ACCT 403: Federal Income Taxation
Course Description
This course is an introduction to the basic concepts of the federal income taxation. An overview of the sources and basic framework of federal income tax law is provided followed by concepts of filing status, exemptions, income recognition, exclusions, deductions, and capital gains and losses. The basics of entity taxation and cost recovery are also covered. Prerequisites: (ACCT 301 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.