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Fall 2012 Course
Meets: M, T, W 3:20pm - 4:40pm in Austin Hall Room 101 - East
4 classroom credits

This course is an introductory study of federal income taxation covering inclusion and exclusion of items in computing gross income; deductions from gross income; tax accounting; capital gains and losses; and the treatment of the family. Consideration will be given to the interaction of legislative, executive, and judicial agencies in the making, administering, and interpreting of the tax law; to the goals of the tax law and possibilities for future development of it; to the private lawyer's professional role with respect to administration of the tax law; and to the impact of the tax law on private property transfers and other transactions.

Subject Areas: Taxation , Business Organization, Commercial Law, and Finance , Regulatory Law .