Assistant Professor of Law
210 LAW UNL 68583-0902
(402)472-4332 | Email
Areas of Expertise
- Business Associations
- J.D., highest distinction, University of Iowa College of Law (2005)
- B.S., magna cum laude, Oklahoma State University (2002)
- Assistant Professor of Law, 2012
Professor Adam Thimmesch joined the faculty in 2012. He received his J.D. with highest distinction from the University of Iowa College of Law, where he was an Articles Editor on the Iowa Law Review. After law school, Professor Thimmesch practiced in the corporate group in Faegre Baker Daniels’ Minneapolis office. His practice focused on tax and business matters, including structuring and negotiating domestic and international transactions, advising clients on state, federal, and international tax matters, and handling tax disputes before the Internal Revenue Service and state taxing agencies.
Professor Thimmesch teaches Individual Income Tax, Corporate Finance, and Business Associations. His scholarship focuses on the constitutional limitations imposed on state taxing power.
(Law 632/G; 4 cr hr) An introduction to the law of business associations. This course examines the relationships among the various participants in business entities and, to a lesser extent, the relationships between business entities and outsiders.
(Law 746/G; 3 cr hr) Introduction to the theories and applications of modern corporate finance. The course will explore a range of topics, including: valuation theories; the efficient capital market hypothesis; risk, return, the capital asset pricing model, and arbitrage pricing theory; investment and financing decisions; optimal capital structure; the role of classical finance theory in legal decisions; and option theory. Prerequisite: Business Associations or permission of instructor.
Taxation-Individual Income Tax
(Law 637/G; 4 cr hr) Introduction to the structure and content of the federal income tax system, focusing primarily on taxation of individuals. Material covered includes the concept of income, deductions, income splitting, capital gains, and tax accounting. The course will attempt to give the student some technical proficiency in solving tax problems as well as an understanding of the tax policy decisions implicit in the technical rules.
- The Tax Hangover: Trailing Nexus, VA. TAX REV. (forthcoming 2014)
- The Illusory Promise of Economic Nexus, 13 FLA. TAX REV. 157 (2012).
- The Fading Bright Line of Physical Presence: Did KFC Corporation v. Iowa Department of Revenue Give States the Secret Recipe for Repudiating Quill?, 100 KENTUCKY L.J. 339 (2012).
- Beyond Treble Damages: Hanover Shoe and Direct Purchaser Suits after Comes v. Microsoft Corp., 90 IOWA L. REV. 1649 (2005).
- Iowa Expands Renewable Fuel Incentives, ETHANOL PRODUCER MAGAZINE, July 2011.
- Iowa Decision Upholds Tax Assessment Against Out-of-State Franchisor, LAW JOURNAL NEWSLETTER’S FRANCHISING BUSINESS & LAW ALERT, February 2011.
- Iowa Tax Case Could Cost Nation’s Franchises, FRANCHISING WORLD, September 2010.
- IRS May Lengthen Depreciation Schedule for Ethanol Plants—But Relief is Possible, ETHANOL PRODUCER MAGAZINE, December 2009.