Tax Concepts

Textbook: CONCEPTS IN FEDERAL TAXATION: 2008 EDITION, Murphy, Higgins (Required) Internet access or a copy of the Internal Revenue Code and Regulations most recent edition. Summary: An introduction to the federal income tax structure as it applies to the individual taxpayer. The major focus of this course will be upon the conceptual and legal underpinnings of the Internal Revenue Code (IRC). Course Objectives and Student Responsibilities To learn and refine methods of reasoning and analysis, and apply these to problems arising in an individual’s situation, using the following steps: a) Applying the rules of law (IRC) to specific facts, either…