1.

August 29

1
Agenda
• Course introduction
• My background
• Your background
• Course overview  see slides 3 and 4

• Syllabus review

• Course materials

• Team break-out

2
 Tax

Planning Compliance Controversy

3
 Basic tax Pg 3-3
Formula

Federal tax
law

Legislative Executive Judicial

Branch Branch Branch

4
Course materials
• What is taxation? (1-1a)
• The basic tax formula (1-3b)
• Different types of taxes
• Property taxes – real and personal (1-4a)
• Transaction taxes (1-4b)
• Taxes on transfers at death (1-4c)
• Gift taxes (1-4d)
• Income taxes (1-4e)
• Employment taxes (1-4f)