STAT: FEDERAL INCOME TAX

Catalog description

STATUTORY: FEDERAL INCOME TAX is a problem-oriented introduction to the fundamental principles of federal income taxation, particularly as applied to individuals, including: the concept of gross income, identification of the proper taxpayer, deductions, income tax accounting, capital gains and losses, deferred payment sales and nonrecognition transactions. Consideration will be given to issues of tax policy and tax planning techniques. The course will emphasize rigorous analysis of the Internal Revenue Code and Regulations. This course counts as a requirement for the Taxation Concentration. Note: Students previously enrolled in MLS 094 may not enroll in this course.