ACCT 355 Income Tax Accounting I

A study of the current environment surrounding the federal income taxation of individuals and businesses, tax planning, and tax minimization.

Credits

3

Prerequisite

ACCT 202

Offered

Fall

Student Learning Outcomes

1. Have a basic understanding of the purpose and major types of taxes
2. Evaluate the impact of taxes on family financial decisions throughout their lives
3. Determine what income is included and excluded in the determination taxes
4. Apply tax rules to deductions and losses for both businesses and individuals
5. Evaluate the appropriateness of various tax strategies for individual family financial situations
6. Communicate with clients effectively
7. Integrate tax planning into the financial planning process