Individual Tax Compliance and Planning

Catalog description

This course will ask students to synthesize and evaluate tax compliance planning - specifically developing strategies to help clients achieve greater tax efficiency. Topics may include income tax concepts and calculations, income tax research methods, gross income realization, exclusions and deductions, passive activities, alternative minimum tax, tax considerations of business forms, taxable and non-taxable property transactions, compensation planning, family tax planning, audit risk & communicating with the IRS.