Courses


Course Descriptions

ACCT 4230 - Income Tax Accounting

Description

An introduction to the income tax laws with emphasis on taxation of individuals.


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

  1. Calculate an individual‰лЊs federal taxable income and the related income tax liability
  2. Apply rules for determining filing status and dependency exemptions
  3. Describe the components of gross income and identify and explain items that are included and excluded from gross income and deducted in arriving at adjusted gross income
  4. Identify and calculate allowable itemized deductions
  5. Determine gains and losses from business and personal property transactions, including the determination of basis, and the tax applicable to such transactions
  6. Calculate cost recovery deductions relating to fixed assets and applicable recapture upon disposition
  7. Prepare various individual income tax forms
3

Credit Hours

Business Administration


Prerequisites

  • ACCT 2102 Minimum Grade: C or ACT 327 Minimum Grade: C or ACT 206 Minimum Grade: C

We use cookies on this site to offer a better browsing experience, perform analytics, personalized advertising, measure advertising performance, and remember website preferences. For more information on cookies including how to manage your consent, visit our Cookie Policy.