ESSENTIALS OF TAXATION.

Catalog description

Notes: this MPAcc foundation course does not count toward the required MPAcc degree credits. Pre-requisites: admission to MPAcc Program, ACCT 510 or ACCT 251 or approved equivalent and permission from the School of Professional Accounting Director of Graduate Programs. Covers fundamental tax issues for taxpayers primarily for individuals and, briefly touches some taxation for businesses. Primary topics include basic income tax computation for individuals, definition and calculation of income, taxation of property-related transactions, capital gains and losses, charitable contributions, itemized deductions, etc.