Faculty and Administration Profiles

Jeffrey L. Kwall

About

Jeffrey L. Kwall's SSRN Website

Jeffrey L. Kwall is the Kathleen and Bernard Beazley Professor of Law at Loyola University Chicago School of Law. He has been a leading force in developing Loyola's innovative and expansive tax law curriculum, tax certificate program, and accelerated LLM in Taxation program. Professor Kwall is the author of The Federal Income Taxation of Corporations, Partnerships, Limited Liability Companies and Their Owners (7th ed., University Casebook Series, Foundation Press, 2023), and the Federal Income Taxation of Individuals: An Integrated Approach (Doctrine and Practice Series, Foundation Press, 2020). Both casebooks have been adopted at many law schools. He has published tax articles in numerous journals including the North Carolina Law Review, Indiana Law Journal, Ohio State Law Journal, Florida Tax Review, and Virginia Tax Review. Professor Kwall has testified before the House Ways & Means Committee on the tax reform of closely-held businesses. 

Professor Kwall was awarded a BA, summa cum laude, from Bucknell University where he received the Gretzinger Prize for the highest standing in economics.  He received an MBA in Finance from the Wharton School and a JD, cum laude, from the University of Pennsylvania Law School.  He served for more than 20 years as of counsel to the Chicago law firms Schwartz & Freeman, and Michael Best & Friedrich. Professor Kwall is a member of the Corporate Tax Committee of the American Bar Association, and the Executive Committee of the Federal Tax Committee of the Chicago Bar Association, for which he also served as chair. 

Degrees

BA, Bucknell, 1977
MBA, Wharton, 1981
JD, Pennsylvania, 1981

Program Areas

Advanced Corporate Tax
Business and the Law
Corporate and Partnership Tax
Federal Income Tax
Financial Planning for Lawyers and Clients
LLM Tax Seminar
Property
Senior Tax Seminar

Selected Publications

Books

The Federal Income Taxation of Individuals, An Integrated Approach  (Foundation Press, Doctrine and Practice Series, 2020 - forthcoming). 

The Federal Income Taxation of Corporations, Partnerships, Limited Liability Companies and Their Owners (6th ed., Foundation Press, University Casebook Series, 2019).

Fundamentals of Modern Property Law (7th ed., University Casebook Series, Foundation Press, 2017) (with E. Rabin, R. Kwall and A. Arnold).

The Tax Consequences of Contingent Payment Transactions, Tax Management U.S. Income Portfolio Series, No. 566 (Bloomberg BNA, 2014)(with T. Schally).

Articles

“The Outer Limits of Realization: Weiss v. Stearn and Corporate Dilution,” 17 Florida Tax Review 47 (2015) (with K. Wilbur).

“When Should Asset Appreciation Be Taxed?: The Case for a Disposition Standard of Realization,” 86 Indiana (Bloomington) Law Journal 77 (2011).

“The Repeal of Graduated Corporate Tax Rates,” 131 Tax Notes 1395 (2011).

“Backdating,” 63 Business Lawyer 1153 (2008) (with S. Duhl).

“What is a Merger?: The Case for Taxing Cash Mergers Like Stock Sales,” 32 J. Corp. L. 1 (2006).

“Justice: The Impact of a Lawyer's Personal Philosophy,” 36 Loy.U.Chi. L.J. 513 (2005) [article]

"Dethroning King Enterprises," 58 Tax Lawyer 1 (2004) (K. Maynard).

“Out with the Open-Transaction Doctrine: A New Theory for Taxing Contingent Payment Sales,” 81 No. Car. Law Rev. 977 (2003).