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Fall 2017
5459 Federal Income Tax - STRENG- 12578

Professor(s): William Streng (FACULTY)

Credits: 4

Course Areas: Taxation 

Time: 10:30a-11:50a  MTW  Location: 3  BLB

Course Outline: At most law schools the basic Federal Income Tax course is taken by almost all students. Federal Income Tax, although not a required subject at the University of Houston Law Center, is a "core course." It is one of the "building blocks" for the business law and commercial transactions courses, in addition to the advanced taxation courses. Further, the subject of Federal Income Tax is also on the Texas Bar Examination. This course as taught by the UH Law Center tax professors is not oriented to tax accounting and tax return preparation. Rather, this course addresses such important, fundamental federal tax questions as: (i) what is the definition of income? (ii) when is income to be taxed? (iii) to whom is the income taxed? (iv) what deductions are available in offsetting gross income? and, (v) what is the tax characterization of income? These questions raise such critical issues as: How are tort recoveries to be treated for income tax purposes by the personal injury plaintiff? How are the parties to a divorce property settlement treated for income tax purposes when receiving alimony and property? What are the federal income tax results on the purchase or sale of a business or of a personal residence? The objective of the federal income tax course is to enable students to be able to recognize income tax problems when they arise and to identify tax planning options for dealing with these issues. Clients demand that their attorneys be able to answer at least the basic tax questions and to know enough to refer other more complicated questions to a tax specialist. The four hour course will permit examining many of these questions in substantial depth.

Course Syllabus: Syllabus revised 8/15/17

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.  

Prerequisites:  

First Day Assignments:

Final Exam Schedule: 12/6 9AM - 1PM  209 BLB    

This course will have:
Exam:
Paper:

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

Experiential Course Type:

Bar Course: Yes

Course Materials (3/31/2017 4:23:42 PM)

Book(s) Required

BASIC FEDERAL INCOME TAXATION | Edition: 7TH 15
Author: ANDREWS
ISBN: 9781454824985
Publication Date: 01/28/2015
Publisher: W KLUWER

FED.INCOME TAX:CODE+REG.,2017-2018 | Edition: 18
Author: DICKINSON
ISBN: 9780808046363
Publisher: CCH