ACCT 3200 Tax Accounting

Federal income tax fundamentals under the latest amendments to the Internal Revenue Code as applicable to the individual's taxes, credits, inclusions in and exclusions from gross income, capital gains and losses, dividends and allowable deductions.

Registration Name

Tax Accounting

Lecture Hours

3

Lab Hours

0

Credits

3

Prerequisite

ACCT 2020

Offered

Demorest: Fall

Student Learning Outcomes

At the completion of this course, students will be able to:

• Interpret tax documents for use in preparation of a federal income tax return.
• Prepare an income tax return using basic tax preparation software. 
• Explain the basic formula for calculating an income tax liability. 
• Calculate the tax owed or refund due for an individual tax return. 
• Understand and apply the tax laws regarding income, deductions, and tax credits.