An intensive introduction to the basic principles of federal income taxation and of statutory construction, including gross income, exclusions, business and personal deductions, tax accounting, exemptions, adjusted gross income, taxable income, credits, gains and losses, depreciation, recapture, and non-recognition.

This upper-level, substantive course covers the laws, regulations, and policies that are foundational to the federal income taxation system.

Recommended for the Following Professional Pathways: Family Law; Government/Public Sector; Labor and Employment; Corporate Transactions and Governance; Financial Services and Compliance; Health Care Management and Compliance; International Business; Labor and Employment (Corporate Perspective); Real Estate and Land Use; Tax; Trusts and Estates; Media, Entertainment, Sports, Fashion; General Practice – Transactional; General Practice – Litigation/Dispute Resolution

Prerequisite: This course is a prerequisite for all other tax courses.

4 Credits