ACCT 241 - Tax Accounting I

3 Credit(s).

Examines fundamental federal, state, and local tax concepts, related to individuals. The course includes a comprehensive overview of the legislative process; basic tax structure; essential aspects of tax research; gross income; business, employee, and itemized deductions; and property transactions. The course provides experience in the use of various federal forms and schedules, including Schedule C for the calculation of profit/loss for sole proprietorships. A consideration of the ethical obligations of tax preparers is included. The course uses computer technology and problem-solving techniques to supplement classroom work. Course offered every fall, spring and may be offered during additional sessions.

Prerequisite(s): ACCT 102
Lecture Hours per Week: 3
Common Course Outline: ACCT 241 CCO