LAW 9405 - Federal Income Tax

Required for Transactional Law Concentration with an estate planning track.
This course, considers the federal income taxation of individuals. Topics include increases in wealth that are taxed and those that are not; expenses that can be deducted and those that cannot. Emphasis is placed on income tax problems faced by general practitioners, such as taxation of settlements and damage awards, deductibility of attorney fees, tax consequences of sales and exchanges, and tax aspects of divorce. Credit(s): 3