ACC 460 Advanced Federal Taxation
This course includes a comprehensive study of the federal income tax structure and the practical application of income tax accounting to specific problems as related to individuals and proprietorships. It emphasizes the general filing status, includable and excludable income, analysis of the categories of itemized and other deductions, tax treatment of sales and exchange of property, available depreciation methods, and recapture provisions. In addition, the course introduces the alternative minimum tax on individuals, the earned income credit, child care credit, and credit for the elderly. Prerequisite: BUS122.
Prerequisite
BUS122 D- O BUS122 TC