Advanced Income Taxation

Catalog description

This course covers components of the Uniform CPA Examination Regulation (REG). The course is an in-depth study of advanced corporate, flow-through entities, not-for-profit entities, transfers, and trust taxation. Students will learn how corporations, partnerships, S corporations, and limited liability companies are taxed. Students will also explore the potential tax effects on not-for-profit entities. Gift and estate taxation, tax planning strategies, multi-jurisdictional taxation, and the IRS administrative procedures for entities will be examined. Recommended prerequisites: ACT406 or equivalent.