ACCT 330 Federal Income Taxation I
First of a two-course sequence in federal income taxation. This course introduces the theory and application of federal tax law with emphasis on the taxation of individuals. Topics covered include the structure of the federal tax system and compliance requirements, tax planning strategies, gross income inclusions and exclusions, deductions for and from adjusted gross income, investment taxation, business income and expenses, tax computation and credits, and the acquisition, cost recovery, and disposition of property. The course emphasizes the identification of planning and compliance issues and the application of tax law to resolve those issues. Students develop practical skills in preparing federal individual income tax returns and applying data analysis tools in a tax context.
Prerequisite
ACCT 264 with a grade of "C" or higher.
Offered
Offered in the Fall semester.