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Income Taxation


Law 280

4

Core

None

No

Yes

Bryan section Fall semester 2013: 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 Fall semester 2013: 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.

Thomas section Spring semester 2014:  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.


Bryan section Fall semester 2013: Income Taxation is a foundational course, and so is recommended for either the fall or spring semester of the second year. Income Tax is a prerequisite to the more advanced tax courses, which are often best taken as electives in the third year. The basic income tax concepts learned in this course will also contribute to the understanding of many advanced business courses.

Polsky section Fall semester 2013: 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.

Thomas section Spring semester 2014: Income Taxation is a foundational course, and thus is recommended for the second year. It is a prerequisite to more advanced tax courses. The basic income tax concepts learned in this course will also contribute to the understanding of many advanced business courses.


Bryan section Fall semester 2013:

No Prerequisites.

Income tax is especially important for those students who come to law school without any accounting or business background since the basic tax concepts are frequently implicated in every field of practice. Students with accounting or business backgrounds will also want to take Income Tax, both because the law school course will have a different focus than undergraduate courses, and because this class is a prerequisite to the more advanced law school tax classes (such as corporate tax and partnership tax).

It's important to emphasize, though, that an accounting or business background is not necessary to understand the tax concepts and rules taught in this class, and that the material will be accessible to students of different levels of knowledge and experience, including those who come in with no exposure or understanding of tax whatsoever.

Polsky section Fall semester 2013: No accounting or business background is necessary.

Thomas section Spring semester 2014: No Prerequisites. No accounting or business background is necessary.


P. Bryan, G. Polsky, M. Simkovic (Visitor), K. Thomas

Fall, Spring
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