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 5400, ACCT 5400H, ACCT 7400
Non-Traditional Format
This course will be taught 95% or more online.
Prerequisite
ACCT 2101 or ACCT 2101E or ACCT 2101H
Grading System
A - F (Traditional)
Student learning Outcomes
Students will develop a basic understanding of the federal income tax laws in the United States.
Students will develop an understanding of the most relevant types of taxes applicable at the federal level and how each is calculated.
Students will understand the 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
