Taxation of Individuals

Catalog description

This course aims to develop concepts introduced in TAXN 4100 Principles of Entity Taxation related to individual and family taxation. We will further explore topics that may complicate certain taxpayers’ situations, including rental property ownership, tax credits, alternative minimum tax, special issues relating to 1099 self-employment income and deductions compared to employee compensation and expenditures, kiddie tax, and a more thorough understanding of charitable contributions, deductible interest costs, medical expense deductions, personal casualty events, and deductible taxes.