ACCT 356 Income Tax Accounting II

A continuation of Income Tax Accounting I, with study expanding to the current rules surrounding the federal income taxation of property, partnerships, corporations, gifts, and estates. 

Credits

3

Prerequisite

ACCT 355

Offered

Spring

Student Learning Outcomes

1. Have a basic understanding of the purpose and major types of taxes
2. Evaluate the impact of taxes on businesses and non-profit organizations
3. Determine what income is included and excluded in determination of taxes
4. Apply tax rules to deductions and losses
5. Evaluate the appropriateness of various tax strategies for corporations and partnerships
6. Communicate with clients effectively
7. Integrate tax planning into the financial planning process