ACCT 350 - Federal Income Tax

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): ACCT 125 or ACCT 210

Restriction(s): None

Corequisite(s): None

This course covers Federal Income Tax Law, its applications to individual taxpayers and practice in preparing tax returns. Topics include: introduction to the history of tax; rates and exemptions; income determination; recognition of gains and losses; deductions; tax planning and an introduction to estate and gift taxes.

Student Learning Outcomes of the Course:

Identify and differentiate appropriate tax filing status and dependencies.
Identify, differentiate and record different types of income using the appropriate tax form(s).
Identify, differentiate and record different types of adjustments using the appropriate tax form(s).
Identify, differentiate and record different types of deductions using the appropriate tax form(s).
Identify, differentiate and record different types of credits using the appropriate tax form(s).
Completion of an actual taxpayer’s tax return.
Completion of a capstone project