Tax Law

This lesson is best used after studying Federal Income Taxation: Property Transactions, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving the computation of gain and loss realized under Internal Revenue Code §§ 1001, 1011-1016.

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving dependent care credit under Internal Revenue Code section 21.

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving the taxation of minor children's income under section 1(g).

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving filing status.

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving the claim of right mitigation doctrine under section 1341.

This lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving personal and dependency exemptions, under Internal Revenue Code sections 151 and 152.

For the taxable years 2018 through 2025, Code § 151(d)(5) has reduced all personal and dependency exemptions to zero.

Therefore, until 2026, the following lesson is for historical information and does not reflect current law's disallowance of personal and dependency exemptions. Other Code sections do, however, still rely on the definition of dependent found in § 152 - for example, § 32 (earned income tax credit) and § 213 (deduction for medical expenses).

This lesson is best used after studying Federal Income Taxation: Deductions, in class. The lesson includes problem sets to work through to refine your ability to apply the Code and Regs. to a variety of situations involving general applicability of deduction limitations under section 183.

This lesson is best used after studying Basic Federal Income Taxation, deductions for charitable contributions to a section 501(c)(3) organization, in class. The lesson provides problem sets to work through to allow you to refine your ability to apply the Code and Regs. to a variety of situations.

This lesson is best used after studying deductions for medical expenses under Code section 213 to basic Federal income taxation in class. The lesson allows you to work through problems so that you can refine your ability to apply the Code and Regs. to a variety of situations.

This lesson is best used after studying Basic Federal Income Taxation: Deductions. The lesson provides 12 questions to allow you to refine your ability to apply the Code and Regs. to a variety of situations related to income-producing activities under section 212.

This lesson will cover the regulations and tests that determine the types of moving costs that can be deducted under IRS Code section 217.

This lesson will discuss the models by which property depreciation is calculated, and the rules which govern the calculations, including Internal Revenue Code section 168.

This lesson will review how costs can be deducted for insurance compensations for casualty losses and accidents. Questions cover IRS Code section 165 and its regulations.

This lesson explores those costs that qualify as § 162 education expenses.

This lesson guides users through the effects of below market loans on calculating income and/or deductions. Questions consider the application of Internal Revenue Code § 7872.

This lesson introduces the reader to the regulations concerning deductions for business travel expenses, including Internal Revenue Code section 162.

This lesson will introduce users to the ways in which deductions can be taken for interest payments. Questions cover Internal Revenue Code section 163.

This lesson will cover business deductions, such as reasonable compensation, parachute payments, miscellaneous deductions,and business losses. Several Internal Revenue Code sections are reviewed, including 162 and 274.

This lesson will demonstrate the ways in which taxes paid may be deducted under Section 164 of the Tax Code and related regulations.

This lesson will guide users through the types of expenses that can be deducted as business or trade costs, including cost of repairs versus capital expenditures.

This lesson will focus on Section 83(a)-(b) of the Internal Revenue Code, property transferred in connection with the performance of services, with practice questions.

This lesson will cover the exemptions provided in Section 135 of the Tax Code, specifically the exclusion of interest on certain United States Savings Bonds used to pay higher education tuition and fees.

This lesson guides students through the calculation of income tax from indirect transfers of service and other forms of compensation.

This lesson will guide users to understand those expenses that qualify under the designation of a scholarship, and regulations concerning exclusions, prizes, and other income for students. Questions review your understanding of Internal Revenue Code section 117.