FEDERAL INCOME TAXATION (TAXN7112)
Second year day or third year evening. 3 credits. Lecture.

This course provides a general introduction to the federal income tax, emphasizing the taxation of individuals.  Topics include the history, structure and methodology for interpreting the Internal Revenue Code, as well as fundamental concepts of tax policy.  Basic concepts explored include:  gross income; deductions; exclusions from income; credits; deferment of income; and capital gains and losses.