LAWS6951 - Principles of US Taxation

Objectives

• Examine the basic principles of US income taxation.
  The unit does not cover US International Taxation, which is dealt with in a separate unit – LAWS6171.

Content

An overview of the US tax system; introduction to tax policy; defining the tax base (income and deductions); timing issues; tax accounting; calculating gain or loss and capital gains and losses; the taxpayer; taxation of individuals, corporations, partnerships, trusts, and other entities; tax controversies and procedure.

Session

Semester 2 2010
Wednesday Evenings, 6-8pm

The timetable is subject to frequent changes. Please refer to the latest version of the Postgraduate Timetable.

Assessment

• 1 x Classwork (30%)
• 1 x 2 Hour Open Book Exam (70%)

Assumed Knowledge

It is recommended that candidates who are not working in the tax area and have not taken an undergraduate tax unit in Australia in the past five years undertake The Impact of Taxation on Business Structures & Operations – LAWS6825 before or concurrently with this unit.

Courses this unit is available in

Master of Laws | Graduate Diploma in Law | Master of Global Law | Master of Business Law | Master of International Law | Graduate Diploma in International Law | Graduate Diploma in International Business Law | Master of International Business and Law | Master of Taxation | Graduate Diploma in Taxation | Master of International Taxation