Apart from their assigned mod courses, 1L students may only enroll in courses offered as 1L electives. A complete list of these courses can be found on the 1L Elective Listings page. 1L students must use the 1L class number listed on the course description when enrolling.
259A sec. 001 - Income Tax I (Spring 2024)
Instructor: Dhammika Dharmapala
View all teaching evaluations for this course - degree students only
Units: 4
Grading Designation: Graded
Mode of Instruction: In-Person
Meeting:
MTuW 10:00 AM - 11:10 AM
Location: Law 170
From January 08, 2024
To April 23, 2024
Course End: April 23, 2024
Class Number: 33076
Enrollment info:
Enrolled: 20
Waitlisted: 0
Enroll Limit: 41
As of: 04/27 10:16 AM
Income Tax I provides an introduction to the federal income taxation of individuals. (More advanced courses focus on corporations, partnerships, international businesses and investment, and tax policy.) Topics covered in this course include (but are not limited to) the following: the concept of income and what constitutes income; deductions; the tax treatment of gains and losses; the concept of basis; the tax treatment of transactions involving debt; the realization doctrine and the timing of taxation; the tax treatment of charitable contributions and of nonprofit entities; tax shelters; the concept of a capital asset. The class uses a combination of lectures, class discussion, and problems. Its focus is on the application of the Internal Revenue Code, Treasury Regulations, cases, and other sources of tax law. Policy issues underlying the tax law will also be analyzed. The class has no prerequisites. It requires no familiarity with economics or accounting. No mathematical skills are needed beyond basic arithmetic. There will be a final in-class, open-book exam.
Exam Notes: (F) In-class final exam
Exam Length: 2 hours
Course Category: Tax Law and Policy
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Books:
Required Books are in blue
- Federal Income Tax: Code and Regulations--Selected Sections (2023-2024)
J Peroni Robert
ISBN: 9780808059134
e-Book Available: unknown
Price: To Be Determined - Federal Income Taxation
Joseph Bankman, Daniel N. Shaviro, Kirk J. Stark, Erin A. Scharff
Publisher: Aspen Publishing
ISBN: 9781543838589
e-Book Available: unknown
Copyright Date: To Be Determined
Price: To Be Determined