Introduction to Income Tax

B650 is taught by D. Gamage, L. Lederman, W. Popkin

The principal subject matter of this course is federal income tax law as it applies to individuals. Topics covered in this course include what constitutes income subject to tax and what is excludible; what is deductible; the tax treatment of gains and losses; and which income items are taxed at preferential rates. Learning to read and apply the Internal Revenue Code and Treasury Regulations is an important focus of this course. The course uses the problem method ; although some court cases will be discussed at length, class discussion often will focus on the application of the Internal Revenue Code, Treasury Regulations, cases, and other sources of tax law to the factual situations in the problems in the casebook. Policies underlying the tax law will also be discussed. This course is offered synchronously via Zoom for Fall 2022, augmented by asynchronous materials. This is an introductory course with no prerequisites. This course is a prerequisite for most other tax courses.