Income Taxation

The course covers basic issues involved in the federal taxation of individuals, including the definition of taxable income the deductibility of certain business and personal expenses, the timing of inclusion or deduction, and capital gains. We will focus on specific provisions of the Internal Revenue Code and the Regulations, as well as cases and policy issues. This is a three-credit course, so it won't cover quite as much material as the four-credit tax course offered during the fall and spring semesters. But the class will cover all the material that's important as a prerequisite for the more advanced tax courses (partnership and corporate tax), so it's appropriate for those students who might want to take additional tax courses in the future, as well as for those who are interested only in the introductory tax course.