Southwestern Law School Los Angeles, CA

Survey of Federal Income Tax

340 | 3.0 credits


This course will study the taxation of personal income from employment, investments and the operation of sole proprietorships (but not the taxation of partnerships, corporations or limited liability companies, which will be covered in the separate Taxation of Business Entities course). The course will cover what is included (and what is excluded) from income that must be reported to the IRS, when income must be reported, deductions, exemptions, tax rates (i.e., "ordinary" vs. "capital gain" rates), credits, and the Alternative Minimum Tax. There are no prerequisites for this course.