Course Syllabus for
Income Taxation - LAW 6600
Professor Michael Friel
Fall Semester 2015
Contact Information:
Office Location: 320 Holland Hall
Phone: 352-273-0680
Email: friel@law.ufl.edu
Office Hours: Friday 1:30-3:30 p.m. and other times by appointment or drop-in.
Required and Recommended Textbooks and Other Course Materials:
Required: Taxation of Individual Income (Burke & Friel)(11th edition; LexisNexis)
Required: Selected Federal Taxation Statutes & Regulations (2016 edition; West)
Course Objectives:
To learn the fundamentals of federal income taxation in order to help prepare students, as
lawyers, to recognize and appreciate income tax issues of transactions and events encountered in
the general practice of law.
Topical Outline of Subjects to be Covered (Tentative)
Introduction: The Structure of Federal Income Taxation
Income: Gross Income: Concepts and Limitations; Gains from Dealings in Property; Gifts and
Bequests; Sale of a Principal Residence; Discharge of Indebtedness; Compensation for Personal
Injuries; Fringe Benefits
Deductions: Business Expenses; Capital Expenditures; Depreciation: Losses & Bad Debts;
Deductible Personal Expenses; Limitations on Deductions
Timing: Cash Method Accounting; Accrual Method Accounting; Annual Accounting
Characterization: Capital Gains & Losses; Quasi-Capital Assets; Recapture of Depreciation
The Appropriate Taxpayer: Assignment of Income; Tax Consequences of Divorce
Property Transactions: Nonrecourse Debt; Like-Kind Exchanges; Installment Sales
Evaluation
The grade will be based on the final exam.
Class Attendance Policy
Regular class attendance and preparation are required. Students should notify the professor by
email of the reason for any class absence.
Policy related to make-up exams: The law school policy on delay in taking exams can be found
at: http://www.law.ufl.edu/students/policies.shtml#12.
Statement related to accommodations for students with disabilities: Students requesting
classroom accommodation must first register with the Office of Disability Resources. The UF
Office of Disability Resources will provide documentation to the student who must then provide
this documentation to the Law School Office of Student Affairs when requesting
accommodation.
Information on UF Law Grading Policies:
Grade:
Points
A
4.0 (Excellent)
A3.67
B+
3.33
B
3.0 (Good)
B2.67
C+
2.33
C
2.0 (Satisfactory)
C1.67
D+
1.33
D
1.0 (Poor)
D0.67
E
0.0 (Failure)
The law school grading policy is available at: http://www.law.ufl.edu/students/policies.shtml#9.
SYLLABUS
INCOME TAXATION
FALL 2015
PROF. FRIEL
Office hours: Room 320; Friday 1:30 - 3:30 p.m. and other times by appointment or drop-in.
Please email me at friel@law.ufl.edu regarding any class absences.
The chapters referred to below are chapters in the course textbook, Taxation of Individual
Income (11th edition). This syllabus is subject to change as we move through the semester. Any
changes will be announced in class and a revised syllabus will be distributed as necessary. I do
not anticipate adding any additional chapters, but it’s possible we’ll spend more time than
scheduled on one chapter and less on another, or cancel a chapter. In addition, from time to time,
the assigned reading and problems contained in each chapter may be modified by announcement
in class, either to reflect recent developments or to cope with time constraints. There are also
some matters not covered in any of the chapters below that will be covered by brief lecture.
Chapter
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 18
Chapter 21
Chapter 22
Chapter 26
Chapter 27
Chapter 28
Chapter 29
Chapter 30
Chapter 31
Chapter 32
Chapter 33
Chapter 34
Chapter 37
Chapter 38
Chapter 39
Chapter 41
Chapter 44
Classes
3 Classes
2 Classes
1 Class
2 Classes
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1 Class
1 Class
2 Classes
1 Class
3 Classes
2 Classes
1 Class
1 Class
2 Classes
2 Classes
1 Class
2 Classes
2 Classes
1 Class
3 Classes
2 Classes
2 Classes
2 Classes
2 Classes
2 Classes
3 Classes
2 Classes
2 Classes