The course covers individual taxation an basic income tax fundamental, under federal rules. It gives a brief overview of the history of taxation, tax structures, type of taxes, tax entities, tax law sources. In addition, it discusses in detail the tax formula for individuals, examining gross income inclusions and exclusions, general and itemized deductions and losses, employee expenses and deferred compensation. Finally, it deals with property transactions including capital gains and losses.
- Teacher: Lilliam Cedeño Marcial