Presents a broad survey of the rules of US income taxation regarding international transactions. Covers both in-bound transactions – the treatment of non-resident aliens and foreign corporations investing and/or doing business in the United States, as well as out-bound transactions – the treatment of US citizens and residents investing and/or doing business outside the US. Prerequisite(s): TA 318 and (TA 329A or TA 329). Cross-listed with and equivalent to the following course. (Note: no academic credit is awarded for retaking equivalent course.): LLM 321.