Showing posts with label LLM. Show all posts
Showing posts with label LLM. Show all posts

Tuesday, July 10, 2012

MOAR Money!

There's so much stupid sh*t going on in this presTTTigious "profession" that I gave up trying to follow it, let alone post about it. Talking about not even trying any more, today's subject is Boston University's BosTTTon UniversiTTTy's new online Tax LLM. Even dry tax blogger Paul Caron noted, "Interestingly, tuition and fees for the online program will be higher than for the residential program: $44,712 v. $44,212."

Ka-Ching!

First, a word about BU. The law school hired 22 percent of its own graduates last year. With this record of suck-cess, why hide BU's light under a barrel when it can roll its brand out into new markets? And charge more to sit at your desk than its own?

Another word about BU: When it issues your LLM, is the diploma going to say either New York University or University of Florida? No? Then why the f*ck would you ever spend your own money on it? Those are the only schools that count, and NYU can even sometimes erase the stench of a prole JD.

What we have here is an unabashed money grab, presumably aimed at foreigners and the credulous. Looks like the law school scam is moving upmarket as disclosure requirements and bad publicity reduce the cash that can be extracted from aimless liberal arts grads.

Wednesday, April 13, 2011

MasTTTers in TTTaxation

A lawyer who represents herself has a fool for a client. Actually, I think we just have a fool, period. The short story is husband cashes out a life insurance policy, doesn't report the substantial gain, wife litigates the matter, and tax court agrees with the IRS that it's taxable. The money shot is here:
And, finally, the Browns’ experience, knowledge, and education weigh against them: both are licensed attorneys, and one has a master of laws degree (LL.M.) in taxation.
I couldn't find where Ms. Brown got her LLM, but her JD is from a solid school. Another blogger described it as "The perils of too much education."

Opinion is here: http://www.ustaxcourt.gov/InOpHistoric/5Brown.TCM.WPD.pdf.