BACC 427 Taxation of Individuals and Business Income
The purpose of this course is to develop a basic understanding of federal income taxation to provide tools for a practical application to business and nonbusiness situations. Includes such topics as capital asset and property transactions, business and personal deductions, depreciation, depletion, accounting methods and periods, retirement plans, tax credits and the alternative minimum tax system. While the emphasis of the course is on business income of individuals, the course also provides an introduction to the taxation of corporations and the implementation of Corporate tax of the UAE in 2023.
Offered
Semester 1