Description
Analysis of federal taxation of business activities, including: business income and expenses, capital gains and losses, depreciation and recapture; non-taxable exchanges, net operating losses, and the taxation of partnerships, S corporations, and C corporations. The course also introduces key principles of individual taxation, including income recognition, deductions, and credits as they relate to business owners and self-employed individuals.
Minimum Credits
3
Maximum Credits
3
Repeat for Credit
No
Required Requisite(s):
Prerequisites: Full Major OR Minor Status in Accounting.
Semesters Typically Offered
All Terms