Income Tax (3 Credits) LAW 0701

Course introducing basic concepts of federal income taxation: gross income; exemptions, deductions, and credits; timing and other problems involving accounting methods; capital gains and losses; and assignment of income. This course is a Fall semester second year preference course for day students and is offered every Fall semester for third and fourth year evening students. This course is a Fall semester second year preference course for day students and is offered every Fall semester for third and fourth year evening students. Not open to students who are taking or have taken Introduction to Income Tax (LAW 0702).