Application of United States income tax laws to transactions which cross national borders. Concepts addressed include residency of citizens, source rules, "effectively connected with" income and deductions, foreign tax credit, taxation of foreign subsidiaries and affiliates of United States persons, and the effect of income tax treaties. Statutory impediments to tax avoidance opportunities presented by international tax also are examined.
Prerequisite: Introduction to Federal Income Taxation (700)
This is an elective course. Most, though not all, electives are offered each year. Students may expect to have at least one opportunity to subscribe to all electives at some time in their three years in the college.