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 is emphasized. The impact of corporations, partnerships, and property transactions on the individual is covered. The structure of the Internal Revenue Code, regulations, and court decisions in the framework of tax research is also covered.
Prerequisites Prerequisite: 12 hours of accounting with a C grade or better, or consent of instructor.