COURSE NUMBER & NAME: 214 Income Taxation I

CREDIT HOURS: Four (4) REQUIRED: yes ELECTIVE: no

PREREQUISITES (Required): NONE.

PREREQUISITES (Advised): There are no prerequisites to this course other than completion of the first-year curriculum.

WHEN OFFERED:

SUBSTANTIVE COVERAGE AND OBJECTIVES OF COURSE:

This course covers concepts of gross income, exclusions from gross income, deductions, capital gains, timing, and tax systems. An important objective of the course is to develop the skill of reading statutes and applicable regulations.

RELATION TO OTHER OFFERINGS IN CURRICULUM:

This course is related to most courses in the curriculum. It is also the basic course for other electives in the area of taxation.

RELATION TO BAR EXAM SUBJECTS:

This is not a "bar" subject.

RELATION TO CAREER OPPORTUNITIES:

There are many career opportunities in tax law. In addition, the exposure to tax law in this course is very helpful in many other areas of practice.