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Fall 2017
5459 Federal Income Tax - WELLS- 12579

Professor(s): Bret Wells (FACULTY)

Credits: 4

Course Areas: Taxation 

Time: 9:00a-10:15a  MTW  Location: 144  BLB

Course Outline: Federal Income taxation is a core course that is essential for students that want to practice business or commercial law. This course is designed (i) to introduce students to the basic doctrines of federal income tax law in the context of federal tax policy; (ii) to familiarize students with significant provisions of the Internal Revenue Code and United States Treasury regulations that govern personal income taxation, as well as judicial and administrative decisions interpreting the same; and (iii) to help students develop critical problem solving and issue identification skills in federal income tax law. Because tax issues can have a significant impact on a wide array of legal contracts and legal arrangement, it is important that practicing lawyers have the ability to identify tax issues in the course of their representation of clients.

Course Syllabus: Syllabus revised 8/15/17

Course Supplement

Course Notes: Federal Income Tax has not been tested in recent years. However, on rare occasions Federal Income Tax can appear in the Texas Essay section as a cross over topic.  


First Day Assignments: Introduction to Income Tax, Time Value of Money, Sources of Tax Law

Readings: Andrews Ch. 1 (pp. 1-33); Ch. 5.B (pp. 254-261); Ch. 8.c (pp. 554-556); Course Supplement (pp. 1-28)

Final Exam Schedule: 12/4 9AM - 1PM  144 TU2    

This course will have:
Exam: Yes
Paper: No

Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type:

Bar Course: Yes

Course Materials (8/16/2017 7:25:54 AM)

Book(s) Required

Required (2): Andrews and Wiedenbeck, "Basic Federal Income Taxation," 7th edition, Aspen 2015 (9781454824985);
CCH "Federal Income Tax - Codes and Regulations, Selected Sections," 2017-2018 edition, CCH ( 978-0808046363) - PLEASE NOTE BOOKSTORE HAS BEEN NOTIFIED THE WRONG EDITION WAS SELECTED

Recommended: Chirelstein & Zelenak, "Federal Income Taxation - A Law Student's Guide to the Leading Cases and Concepts," 13th edition, Foundation Press.