Fall 2023

5267 Tax Accounting - GUPTA- 15993

Professor(s): Ajay Gupta (ADJUNCT)

Credits: 2

Course Areas: Taxation 
Business and Commercial Law

Time: 2:30p-4:30p  M  Location: 260 

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: (Synchronous Online)  The UH registration system instruction mode for this course is listed in parenthesis. After student registration opens, there may be instruction mode changes to this course up through two weeks before the first day of classes for the term, but notice of such changes will be sent to then-registered students. Contrary to the UH information, some student materials may not be available online, such as an assigned casebook. A physical classroom may be assigned for this course to give students a location in the Law Center to join the virtual class sessions. If the course has a final examination, the final and any other assessment for the course, such as a mid term exam, will be conducted without the need to physically come to the Law Center, such as, for example, via the EBB portal as a take home exam or under remote proctoring.

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:    

This course will have:

Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA: Yes

Pass-Fail Student Election: Available

Course Materials

No book required for this course

Course materials will be provided.