Courses


Course Descriptions

ACCT 4235 - Advanced Income Tax Accounting

Description

A continuation of ACCT 4230 with emphasis on taxation of property transactions and business organizations, particularly corporations partnerships and S-corporations.


Upon successful completion of the course students will be able to:

  1. Determine the federal tax consequence for capital contributors to corporate formation
  2. Determine the federal taxable income and tax for C-corporation returns
  3. Analyze the tax effect to shareholders and corporations of corporate capital distributions
  4. Determine the federal taxable income and separately stated income and deductions for partnership returns
  5. Determine the federal taxable income and separately stated income and deductions for S-corporation returns
  6. Determine the tax effect of gift giving and be able to calculate the gift tax liability
  7. Determine the Estate tax liability utilizing the formula for the Estate Tax
  8. Examine the tax consequences of Property Transactions - NonTaxable exchanges
  9. Understand the Tax treatment for Section 1231, 1245, and 1250 Property transactions
3

Credit Hours

Business Administration


Prerequisites

  • ACCT 4230 Minimum Grade: C