ACC 305 Federal Taxation

3 Credit(s) W-II

This course is a writing-intensive study of federal income tax principles and concepts which pertain to all tax reporting entities. It emphasizes understanding the factors that impact the preparation of federal income tax returns and the ability to utilize varied references in dealing with tax accounting research. Students will prepare and draft documents commonly used in tax accounting practice and will also complete an analytical research paper. Particular emphasis is placed on the subjects of gross income, deductions, capital gains and losses, and the determination of taxable income. 3 lecture hours per week.

Prerequisites: ACC 106, W-I course