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Prescott, Peter

Assistant Professor - Business Law
College of Business



Academic/Professional/Personal Focus

Areas of Expertise

Federal Income Taxation

  • Partners and partnerships
  • Intellectual property
  • International transactions

Contributions: (published works or studies, conference presentations)


  • Taxing Luck (work in progress)
  • Jumping the Shark: The Case for Repealing the TEFRA Partnership Audit Rules, 11 Fla. Tax Rev. 503 (2011)
  • Taxpayer Civil Penalty Protection: Long Term Capital Holdings and Its Wake, 81 Temp. L. Rev. 995 (2008)


  • Look Homeward Angel: Tax Aspects of Loan Modfications and Short Sales, ABA Tax Section Meeting, Washington, DC, May 2010

Butler Assignment (classes or work duties)

LE 263: Legal Environment of Business

LE 365: Business Law I

Personal Hobbies

Running, Italian cooking, watching movies, and reading science fiction



J.D., summa cum laude, The University of Houston Law Center

MPA (Taxation), The University of Texas at Austin

M.S. (Chemistry), The University of Chicago

B.A. (Chemistry & Physics), summa cum laude, Augustana College (Sioux Falls, SD)

Professional Credentials

Licensed to practice law in Texas

Licensed Certified Public Accountant in Indiana (inactive)



  • AICPA Elijah Watt Sells Silver Medalist for earning the 2nd highest score nationwide on the May 1999 CPA Exam

The University of Houston Law Center:

  • Graduated #2 in class
  • 2004 and 2005 West Publishing Co. Outstanding Scholastic Achievement Awards for the highest GPA in entering class after each of those academic years
  • Awards for highest grades in Constitutional Law, Procedure I, Property I, and Contracts I
  • 2005 Chamberlain Hrdlicka Scholarship for highest grade in Federal Income Tax
  • 2005 Akin Gump Struass Hauer & Feld LLP Award for the best note or comment on corporate, securities, or business law
  • Houston Law Review, Articles Editor
  • Order of the Coif

The University of Texas at Austin:

  • 1997-1999 AICPA John L. Carey Scholarship (awarded to a handful of beginning graduate students in accounting nationwide)
  • 1999 Dean's Award for Academic Excellence
  • 1999 Sommerfeld Scholar

Association Memberships (professional/educational)

Academy of Legal Studies in Business (including Ethics Section)

American Bar Association (including Tax Section)

Professional Experience

Indiana University Robert H. McKinney School of Law: 2009-2012

Exxon Mobil Corporation: 2007-2009

Haynes and Boone, LLP: 2006-2007

Chamberlain, Hrdlicka, White, Williams & Martin: 2004-2006

KPMG LLP: 1999-2004