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Fall 2021
5267 Tax Accounting - GUPTA- 19094

Professor(s): Ajay Gupta (ADJUNCT)

Credits: 2

Course Areas: Taxation 
Business and Commercial Law

Time: 2:30p-4:30p  M  Location: 115  BLB

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: Syllabus
Course Packet

Course Notes: DistanceEd  The instructor for this course has expressed a preference to operate the course as distance education. This means no physical classroom is assigned for this course. This also most likely means synchronous internet videoconferencing class sessions during the day(s) and time(s) when the course is scheduled to meet. However, other, more flexible modalities are possible, such as not using some of the scheduled class sessions to meet but instead supplementing with asynchronous distance education techniques. More details should be made available from the instructor via their syllabus or via other means as the start of the semester nears.

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: Take home exam      

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA 306:

Pass-Fail Student Election: Available

Course Materials (4/8/2021 6:08:48 PM)

No book required for this course

Course Materials: Yes, posted to the course schedule.