ACC115 — Basic Tax Planning
ACC 115 - Basic Tax Planning ACC 115 - Basic Tax Planning Description: Techniques of federal individual, partnership and corporation income tax preparation. Emphasis on tax return preparation, with review of individual income tax law and applications of that law to tax return forms. Recommended preparation: ACC 131 and ACC 132 . Lecture: 3 Lab: 0 Course Content: The individual income tax return Gross income and exclusions Adjustments to income and employee expenses Itemized deductions Credits and special taxes Self-employment income Accounting periods, methods and depreciation Capital gains and losses Withholding, estimated payments, and payroll taxes Partnership taxation Corporate taxation Tax planning Learning
Prerequisites: ACC121, ACC131, ACC132