LAW 5105: Federal Income Taxation

Course Catalog Number: 
5105
Course Credits: 
4
Course Priority: 
Core Course - 2nd Year Priority
Offering Frequency: 
Every semester
Course Category: 
Standard Courses
Full Year Course: 
No
Course Type: 
Lecture

This course will introduce the basic concepts found in the Internal Revenue Code, as interpreted by the Internal Revenue Service and the courts. We will explore the concept of “income,” and specifically consider the difference between ordinary income and capital gain, the timing of income inclusion, and the determination of a taxpayer’s basis in property (which relates to the calculation of income). We will also explore exclusions and deductions that may reduce a taxpayer’s income.

This course has two primary goals: first, to give the students a basic familiarity with the Internal Revenue Code so that they will be aware of tax issues that may arise in their practice, and second, to prepare students who have (or acquire) a deeper interest in tax for more advanced courses in taxation.

Prerequisites: 

Course Offerings

Class Number:
14063
Term:
Spring 2014-15
Professor(s):
Class Number:
14285
Term:
Fall 2014-15
Professor(s):