An introduction to taxation and understanding the federal tax law; tax determination, personal and dependency exemptions; an overview of property transactions; gross income - concepts and inclusions; gross income - exclusions; deductions and losses - in general; deductions and losses - certain business expenses and losses; depreciation, cost recovery, amortization, and depletion; deductions - employee expenses; deductions and losses - certain itemized deductions; passive activity losses; tax credits; property transactions - determination of gain or loss, basis considerations, and nontaxable exchanges; Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions; Alternative Minimum Tax; Accounting Periods and Methods; Corporations: Introduction, Operating Rules, and Related Corporations; Corporations: Organization and Capital Structure; Corporations: Distributions Not in Complete Liquidation; Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations; Corporate Accumulations; S Corporations; Partnerships; Exempt Entities; Taxation of International Transactions; Tax Administration and Practice; The Federal Gift and Estate Taxes; Income Taxation of Trusts and Estates. Working with the Tax Law.
