Basic Tax (Business Emphasis) | L47xx

This class will cover fundamental concepts of the federal income tax system, with an emphasis on the tax concepts most relevant to students contemplating a practice in commercial, real estate or corporate law. Coverage will include the definition of income, adjusted gross income, taxable income, exclusions from income, business and personal deductions, tax credits, basis, amount realized, gain and loss, capital gains and losses, depreciation, involuntary conversions, like-kind exchanges, as well as a brief introduction to the tax rules applicable to corporations, S corporations, partnerships and LLCs, and the sale of a business.

This class will be a hybrid part-time class.

This class does not satisfy the upper-level writing requirement.

Prerequisites: N/A
Credit Hours: 4
ULW: This course does not satisfy the Upper Level Writing requirement (ULW)


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