259A sec. 001 - Income Tax I (Fall 2024)
Instructor: Dhammika Dharmapala
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Units: 4
Grading Designation: Graded
Mode of Instruction: In-Person
Meeting:
MTuTh 10:00 AM - 11:10 AM
Location: Law 170
From August 19, 2024
To December 02, 2024
Course End: December 02, 2024
Class Number: 31953
Enrollment info:
Enrolled: 43
Waitlisted: 0
Enroll Limit: 60
As of: 05/15 11:57 PM
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: 3 hours
Course Category: Tax Law and Policy
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Books:
Required Books are in blue
- Federal Income Taxation
Joseph Bankman, Daniel N. Shaviro, Kirk J. Stark, Erin A. Scharff
Publisher: Aspen Publishing
ISBN: 9781543838589
e-Book Available: unknown
Price: To Be Determined - Federal Income Tax: Code and Regulations--Selected Sections (2024-2025)
J Peroni Robert
Edition: 2024-2025
Publisher: Wolters Kluwer
ISBN: 9780808060260
e-Book Available: Unknown
Copyright Date: To Be Determined
Price: To Be Determined