Federal Taxation of Individuals
Course Information
Subject
ACC
Course Number
212
Division
Status
Active
Course Title
Federal Taxation of Individuals
Course Description
This course involves the practical study of Federal Tax Law as related to the individual and sole proprietorship. Topics covered include history of Federal Income Tax, Personal and Dependency Exemptions, Cash and Accrual Methods, Gross Income inclusions and exclusions, Depreciation Methods, Property Transactions, Realization and Recognition of Gain or Loss, Deductions for and from Adjusted Gross Income (AGI), Itemized Deductions, Passive Activity rules and Tax Credits.
Minimum Credit Hours
3
Maximum Credit Hours
3
Total Completions Allowed for Credit
1
Lecture - Lab Hours
(3-0)
Requirements
Prerequisite: ACC 121 (C or better). Course fee.
PCS Code
1.2