Income Taxation

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.

Polsky 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.

Bryan section:
Income Taxation is a foundational course, and so is recommended for the second year. It is a prerequisite to the more advanced tax courses, and will contribute to the understanding of many advanced business courses.

Polsky section:
Income Taxation is a foundational course, and so is recommended for the second year. It is a prerequisite to the more advanced tax courses, and will contribute to the understanding of many advanced business courses.

Turnier section:
It is best for students to take this course in the second year of law school so that they then have the opportunity to take other related advanced tax and business courses. Third year students are welcome in the course.

Bryan section:
No accounting or business background is necessary.

Polsky section:
No accounting or business background is necessary.

Turnier section:
This course does not require a business school background. Liberal arts majors should feel comfortable in the class with the instructor who was one himself.