Loyola University Chicago

Quinlan School of Business

Faculty and Staff

John Janiga

Title/s: Professor

Office #: Schreiber 511

Phone: 312.915.7104

E-mail: jjaniga@luc.edu

About

Professor John M. Janiga is a registered CPA and a licensed attorney in Illinois. He holds a BBA in Public Accounting, an MBA in Finance, and a JD Cum Laude from Loyola University Chicago and a post-doctoral degree in tax law (LLM in Taxation) from DePaul University College of Law. He has been a full-time professor at Loyola for 31 years, teaching primarily undergraduate and graduate tax courses for the last 28 years.  For the last 12 years, he has served in an Of Counsel capacity to the law firm of Spagnolo & Hoeksema, LLC, located in Hoffman Estates, Illinois. There, he provides counsel in the areas of estate planning, Federal and Illinois taxation, and business law, including all aspects of business formations and operations.

Prior to joining Loyola’s faculty, he held several positions – as an auditor with Price Waterhouse & Co. (now known as PwC), as a financial analyst with a manufacturer based in suburban Chicago, and was associated with both small and large Chicago law firms, practicing in the areas of taxation, estate planning, and deferred compensation.

He is the author or co-author of numerous articles published in professional and academic journals such as Taxation for Accountants, Taxation for Lawyers, The Tax Adviser, Estate Planning, Trusts & Estates, Taxes, Illinois Bar Journal, Real Property, Probate and Trust Journal, Journal of Passthrough Entities, Practical Tax Strategies, Loyola University Chicago Law Journal, and Pepperdine Law Review, and two editions of a book on tax and estate planning, most recently published by Simon & Schuster.

He has received numerous awards and honors, including being named the recipient of Loyola’s Quinlan School of Business 2010-2011 “Outstanding Undergraduate Teacher of the Year Award;” being selected as Beta Alpha Psi’s Beta Iota Chapter “Accountant of the Year;” being inducted into Gordon Tech High School’s “Alumni Hall of Fame;” being twice named the “Faculty Member of the Year” in the Quinlan School; and being named co-recipient of the 2008 Illinois CPA Society’s “Outstanding Educator Award” for 4-Year Institutions. He is currently listed or has been listed in Who's Who in American Law, Who’s Who in Academia, Who’s Who in Business Higher Education, Who’s Who Among American Teachers & Educators, Who’s Who in Executives and Professionals, Personalities of America, Who’s Who Among Rising Young Americans, and Who’s Who: American Law Students.  He was included in The Princeton Review’s The Best 300 Professors (2012), a book published by Random House, which profiles the top undergraduate professors in the U.S. He was one of only four accounting professors included in the book and the only one whose primary teaching and research focus is taxation.

He is a member of the Illinois CPA Society (honorary lifetime), the Chicago Bar Association, the American Accounting Association, and the American Taxation Association, an organization in which he has been a member of numerous committees.

Degrees

  • LLM in Taxation, DePaul University College of Law, 1991
  • JD, Cum Laude, Loyola University Chicago School of Law, 1988
  • MBA, Finance, Loyola University Chicago, 1982
  • BBA, Public Accounting, Loyola University Chicago, 1979

Research Interests

  • Federal Income Taxation 
  • Federal Transfer Taxation

Professional & Community Affiliations

  • American Bar Association
  • Illinois State Bar Association
  • Chicago Bar Association
  • American Accounting Association
  • American Taxation Association

Awards

  • 1995 Beta Alpha Psi (Beta Iota Chapter) "Accountant of the Year" Award
  • Delta Sigma Pi, Professional Business Fraternity (Selected for Honorary Faculty Membership), 1995
  • Arthur Andersen & Co. Alumni Faculty Fellow, 1994-95
  • Quinlan School of Business "Faculty Member of the Year" Award, 1992-93

Courses Taught

  • Taxation of Individuals 
  • Taxation of Corporations, Partnerships, Estates & Trusts
  • Federal Taxation (MBA)

Selected Publications

Refereed Articles 

 Janiga, J.M., Harrison, L.S. (2014). Discounts v. Step-Up Basis: Tax Rate Arbitrage Gone Bad (or Not as Good as Expected)? Journal of Passthrough Entities, 17(2), 15-20, 72-73.

Janiga, J.M., Harrison, L.S., Morris, N. (2014). Is a section 643(e)(3) Election Advisable? Practical Tax Strategies (Taxation for Accountants/Taxation for Lawyers), 93(4), 169-177.

Harrison, L., J.M. Janiga. “Holding Life Insurance in a Trust: Traps for the Unwary.” Journal of Passthrough Entities. 14 (2011). 15-16, 67-68.

Harrison, L., J.M. Janiga. “Strategies for Gifting in 2011 While Retaining Strings.” Journal of Passthrough Entities. 14 (2011).  9-10, 55-57.

Janiga, J.M., L. Harrison. "Do the Passive Activity Loss Rules Impact the Choice of a Family Limited Partnership Versus a Family Limited Liability Company for Estate Planning Discount Purposes?" Trusts & Estates. (2010).  

Harrison, L., J.M. Janiga. "Optimizing Entity Selection for Transfer Tax Discount Planning." Journal of Passthrough Entities. (2010).  

Janiga, J.M., L. Harrison. "Should the Step Transaction Doctrine Ever Apply in the Partnership Arena?: A Critical Examination of Linton, Adams, and Gross." Journal of Passthrough Entities. (2009).  

Janiga, J.M., L. Harrison. "Is a Horse Not a Horse When Entities Incur Investment Advisory Fees?" Journal of Passthrough Entities. (2007).  

Janiga, J.M., L. Harrison. "Pepperidge Farm Legacy." Trusts & Estates (2007).  

Janiga, J.M., L. Harrison. "Deducting Fees for Investment Advice." Trusts & Estates 146 (2007). 42-49.  

Janiga, J.M., L. Harrison. "The Interplay of Behavioral Economics and Portfolio Management with the Current Examination of Family Partnerships by the Courts." Real Property, Probate and Trust Journal. 40 (2005). 117-147.