Federal Income Taxation

3 units

***COURSE IS ONLY OFFERED TO STUDENTS ENROLLED IN THE MLS/LL.M TAX PROGRAMS This course is a survey of the federal income taxation of individuals, with consideration of the nature of income, when and to whom income is taxable, exclusions from the tax base, deductions, credits and the tax consequences of property ownership and disposition. The instructor emphasizes tax policy and statutory interpretation. Students will work extensively with the Internal Revenue Code.