ACCTG 255 - Introduction to Taxation
Credit Hours: 3
Billable Contact Hours: 3
Prerequisites: ACCTG 151
Session Cycle: FL
This is an introductory course in individual taxation and provides a comprehensive understanding of the United States Tax code as it relates to individuals. The course is designed to develop proficiency in the preparation of individual federal income tax returns in both a manual and computerized environment. Partnership and Corporate Taxation are briefly covered.
Notes:
Business Division
Theory Hours: 45
Learning Outcomes:
1. Demonstrate an understanding of progressive, proportional and regressive tax structures.
2. Demonstrate an understanding of the tax effects of cash basis accounting versus accrual basis accounting.
Applies To Accounting, A.A.S. Program Outcome B
3. Prepare federal income tax returns for individuals and sole proprietors using tax forms and tax software.
4. Prepare payroll related tax forms using tax forms and tax software.
Applies To Accounting, A.A.S. Program Outcome D
5. Demonstrate an understanding of partnership formation rules and prepare tax forms.
6. Demonstrate an understanding of corporate formation and prepare tax forms.
Applies To Accounting, A.A.S. Program Outcomes B & D
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