ACC 312 - Federal Income Taxation

A study of federal income tax laws as they affect individuals and businesses. The course takes a conceptual approach to understanding income tax principles such as gross income, exclusions, deductions, credits, capital gains and losses, property transactions, and other investment and business issues. The course provides a detailed coverage of individual income tax, along with an introductory coverage of other entities including corporations, partnerships and S corporations.

Core Curriculum/Core Requirements:

Prerequisites: A grade of C- or better in ACC 202, junior standing.

Course Typically Offered: Fall

Credits: 3