A530 – Individual Income Tax
Autumn 2025
Class Meetings
I’m committed to giving you the best learning experience I am capable of providing. To that end, I reserve the right to adjust the class readings and topics as needed to foster a better learning experience. In the event that I change any class topics/readings below, I will give you as much advance notice as possible and the final exam will not be based on any material that is cut from the planned readings/curriculum.
Class 1: Monday, September 22
Topic: Characteristics of Income
Readings: Introduction (pp. 1-33) Skim
What is Income? (pp. 35-46) Skim
Commissioner v. Glenshaw Glass Co.
Cesarini v. United States
Class 2: Wednesday, September 24
Topic: Characteristics of Income
Readings: Handouts: Tax Tables (Canvas)
Noncash Benefits (pp. 46-68)
IRC §§ 61, 62, 63, 119, 132
Class 3: Monday, September 29
Topic: Characteristics of Income
Readings: Noncash Benefits (cont’d) (pp. 46-68)
Imputed Income, Psychic Income, In-Kind Income (pp. 111-119)
Class 4: Wednesday, October 1
Topic: Characteristics of Income
Readings: Windfalls & Gifts (119-134)
Coursebook Student Update, Summer 2025 (p. 6, chapter 3 revisions) IRC §§ 102, 274(b), 691
Treas. Reg. 1.61-2(d)
Rev. Rul. 79-24 (p. 116)
Class 5: Monday, October 6
Topic: Characteristics of Income
Readings: Recovery of Capital (pp. 68-77; 134-141)
Recovery for Personal and Business Injuries (pp. 78-95)
IRC §§ 165(a)-(d) & (h)(1), 104(a), 213(a), 1001 1012, 1014, 1015
Class 6: Wednesday, October 8
Topic: Characteristics of Income
Readings: Transactions Involving Loans and Income from Discharge of
Indebtedness (pp. 259-275)
Illegal Income (pp. 95-100)
Gain on the Sale of a Home (pp. 100-102)
IRC §§ 61(a)(11), 108(a)(1) & (d)(1), 121
Class 7: Monday, October 13
Topic: Characteristics of Income – practice problems
Readings: None
Class 8: Wednesday, October 15
Topic: Problems of Timing
Readings: The Realization Doctrine (pp. 178-210)
Moore v. United States, 602 U.S. 572 (2024)
Coursebook Student Update, Summer 2025 (pp. 6-9, chapter 4 revisions)
Class 9: Monday, October 20
Topic: Problems of timing
Readings: Open Transactions, Installment Sales, and Deferred Sales (pp. 219-229)
Statutory Nonrecognition Provisions (pp. 210-219)
Transfers Incident to Marriage and Divorce (pp. 141-154)
IRC §§ 453(a)-(c), 1031, 1041
Class 10: Wednesday, October 22
Topic: Problems of Timing
Readings: Constructive Receipt and Related Doctrines (pp. 229-235)
Deferred Compensation (pp. 235-250)
IRC § 83
Class 11: Monday, October 27
Topic: Capital Gains and Losses
Readings: Background (pp. 547-550)
Definition of a Capital Asset (pp. 550-551)
Policy Considerations (pp. 551-554)
Property Held Primarily for Sale to Customers (pp. 554-565)
IRC §§ 1(h), 1212(b), 1221, 1222, 1256(a)-(c), 1411
Class 12: Monday, November 3
Topic: Capital Gains and Losses – practice problems
Class 13: Wednesday, November 5
Topic: One Big Beautiful Bill Act, Pub. L. No. 119-21
Readings: Coursebook Student Update, Summer 2025
Canvas handout
Class 14: Monday, November 10
Topic: Personal Deductions, Exemptions, and Credits
Readings: Introduction (pp. 501-502)
Casualty Losses (pp. 502-503)
Extraordinary Medical Expenses (pp. 503-505)
Charitable Contributions (pp. 516-539)
Coursebook Student Update, Summer 2025 (pp. 10-11, chapter 10 revisions to pages 502, 503, 517, & 539)
IRC §§ 24, 63, 165(h), 170(a)(1), (b), (c) and (e)(1), 213, 501(a) and (c)(3)
Class 15: Wednesday, November 12
Topic: Personal Deductions, Exemptions, and Credits
Readings: Interest (pp. 539-543)
Taxes (pp. 543-545)
Personal Exemptions (pp. 545-546)
Coursebook Student Update, Summer 2025 (p. 11-12, chapter 10 revisions to pages 544, & 546)
IRC §§ 163(a) & (h), 164(a), 224, 225, 461(g)
Class 16: Monday, November 17
Topic: Mixed Business and Personal Expenses
Readings: Intro & Structure (pp. 445-447)
Clothing Expenses (pp. 447-450)
Home Office (pp. 451-456)
Childcare Expenses (pp. 457-462)
Education Expenses (pp. 462-469)
Commuting Expenses (pp. 469-484)
IRC §§ 21, 24, 129, 162(a), 183, 212, 262, 280A
Class 17: Wednesday, November 19
Topic: Mixed Business and Personal Expenses
Readings: Commuting Expenses (pp. 469-484)
Travel and Entertainment Expenses (pp. 484-494)
Legal Expenses (pp. 494-500)
Hobby Losses (pp. 71-74; IRC §§ 162(A), 183, and 262; Nickerson v. Commissioner)
IRC §§ 162(a), 183, 212, 262, 274(a), (d), (e), and (n)
Class 18: Monday November 24
Topic: Deductions for the Cost of Earning Income
Readings: Introduction (pp. 363-366)
Current Expenses versus Capital Expenditures (pp. 366-370)
Ordinary and Necessary (pp. 377-387)
Trade or Business (pp. 387-394)
IRC §§ 162, 263
Class 19: Wednesday, November 26
Topic: Deductions for the Cost of Earning Income
Readings: Cost Recovery Generally (pp. 394-397)
IRC § 195
Class 20: Monday, December 1
Topic: Personal, mixed, and business deductions, exemptions, and credits –
practice problems
Class 21: Wednesday, December 3
Topic: Makeup, review, & evaluation
Readings: N/A