Introduction to Federal Taxation

Catalog description

This course provides an overview of Federal income tax concepts, including gross income, deductions, credits, gains and losses from dispositions of property, deferred and tax exempt transactions, assignment of income, tax accounting, and other special topics. Emphasis will be placed on interpreting the Internal Revenue Code and Regulations as well as case law. Students will be required to show evidence of scholarly research through a major writing assignment on an emerging tax issue.