A basic federal income tax course covering concepts of taxation applicable to all taxable entities but primarily relating to individuals. Introduces research approaches to tax problems as well as methods of analysis most appropriate to taxation issues.
Athena Title
Taxation I
Equivalent Courses
Not open to students with credit in ACCT 5400H, ACCT 7400, ACCT 7560E
Prerequisite
ACCT 2102 or ACCT 2102H or ACCT 2102E
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student Learning Outcomes
Students will understand the concepts of taxation.
Students will understand the structure of our federal income tax system.
Students will understand the federal income tax laws in the United States.
Students will understand the most relevant types of taxes applicable at the federal level and how each is calculated.
Students will understand how to provide a framework for integrating income tax planning into accounting and business decisions.
Topical Outline
Overview of the Taxation of Individuals
Methods to Evaluate Alternative Tax Systems
Alternative Tax Rates and Methods of Tax Calculations
Sources of Tax Law
Tax Planning Methods
General Tax Concepts
Definition of Income and Alternative Forms of Taxable and Nontaxable Income
