ACCT 387 Income Tax
(3-0-3) Income tax legislation, basic tax research, application of current tax law to prepare returns for individuals, including sole proprietorships; calculation of gross income, adjusted gross income, determination of tax liability; basis for gains and losses; calculation of capital gains and losses; dividends; deductions; tax credits and withholding. This course prepares accounting majors for the REG and TCP sections of the CPA exam; non-accounting majors are welcome, but should be prepared for the academic rigor in the class.
Prerequisite
"C" or better in
ACCT 282. ACCT 381 is recommended.