INCOME TAXATION INTENSIVE
(LAWN-4099) - 6 UNITS
This course combines the materials of Income Taxation I, Income Tax Timing Issues, and Income Taxation of Property Transactions in a single six-unit offering. Topics covered include the basic concepts of federal income tax law, gross income, exclusions, deductions, gains and losses from the disposition of property, accounting methods, net operating losses, interest imputation, error correction, deferred payment sales, non-recognition transactions of individual taxpayers, depreciation recapture, and tax research. Student will be asked to research and prepare a tax memorandum.
Open only to students in the Tax LLM or Joint JD/Tax LLM program. No JD credit awarded. Only offered as part of the Tax LLM Intensive Summer Session. Credit for subsumed courses (Income Taxation I, Income Tax Timing Issues, and Income Taxation of Property Transactions) cannot be awarded towards the Tax LLM degree in addition to credit for this course.