ACCTG 217 - Individual Income Tax Procedures

5 Credits

Provides an introduction to taxation with the primary focus being on Individual Income tax laws, regulations, judicial resources, and administrative requirements. Provides the foundation and fundamental background for conducting tax research and resolving issues involving individual Income taxation.

Course Note Recommend taking ACCTG 121 min 2.0 or ACCT& 201 min 2.0 but not a requirement.
Fees

Quarters Typically Offered
Spring Online

Designed to Serve Business students interested in tax law and accounting.
Active Date 20240322T08:18:55

Grading Basis Decimal Grade
Class Limit 32
Contact Hours: Lecture 55
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
Course Outline

Writing of research papers
Processing complicated tax returns using the income tax formula
Students gain a working knowledge of the tax formula to be able to solve tax return problems

Student Learning Outcomes
Analyze and calculate standard deductions and exemptions and items of gross income and exclusions, business income and expenses, itemized deductions, credits and special taxes.

Accurately prepare income tax forms and schedules.

Explain basic concepts of Tax Administration and Tax Planning.

Demonstrate the effective use of tax preparation software.