Bryan section:
This course covers basic issues involved in the federal taxation of individuals, including the definition of taxable income, deductibility of certain business and personal expenses, and computation of gains and losses on sales and exchanges.
Turnier section:
This course will cover the following topics: 1) what is taxable income; 2) personal deductions (e.g., interest, alimony, taxes, charitable contributions, etc.); 3) business expense deductions; 4) assignment of income; 5) capital gains; and 6) accounting methods. It is a user friendly introduction to the topic of income taxation and to a statutory based legal structure.