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Law Courses Catalog

Income Taxation I

DescriptionAn introductory course in federal income taxation with primary focus on the principles and policies of the Internal Revenue Code regarding taxation of individuals. Major topics include definition of income, deductions and credits, problems of timing, gains and losses from property transactions, assignment of income, capital gain and loss, and tax accounting. Emphasis is placed on the use of the Code and Treasury Regulations, along with selected cases and other materials.