Introduction to federal income taxation. Focus is on the income taxation

of individuals and tax planning for individuals. The goal of this course

is to introduce students to the federal income tax law of the U.S. The
course provides an overview of the following elements of the tax
computation: gross income, deductions, credits, property transactions,
alternative minimum tax, employment taxes, and an overview of the estate

and gift tax. While the course primarily focuses on the income taxation
of individuals, the basic treatment of other entities is considered,
including the taxation of corporations, partnerships, limited liability
companies, trusts and estates. Moreover, it should be emphasized that
many of the basic tax rules examined apply to all entities. In addition,

a portion of the course is devoted to tax research, enabling students to

appreciate the sources of tax law such as the Internal Revenue Code,
Regulations, administrative pronouncements and case law. Normally A551
Tax Research is taken concurrently with A515.