Written for three or four semester units without overwhelming the students and making mathematicians out of them. Enables students to examine principles without delving into the detail of the Internal Revenue Code and the Treasury Department's Regulations interpreting that Code. Provides a basic understanding of the federal income tax law, how it impacts a wide variety of business and personal transactions and decisions, and how it may affect almost every area of law practice. The questions and problems throughout the text not only clarify and demonstrate the basic principles, but also provide professors the opportunity to select the areas they want to delve into in greater detail.
