ACCT 504 - Introduction to Federal Income Taxation
3 Credits Federal income tax accounting for individuals. The nature and timing of gross income, exclusions, and deductions are emphasized. Impact of corporations, partnerships, and property transactions on the individual are covered. The structure of the Internal Revenue Code, regulations, and court decisions in the framework of tax research are also covered.
Prerequisites 12 credits of ACCT with a C grade or better, or consent of instructor.