Schedule of Classes
259A sec. 1 - Income Tax I (Fall 2009)
Instructor: Mark Gergen (view instructor's teaching evaluations | profile)
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Units: 4
Meeting Time: MTuW 2:00-3:10
Meeting Location: 110
Course Control Number (Non-1Ls): 49667
Main Section Enrollment:
Enrolled: 75
Waitlisted: 0
Enroll Limit: 110
As of: 11/26 06:43 AM
The course is an introduction to federal income tax law. It focuses on the rules that apply to individuals. These also are the basic tax rules businesses use to determine their income and loss. A significant part of the course involves learning the conceptual structure of the income tax, including concepts of income, basis, realization, recognition, capital gains vs. ordinary income, and so on. The course will also cover basic issues of tax policy and the political economy of the income tax. A background in accounting is neither necessary nor, in my experience, particularly helpful. Relevant concepts of business, accounting, and finance will be explained. The math involved is basic addition, subtraction, multiplication, and division. There will be a "take-home" exam.
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Exam Notes: TH
Course Category: Tax, Estates, and Trusts
Course Subcategories:
Business Law
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Books:
Required Books are in blue
- Graetz & Schenk - Federal Income Taxation Principles and Policies - Ed. 6th ed. 2008 - Publisher: Foundation Press - ISBN: 9781599414171
- Lathrope - Selected Federal Taxation Statutes and Regulations - Ed. 2010 edition - Publisher: West - ISBN: 9780314907004
- Michael A. Livingston - Taxation: Law, Planning and Policy - Publisher: Anderson Pub Co (May 31, 2003); Publisher acquired by Lexis - ISBN: 9780870843334
