Survey of Federal Income Tax



Students in 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).

This course covers 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.