Recent Developments in Federal Income Taxation Part 1

OL067-16  |  On Demand  |  Update  |  Self-Study


This session will review the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect income taxation of individuals, corporations and their shareholders, and partnerships and partners.  Significant procedural developments also will be covered.


Number of Credits Type of Credits
2 Tax







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Bruce A. McGovern, JD, LLM

Bruce McGovern is a tenured member of the faculty at South Texas College of Law Houston, where he also serves as Director of the school’s Low Income Taxpayer Clinic. He received his undergraduate degree from Columbia University and his law degree from Fordham University School of Law. After law school, he served as a judicial clerk for Judge Thomas Meskill on the U.S. Court of Appeals for the Second Circuit in New York. He then practiced law with the law firm of Covington & Burling in Washington, D.C. He subsequently earned an LL.M. in Taxation from the University of Florida Levin College of Law, where he taught as a visiting faculty member before joining the faculty at South Texas College of Law Houston.

Professor McGovern teaches and writes in the areas of business organizations and taxation. His courses include Federal Income Taxation, U.S. Taxation of International Transactions, Partnership and Subchapter S Taxation, and Federal Tax Procedure. He frequently speaks on recent developments in federal income taxation. Professor McGovern is a member of the Council of the State Bar of Texas Tax Section, a former Chair of the Houston Bar Association Section of Taxation, and a Fellow of the American College of Tax Counsel.

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Martin J. McMahon, JD

Martin J. McMahon, Jr., is the James J. Freeland Eminent Scholar in Taxation and Professor of Law at the University of Florida Levin College of Law, where he teaches in the Graduate Tax Program and is Editor-in-Chief of the Florida Tax Review.  

He received a B.A, in economics from Rutgers University, a J.D from Boston College Law School, and an LL.M. in Taxation from Boston University Law School.  Professor McMahon taught previously at the University of Kentucky, and has been a visiting professor at the University of Virginia.  He was the Professor-in-Residence in the Office of Chief Counsel of the Internal Revenue Service in 1986 and 1987, and has been an instructor in the NYU/IRS Continuing Professional Education Program.  

Prof. McMahon is the coauthor with Boris Bittker and Lawrence Zelenak of the treatise FEDERAL INCOME TAXATION OF INDIVIDUALS (Warren, Gorham & Lamont 1988, 2d ed.1995, 3d ed., 2002), and, with the late Paul McDaniel and Daniel Simmons, four text books on federal income taxation, FEDERAL INCOME TAXATION (Foundation Press, 1995, 4d ed., 1998, 5th ed., 2004, 6th ed., 2008), FEDERAL INCOME TAXATION OF BUSINESS ORGANIZATIONS (Foundation Press 1991, 2d ed. 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2014 ), FEDERAL INCOME TAXATION OF CORPORATIONS (Foundation Press 1997, 2d ed., 1999, 3rd ed., 2006, 4th ed., 2014), and FEDERAL INCOME TAXATION OF PARTNERSHIPS AND S CORPORATIONS (Foundation Press, 1991, 2d ed., 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2012).  

In addition to publishing over fifty articles on various income taxation issues, Professor McMahon is a frequent speaker at tax conferences around the United States, and has lectured on U.S. taxation in a number of other countries, including Sweden, Germany, Poland, England, the Netherlands, Peru, and Chile.  He has chaired the Teaching Taxation Committee of the ABA Tax Section and the Tax Section of the Association of American Law Schools.  Professor McMahon is a fellow in the American College of Tax Counsel and a life member of the American Law Institute.  

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