Introduction to federal income tax -- Gross income concepts and limitations -- The effect of an obligation to repay -- Gains derived from dealings in property -- Gifts, bequests and inheritance -- Sale of a principal residence -- Scholarships and prizes -- Life insurance, annuities, and...

Introduction -- Gross income -- Gains and losses from dealings in property -- Gifts and inheritance -- Discharge of indebtedness -- Fringe benefits -- Business and investment expense deductions -- Capital expenditures -- Depreciation and amortization -- Deductible personal expenses : casualty...

Introduction -- The why and the what of taxing income -- The private sphere and te public sphere -- When is it income? -- Debt and certain other financial instruments -- Whose income is it? -- Expenses of earning income -- Tax shelters and tax planning -- Mixed business and personal expenses --...

Introduction -- Overview of gross income -- Income from performing services -- Gratuitous transfers; transfers between spouses and former -- Gainand loss : basis and amount realized -- Excluded gains -- Life insurance and annuities -- Discharge of indebtedness -- Compensationfor injuriesor...