Taxation of Individuals

3 units

This course presents an introduction to taxation. We will cover the fundamental elements of individual income tax, including income, deductions, investments, and computing tax liabilities. We then shift to business-related activities of individuals, including income, deductions, accounting periods and methods, and the tax consequences of purchasing assets, cost recovery, and property dispositions. We will close the semester with the following specialized taxation topics: compensation, retirement savings, and home ownership.