LAW 613: Federal Income Tax - fall

A study of the nonbusiness taxpayer, characteristics of income, inclusions and exclusions, personal deductions, exemptions and credits, sales and other dispositions of property, and capital gains and losses. The course includes study of the gross income and deductions of the business taxpayer, including expenses and losses incurred on business or profit seeking activities, bad debts and worthless securities, depreciation, amortization, investment credit, and depletion.