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Fall 2020
5267 Tax Accounting - GUPTA- 26449

Professor(s): Ajay Gupta (ADJUNCT)

Credits: 2

Course Areas: Taxation 
Business and Commercial Law

Time: 2:30p-4:30p  M  Location:  

Course Outline: Study of methods of accounting in the context of Federal tax laws including cash, accrual, installment methods, inventory taxation and time value of money concepts. The course will focus on the appropriate taxable year for including items of income, gain, loss and expense. The course will cover cash, accrual, installment and inventory methods as well as time value of money rules. The course will cover various judicial doctrines of taxation including the tax benefit rule, claim of right doctrine, economic benefit doctrine and constructive receipt concepts. Through the case method, students will learn the application of the principles of taxation in the context of tax planning. The reasoning and methodology utilized in the course will provide a sound basis for the study and analysis advanced tax topics in subsequent courses.

Course Syllabus:

Course Notes:   This is an LL.M class, and JD students may register, if space is available.

Prerequisites: Yes  Federal Income Tax (Law 5359 or Law 5459)

First Day Assignments:

Final Exam Schedule: 12/07 2 - 4pm      

This course will have:

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

Experiential Course Type: No

Bar Course: No

DistanceEd ABA 306:

Pass-Fail Student Election: