LLM Taxation

The LLM is an advanced law degree that some people with a traditional law degree sometimes hold. Most universities have a small number of LLM programs and one of the most popular LLM programs in the United States is taxation law. An LLM degree would especially be useful if you're interested in working with government finance agencies such as the Internal Revenue Service or the Federal Trade Commission.
  1. Admissions Process

    • You'll need a law degree from an accredited law program at a four-year university. Other admission requirements vary by university but in general you'll need to fill out the program's application, send your application fee and mail in other documents such as your resume, personal statement and undergraduate and law school transcripts. Finally, you'll need two or more letters of recommendation.

    Courses Taken in an LLM Program

    • The types of courses a student would normally take in the LLM program vary by university, but some include a general class in income tax, federal tax procedures, corporate tax, ethics in income tax, divorce tax planning, real estate tax planning, state and local taxation and tax-exempt organizations.

    Value of an LLM Degree in the Job Market

    • For some students, having an LLM degree can improve the chances of advanced employment in the legal profession. For example, if you intend to teach taxation law at a university, this degree would add to your credentials. Or if you want to become the head of a law firm that specializes in taxation law, an LLM could prepare you specifically for that position. However, this still doesn't guarantee that an LLM degree will always increase your chances of a law career.

    Non-Legal Careers With an LLM Degree

    • If you're finding it difficult to find a job in the legal profession with your LLM degree, you can also seek out careers in other fields that suit your professional interests and where you can utilize this degree. For example, if you enjoy helping people understand our constantly changing taxation laws, you can offer your expertise to a local nonprofit organization and assist low-income families with preparing their taxes. You can also work as a legal analyst for local radio or TV stations.

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