on Westlaw, supplemented by extracts
from casebooks and corporate finance texts, cases, IRS pronouncements, and
journal articles. I will email PDFs of all assigned readings, including those from the
two treatises. You will be responsible for looking up the relevant Code and
Regulations sections cited in the readings.