Legislative and Judicial Foundations of Income Tax (3)

Course Level: Graduate

Legislative and judicial concepts common to all areas of income taxation. Emphasis on analysis of court decisions to trace the development of judicial doctrines. Subject areas include substance over form, characteristics of income, dispositions of assets, capital gains and losses, tax credits, limitations on business expenses and losses, and tax accounting principles. Prerequisite: admission to the graduate tax program or graduate accounting program or permission of Director of the MS Taxation program.