ACC-2230 Federal Taxes

3 credits

Prerequisite: ACC-2121 or ACC-2122, with C- or better.

A study of federal tax laws and regulations as contained in the Internal Revenue Code, with the emphasis on individuals and sole proprietorships. Topics include income inclusions and exclusions, deductions, capital gains and losses, sales and exchanges, basis calculations, depreciable property, tax research, tax planning, and the preparation of the various tax forms and schedules applicable to an individual or a small business. (Shared course in VSC)