Tax - Basic Federal Income Taxation

This lesson is best used after studying Federal Income Taxation: Assignment of Income, in class. The lesson includes problem sets to work through, allowing you to apply the Code, Regs., and case law, such as Comr. v. Giannini and Hendrick v. Comr., to a variety of situations involving the assignment of income from services.

This lesson is best used after studying Federal Income Taxation: Assignment of Income in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving assignment of income from property and the determination of whether income is included in an individual's gross income.

This lesson is best used after studying Federal Income Taxation: Basic Federal Income Taxation: Timing: Installment Sales: Second Dispositions by Related Parties and Contingent Payments in class. The lesson includes problem sets to work through, allowing you to apply sub-sections of section 453 of the Code and Regs. to a variety of situations involving certain types of installment sales.

This lesson is best used after studying Federal Income Taxation: Fundamentals of Installment Sales in class. The lesson includes problem sets to work through, allowing you to apply section 453 of the Code and related Regs. to a variety of situations involving installment sales.

This lesson is best used after studying Federal Income Taxation: Cash and Accrual Methods of Accounting in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving accounting methods.

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 capital gain mechanics under Internal Revenue Code § 1222.

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 Internal Revenue Code section 1231 mechanics.

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 Internal Revenue Code section 1221(a).

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 to a variety of situations involving identifying Internal Revenue Code section 1231 property.

This lesson is best used after studying Federal Income Taxation: Property Transaction, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving exclusion of gain on the sale of a principal residence, under IRS Code section 121.

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 capital gain and capital loss mechanics.

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.