ACCT 3231 FEDERAL INCOME TAXES II
This course is the continuation of Federal Income Taxes I (ACCT 3230) and will cover: computing federal income taxes and determining and utilizing allowable credits, computing the overall tax result for a sole proprietorship business, determining the Alternative Minimum Tax for individuals, discussing and computing the various tax options related to property (including the computation of the adjusted cost based and resulting gains and losses at the time of sale or other disposition), special rules related to home ownership, basic issues related to tax free incorporation of an entity, and the basic understanding and some unique issues (which are different from individual tax issues) regarding corporations. TYPE OF COURSE: Accounting core requirement PREREQUISITE: ACCT*3230
Offered
EVERY SEMESTER