INCOME TAX ACCOUNTING (ACC-237)
Income Tax Accounting focuses on federal income taxation of individuals. It covers the conceptual framework of the Internal Revenue Code, the federal law relating to the preparation of individual tax returns. Among topics covered: itemized deductions, business expenses, capital gains and losses, credits and special taxes, and tax form preparation. Students learn to use the Internet to research tax matters. The course also includes an introduction to partnership and corporate taxes. (1.2-Articulated) NOTE: ACC 151 recommended.