This course provides an introduction to the concepts of taxation.  The course is 
designed to provide a framework for understanding the structure of our federal 
income tax system while introducting some of the specifics of this system.  The 
specific goals of this class are: (1) develop a basic understanding of the federal 
income tax laws in the United States, (2) develop an understanding of the most 
relevant types of taxes applicable at the federal level and how each is calculated, 
and (3) provide a framework for integrating income tax planning into accounting and 
business decisions.

Overview of the taxation of individuals
Methods to evaluate alternative tax systems
Alternative Tax Rates and methods of tax calculations
Sources of Tax Law
Tax Planning Methods
General Tax Concepts
Definition of Income and alternative forms of taxable and nontaxable income
Business Deductions
Mixed use activities
Losses
Personal & Dependency Exemptions
Filing Status & Itemized Deductions
Property Transactions
Cost Recovery