Thomas Sternburg

Thomas Sternburg

Teaching Assistant Professor of Accountancy

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Contact

4068 Business Instructional Facility

515 Gregory Dr

Champaign, IL 61820

217-333-3288

t-stern@illinois.edu

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Listings

Educational Background

  • Ph.D., Arizona State University, 1993
  • M.A.S., Accountancy (Tax), University of Illinois at Urbana-Champaign, 1980
  • B.S., Accountancy, University of Illinois at Urbana-Champaign, 1979

Positions Held

  • Teaching Assistant Professor of Accountancy, University of Illinois at Urbana-Champaign, 2018 to present
  • Clinical Assistant Professor of Accountancy, University of Illinois at Urbana-Champaign, 2016-2018
  • Associate Director BSA/MAS Program, University of Illinois at Urbana-Champaign, 2007-2015
  • Co-Director, AICPA/University of Illinois National Tax Education Program, 2007-2010
  • Coordinator, AICPA/University of Illinois National Tax Education Program, 2005-2010
  • Director of MS Tax Program Chicago, University of Illinois at Chicago, 2004-2005
  • Director of MS Tax Program, University of Illinois at Urbana-Champaign, 1998-2007
  • Lecturer of Accountancy, University of Illinois at Urbana-Champaign, 1995-2016
  • Visiting Assistant Professor of Accountancy, University of Illinois at Urbana-Champaign, 1993-1995
  • Discussion Leader, AICPA National Tax Program, 1986,1990-2003
  • Owner, Closely Held Business/ Tax Consulting, 1986 to present
  • Winakor, Bates & Burnson, Tax, 1980-1982

Recent Publications

  • Drnevich, D., & Sternburg, T. (2019). Publicly Traded Partnerships: Tax Treatment of Investors. The Tax Adviser, (April 2019), 276-286.
  • Drnevich, D., & Sternburg, T. (2017). Taxes and Organizational Form: An Activity in Partnership and Corporate Entities. Issues in Accounting Education, 32 (2), 65-72.
  • Finnegan, T., Molloy, K., & Sternburg, T. (2012). A Comprehensive Analysis of Cases Litigated in the Small Case Division of the U.S. Tax Court. American Taxation Association Journal of Legal Tax Research, 10 (1).

Other Publications

Articles

  • Finnegan, T., Molloy, K., & Sternburg, T. (2011). Information That All Taxpayers and Tax Professionals Should Know About the U.S. Tax Court: Is There a Need for CPA Representation in the Tax Court? Practice Advantage -- Illinois CPA Society.
  • Sternburg, T., Christian, C., & Sawyers, R. (1990). The Market for Tax Shelters: An Empirical Assessment of Implicit Taxes on Oil And Gas Limited Partnerships. Oil and Tax Quarterly, 88-99.

Book Chapters

  • Sternburg, T., South-Western Publishing (Ed.) (2005). 2005 Edition. Advanced Business Entities.
  • Sternburg, T., South-Western Publishing (Ed.) (2004). 2004 Edition. Advanced Business Entities.

Books and Monographs

  • Sternburg, T. (1992). Solutions for Textbooks. West Publishing Company.

Case Studies

  • Sternburg, T. (2010). Corporate Formation with Contingent Liability and Built-in Loss Property. Corporate Formation with Built-in Loss Property. Corporate Reorganization. S-Corporation Election and Built-in Gain Tax Graduate Tax Cases McGraw-Hill, Inc.

Working Papers

  • Sternburg, T. Taxable Partnership Distributions: Traps for the Unaware.
  • Sternburg, T. Unintended Consequences to Partnership Refinancing.

Honors and Awards

  • List of Teachers Ranked as Excellent by their Students, University of Illinois at Urbana-Champaign, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022

Teaching Interests

Teaches courses in corporate, partnership, S corporate, and individual taxation at the graduate and undergraduate level.

Research Interests

Research focuses on tax accounting, specifically the behavior of professional tax prepares.

Current Courses

  • Corporate Income Taxation (ACCY 551) Analyzes the tax treatment, problems, planning techniques, and underlying governmental policies involving corporations and their shareholders; coverage includes formations, operations, distributions, liquidations, reorganizations, and affiliations.

  • Partnership Income Taxation (ACCY 552) Analyzes the tax treatment, problems, planning techniques, and underlying governmental policies involving partnerships and their partners, including Subchapter S corporations and their shareholders.

Contact

4068 Business Instructional Facility

515 Gregory Dr

Champaign, IL 61820

217-333-3288

t-stern@illinois.edu

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