Brant J. Hellwig
Associate Professor of Law
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Contact Information
Room 419
USC School of Law
701 Main Street
Columbia, South Carolina 29208
v 803-777-7229
f 803-777-2368
hellwig@law.sc.edu
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Courses
INCOME TAXATION, LAWS 633 (3 hours) Basic concepts of income taxation of individuals, gross income, adjusted gross income, applicable deductions, credits, gains and losses, and nonrecognition transactions. Examination of concepts of capital gains and losses, including questions of basis, nonrecognition in certain exchanges, and carry-over of losses.
PARTNERSHIP TAXATION, LAWS 637 (3 hours) An examination of the classifications, organization, operation, and dissolution of partnerships for federal income tax purposes, basis of partnership interests, determination of partnership income, sales of partnership interests, death, and retirement of a partner.
TAXATION OF PROPERTY TRANSFERS, LAWS 802 (2 hours) This course will provide the tax background for students who have taken or plan to take Real Estate Transactions II and are interested in the tax consequences of acquiring, holding, and disposing of various types of property. Topics covered will include, among others, an in-depth exploration of adjusted basis, capitalization, cost recovery and recapture, realization and recognition, capital gains and losses, non-recognition transactions, the effect of mortgages on basis and amount realized, cancellation of indebtedness, limitations on losses including the at-risk rules and the passive activity rules, and deferred payment sales.
TRUSTS AND ESTATES, LAWS 646 (4 hours) Disposition of property upon death by intestacy, by will, and by will substitute, including consideration of the related problems of limitations upon the testamentary power and contests of testamentary disposition, intervivos disposition of property by gift and trust, future interests and rules regarding restraint on alienation, There will also be a brief survey of administration and probate.
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