2020-2021 Academic Catalog 
    
    Nov 08, 2024  
2020-2021 Academic Catalog [ARCHIVED CATALOG]

ACCO 252 - Income Taxation

4 CR
A comprehensive introductory course in tax return preparation. Emphasis will be placed on tax issues and return preparation for individuals and unincorporated businesses. The primary focus is on the development of working familiarity with tax forms, documentation, and solution of tax problems affecting individuals. Federal taxation emphasized. Lab Fee

Course Learning Outcomes:
  1. Students will explain all sources of income including business and individual.
  2. Students will evaluate business income, business expenses, itemized deductions, and individual credits.
  3. Students will explain depreciation, capital gains and losses, and principles of taxation for partnerships and corporations.
  4. Students will complete an individual income tax return, including appropriate schedules.