Professor Grace Allison
Adjunct Professor of Law
A.B., 1967, Wellesley College
M.A.T. (Master of Arts in Teaching) in English, 1969, The University of Chicago Graduate School of Education
J.D., 1979, The University of Chicago Law School
Grace Allison, a graduate of The University of Chicago Law School and Wellesley College, is a Qualified Tax Expert in the Business and Tax section of the Law School's Clinical Programs, and also teaches Nonprofit Organizations, a drafting course. Before relocating to Albuquerque in 2011, she was Senior Vice President and Tax Strategist for Northern Trust in Chicago, a major trust company with thousands of charitable trusts. A tax lawyer with a strong interest in philanthropy, Grace serves on the boards of three New Mexico charities and is Vice Chair of the Charitable Planning and Organizations Group, Real Property Trust and Estate Section, American Bar Association. She has written numerous articles about taxes and philanthropy and is the author of Legacy: Conversations About Wealth Transfer.
Business and Tax Clinic
Pre-requisite: Completion of first year curriculum. Pre- or co-requisite: Ethics.
Preference: Completion of Federal Income Tax and any Business Law courses.
Summer 2013--Prof. Nathalie Martin, Prof. Grace Allison
Fall 2013--Prof. James Butler, Prof. Mary Pareja
Spring 2014--Prof. James Butler, Prof. Mary Pareja
This clinic section is part of the law school's Economic Development program. Although specific types of client matters cannot be guaranteed, the Business and Tax Clinic will emphasize the following:
- student representation of low-income taxpayers in disputes before the IRS and the New Mexico Taxation and Revenue Department, including Tax Court litigation, audit defense, and collections matters;
- assistance to startup and established nonprofit organizations seeking IRS recognition of tax-exempt status and other operational assistance;
- support of community-based efforts to promote economic development; and
- legal services to low-income, small-business clients who cannot afford to hire a lawyer.
Small-business cases will likely include the following:
- giving advice on the choice and formation of business entities;
- drafting organizational documents;
- reviewing and drafting leases, purchase and licensing arrangements and other contracts; and
- resolving business disputes.
Cases and instruction will also include matters of personal interest to a new lawyer seeking to open his or her own practice. We strive to provide a broad-spectrum experience, including pure transactional practice (small business startup, contract drafting), dispute resolution (IRS controversy, small case business controversies) and consumer protection (bankruptcy, foreclosure defense and consumer credit dispute resolution).
Clients of the law school’s Clinical Law Program include individuals and organizations that have multiple legal and non-legal needs and objectives. Students of the Business and Tax Clinic often collaborate with students of the Community Lawyering Clinic or Southwest Indian Law Clinic in providing services to these clients.
Students will be required (1) to attend and actively participate in up to five classroom sessions (ten during summer’s first three weeks) during each week of the academic semester and (2) to maintain, in addition to classroom hours, a schedule of 24 (2-hours block) fixed office hours (physically present in the clinic, working on clinic matters) each week during Summer, or 16 (2-hours block) fixed office hours each week during Fall and Spring semesters.
Students having specific questions about the Business and Tax Clinic are encouraged to visit with Profs. Allison, Butler, Martin, or Pareja.
Books Authored or Co-authored
Reader, Building on Best Practices: Transforming Legal Education in a Changing World, Maranville et al., eds., forthcoming 2015.
Legacy: Conversations about Wealth Transfer, Trimark Press (2nd ed., 2011).
"Spotlighting the Taxpayer Relief Act of 1997," The Lawyer’s Guide to Retirement, 3rd ed., American Bar Association, 1998 (with David Hirschey).
"Tax Years," chapter K:9 in 8 Bender’s Federal Tax Service (1991).
“Donors, Volunteers and the Administration’s FY 2016 Revenue Proposals,” E-Report, Real Property Trust & Estate Section, American Bar Association, March, 2015.
“$100,000 IRA Charitable Rollover for 2014?” E-Report, Real Property Trust & Estate Section, American Bar Association, November, 2014.
“Camp Tax Reform Proposal & the Income Tax Charitable Deduction,” E-Report, Real Property Trust & Estate Section, American Bar Association, April, 2014 (with Jessica Baggenstos).
“Non-filing and Tax-Exempt Status: Revocation and Reinstatement,” E-Report, Real Property Trust & Estate Section, American Bar Association, April, 2014.
"2013-14 Priority Guidance Plan Has a Surprise for Private Foundations," E-Report, Real Property Trust & Estate Section, American Bar Association, November 2013.
“Charitable Giving Alert,” E-Report, Real Property Trust & Estate Section, American Bar Association, November, 2012.
"2013-14 Priority Guidance Plan Has a Surprise for Private Foundations," E-Newsletter, Real Property Trust & Estate Section, American Bar Association, November 2013.
"Charitable Giving Alert," E-Newsletter, Real Property Trust & Estate Section, American Bar Association, November, 2012.
"Private Foundations in Transition, Part 2: Governance Issues in 2011 and Beyond," Probate & Property, May/June 2011 (with Ramsay H. Slugg and Janne G. Gallagher).
"Private Foundations in Transition, Part 1: Governance Issues in 2011 and Beyond," Probate & Property, March/April 2011 (with Ramsay H. Slugg and Janne G. Gallagher ).
"The New Form 990 for Tax-Exempt Organizations," Estate Planning, March, 2010.
"The Exempt Organization Division Reports on Tax Compliance," Taxation of Exempts, May/June, 2009.
"Exempt Organization Compliance at the IRS," Taxation of Exempts, July/August, 2008.
"Questions Unanswered in Prohibited Tax Shelter Provisions, Taxation of Exempts, January/February, 2008 (with Paul Carman).
"Administering Split-Interest Charitable Trusts: Five Myths," Trusts & Estates, October 1999.
"New rules increase exposure of lessors to tax on rents that will not be received until later," Journal of Taxation, January, 1986.
Co-presenter with Jessica Baggenstos, "Connecting with Donors: Practical Pointers on Charitable Contributions at Year-End 2013," American Bar Association eCLE (webinar), November 19, 2013.