ACCT 331 Federal Income Taxation II
Second of a two-course sequence in federal income taxation. This course focuses on the application of federal income tax law to business entities, including C corporations, partnerships, S corporations, and their owners. Topics covered include entity selection and its tax consequences, corporate operations and tax computation, accounting for income taxes, corporate distributions, corporate formation, reorganization and liquidation, partnership formation and operations, partnership distributions and dispositions, S corporations, and state and local taxation. The course develops students' ability to apply tax law to practical business situations through tax return preparation, case analysis, and professional tax simulations.
Prerequisite
ACCT 330.
Offered
Offered in the Spring semester.