Federal Income Taxation Model Problems and Outstanding Answers [Paperback]

Tax law is a daunting subject for many law students. It requires a firm grasp of the Internal Revenue Code provisions, the reasoning behind them, the way they interact, and the way courts have interpreted them. Students must also acquire a brand new vocabulary of tax terms.

For the first time, Oxford University Press equips students with an accessible guide to acing this most challenging of law school tests. InFederal Income Taxation: Model Problems and Outstanding Answers, Camilla E. Watson helps students demonstrate their knowledge of federal income tax law in the structured and sophisticated manner that professors expect on law school exams.

This book includes clear introductions to the major topics in tax law, provides hypothetical's similar to those that students can expect to see on an exam, and offers model answers to those hypothetical's. Professor Watson then gives students the opportunity to evaluate their own work with a comprehensive self-analysis section. This book prepares students by challenging them to use the law they learn in class while also explaining the best way to express an answer on law school exams.

FEDERAL INCOME TAX: Model Problems and Outstanding Answers

Introduction
1. The Concept of Gross Income: Realization and Recognition
2. The Concept of Gross Income: Exclusions
3. Property Transactions: The Concept of Basis and Capital Recovery
4. Purchase and Sale of a Principal Residence
5. Dissolution of a Marriage
6. Employee Fringe Benefits
7. Meals and Lodging Furnished To An Employee
8. Life Insurance
9. Discharge of Indebtedness
10. Assignment of Income
11. Education Incentives
12. Casualty Losses, Medical Expenses and the Tax Benefit Rule
13. Charitable Deductions
14. Moving Expenses
15. Business Expense Deductions
16. Nonbusiness, Profit-Oriented Expenses
17. Mixed Purpose Expenditures
18. Sale of a Vacation/Secondary Resl/