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Course Description

Accounting - ACCT 238

Federal Tax Accounting (4-0) 4 Cr. Hrs.

Course Description

Federal income tax laws with emphasis on the regulations that relate to individuals and small business including state and local tax implications will be addressed. Preparation of tax forms and introduction to tax research are also addressed in this course.


(A requirement that must be completed before taking this course.)

  • None.


Course Competencies

Upon successful completion of the course, the student should be able to:

  • Calculate individual federal income tax.
  • Calculate individual federal estate and gift tax.
  • Prepare individual federal income tax returns.
  • Determine what income items are taxable and nontaxable.
  • Determine what items are deductible and nondeductible.
  • Determine filing status and exemptions for individuals.
  • Calculate capital gains and losses from property transactions.
  • Account for losses and bad debts.
  • Classify employee expenses and deferred compensation.
  • Calculate depreciation.
  • Calculate tax credits and payments.
  • Investigate a tax issue through basic tax research.
  • Create tax planning strategies for certain situations.
  • Explain the impact of taxes on society.

Course Schedule

 CourseSectionCourse TitleModeCredit HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2019; ACCOUNTING; No of Weeks : 15; Begins : 08/27/2019

 238142564Federal Tax ACCT 4Sviland M17/30/0Open$12.00M W  07:30 PM-09:24 PM AS710

Winter; 2020; ACCOUNTING; No of Weeks : 15; Begins : 01/11/2020

 238112521Federal Tax ACCT 4Sviland M19/30/0Open$12.00T R  12:30 PM-02:24 PM AS920

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