University of Miami School of Law CourseLink Course Description - Online System
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Fall 2021

Course Description
This course considers the core concepts in federal income tax. All of the following topics will take account of the changes made in the Tax Cuts and Jobs Act of 2017 and will follow new guidance issued by the Internal Revenue Service during the semester. We will consider the determination of income, deductions, and credits. We will look at the complex rules applicable to the computation and use of losses. We will consider a range of tax incentives, including accelerated depreciation and the earned income tax credit. We will also look at issues of income shifting in the taxation of families and the use of tax shelters to create losses or basis. Tax provisions must be comprehensible to taxpayers and administrable by the IRS, and we will consider this in considering how we might draft "better" tax provisions in some areas. In addition to introducing you to federal income tax, this course will help you develop skills that are important for effective practice in many areas of law, including tax: (1) working with statutes and regulations; (2) understanding business transactions; (3) planning for successful outcomes within the legal rules and principles that define an area of law.

Course Schedule
Dates Day Time Room
08-23-2021 - 12-01-2021   MWR  2:05 PM-3:20 PM A110

Course Frequency
This course is usually offered every semester

Course Information

Credits: 4
Pass/Fail Option: Yes
Grading: Graded
Method of Evaluation: Exam
Graduation Requirements Fulfilled By Course:
Special Attributes: None
Course Delivery:
Special Restrictions:
Law Track(s):
Business & Taxation - Basic
Entertainment, Music, & Sports - Related
Government & Regulation - Related
Bar Subject(s): None
Business Compliance and Sustainability (Area of Focus)   More information
Business Compliance and Sustainability (Concentration)   More information
The Business of Innovation, Law and Technology: BILT (Concentration)   More information
Social Justice & Public Interest (Area of Focus)   More information
Social Justice & Public Interest (Concentration)   More information
Course Book(s):
Textbook Required:
  • Textbook Name: Selected Federal Taxation Statutes & Regulations
    Textbook Type: Paperback
    Requirement: Required
    Author: Lathrope
    Publisher: West Academic
    Edition: 2022
    ISBN: 978-1636592633
  • Textbook Name: Federal Income Taxation
    Textbook Type: Hardcover
    Requirement: Required
    Author: Graetz, et al
    Publisher: Foundation Press
    Edition: 8th edition
    ISBN: 978-1640206809
First Class Assignment(s):
  • Assignment: See the assignment attached.

    Graetz, Federal Income Taxation, 8th edition

    Lathrope, Selected Federal Taxation Statutes & Regulations, 2022

    First Class Assignment.pdf



Contact Information:
Phone: (305)284-2642
Office: G283