Courses 2017 - 2018

LAW T 504 Income Taxation of Business and Investments

Credits: 3-5, Max 5

This course addresses the fundamental issues of the taxation of income related to businesses and investments. Specifically covered are topics such as business and profit-seeking expenses (including interest and taxes); capital expenditures; depreciation and recapture; losses and bad debts; discharge of indebtedness; below market loans; original issue discount; non-recourse debt; annual accounting; cash method of accounting; accrual method of accounting; gains and losses of capital assets and quasi-capital assets; like-kind exchanges; involuntary conversions; installment sales; hobby loss limitations; passive activity losses and credits; the at-risk rules; and the purchase and sale of a business. Prerequisites: Introduction to Individual Income Taxation.

Autumn, 4 Credit(s)

Course Sections and Instructors
Hatfield, Michael

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