F Individual Income Tax

Catalog description

72 hours lecture per term. This course is designed to study the federal income tax process, federal income tax laws that apply to individuals, and the application of tax principles to specific problems. Topics include gross income and exclusions, business deductions and itemized deductions, losses, certain tax credits and property transactions. A study is also made of California income tax laws in those areas which differ from federal tax law. This course is certified by the California Tax Education Council (CTEC) as fulfilling the 60-hour qualifying educational requirement imposed by the State of California for becoming a registered tax return preparer. (Degree Credit) (CSU)