LLM 338

Tax Timing

3 Unit(s)

Examines issues related to the allocation of items of income and deduction to the proper taxable year, including adoption of tax year end; definition of method of accounting; the annual accounting concept; cash, accrual and installment methods of accounting; time value of money; and the Uniform Capitalization Rules. Cross-listed with and equivalent to TA 338. (JD students seeking to enroll must obtain the approval of the program director.) Corequisite(s): LLM 318 and LLM 317A.