The federal income taxation of individuals. The concept of income, exclusions from income, personal and business deductions, sales and exchanges of property, when income is taxable, and to whom it is taxable. A statutory law course based on the provisions of the Internal Revenue Code and judicial and administrative interpretations thereof.
Required texts for the course will be listed online as will the assignment for the first class. The top five students on the wait list should attend the first day. With the permission of the professor, a student may record a class for personal use.