LAW540

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FEDERAL INCOME TAX: UPPER DIVISION

Course Title

FEDERAL INCOME TAX: UPR DIV

Course Number

540

Min

3

Course Types

Letter Grading

Credit Type

GPA LECTURE COURSES

Description

FEDERAL INCOME TAX UPPER DIVISION (540) MEETS THE STATUTORY COURSE REQUIREMENT FOR GRADUATION.

This course 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, capital gains and losses, charitable contributions, and non-recognition 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.

NOTE: Students who have taken the first-year Federal Income Taxation statutory course (182) may not enroll in this course. Enrollment in both 1st Yr Federal Income Tax (182) and Federal Income Tax Upper Division (540) is not permitted.