LAW182

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STAT: FEDERAL INCOME TAX

Course Title

STAT: FEDERAL INCOME TAX

Course Number

182

Min

3

Course Types

Letter Grading

Credit Type

REQUIRED FIRST-YEAR

Description

STATUTORY: FEDERAL INCOME TAX is a problem-oriented introduction to the fundamental principles of federal income taxation, particularly as applied to individuals, including: the concept of gross income, identification of the proper taxpayer, deductions, income tax accounting, capital gains and losses, deferred payment sales and nonrecognition transactions. Consideration will be given to issues of tax policy and tax planning techniques. The course will emphasize rigorous analysis of the Internal Revenue Code and Regulations.

This course counts as a requirement for the Taxation Concentration.