Gilbert Law Summaries on Income Tax I - Individuals

The subjects discussed in this outline are gross income, exclusions, income splitting by gifts, personal service income, income earned by children, income of husbands and wives, below-market interest on loans, and taxation of trusts. Also included are business and investment deductions, personal deductions, tax rates, credits, computation of basis, gain, or loss, realization, nonrecognition of gain or loss, capital gains and losses, alternative minimum tax, and tax accounting problems.