Skills & Values: Federal Income Taxation (2011)
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The Skills & Values Series is an innovative hybrid series of subject-specific, practice-oriented books and online materials supported by Web Courses (powered by Blackboard 9.1). The series is designed as a tool for professors to teach practical and analytical skills that can help students serve future clients competently, skillfully, and in an ethical manner.
Skills & Values: Federal Income Taxation allows students to experience the connection between theory, doctrine, and practice in Tax law. The exercises provide an opportunity for studying Tax concepts from the perspective of a practicing attorney who must not only know the law, but also employ lawyering skills and values - such as legal strategy, factual development, advocacy, counseling, drafting, problem solving, and ethical principles - in zealously representing a client.
Each chapter in Skills & Values: Federal Income Taxation addresses a specific topic covered in most introductor Tax law school courses. The chapters begin with an introduction to help bridge the gap between the actual practice of law and the doctrine and theory studied in class. Students will then have the opportunity to engage in active, "hands on" learning by working through a stand-alone exercise that simulates a real-life legal dilemma. The exercises are as authentic as possible, incorporating materials such as IRS forms, schedules, and publications; wage and income transcripts; deficiency notices; correspondence; judicial opinions; statutes; and revenue rulings. The self-assessment tools suggests ways that a practicing attorney might have approached each exercise. It is not meant to provide "the answer," but to identify issues and strategies students should have considered in order to effectively represent a client.
The companion Web Course also contains:
• forms to assist students to complete some of the exercises
• links to some of the key cases
• multiple choice quiz questions
• supplemental materials designed to increase students' understanding of both doctrine and practice.
The text in the book will prompt readers to access the online Web Course materials when the materials are relevant to an exercise.
Table of Contents
Chapter 1. Introduction to Federal Income Taxation
Chapter 2. Timing Principles
Chapter 3. Introduction to Gross Income
Chapter 4. Damage Awards
Chapter 5. Gifts and Inheritances
Chapter 6. Employee Fringe Benefi ts
Chapter 7. Gains and Losses from Dealings
Chapter 8. Alimony and Divorce
Chapter 9. Income Producing Entities
Chapter 10. Deductions for Business Expenses
Chapter 11. Deductions for Personal Expenses
Chapter 12. Deferral and Non-Recognition Provisions
Chapter 13. Tax Procedure and Administration
Chapter 14. International Tax