Individual Income Tax

Catalog description

Students learn the fundamental principles of individual income tax.? This course introduces students to?current tax law, basic filing requirements, includable income, adjustments, itemized deductions, and tax credits.?Students engage in an in-depth study of?individual income tax?including?the?laws and practices related to?calculating and preparing?individual income tax.?This is one of two courses addressing?taxation.? ACCT 1371 Business Income Tax explores taxation in business. NOTE: Students?planning to take both tax classes?should attempt to take ACCT 1370?and ACCT 1371?immediately after one another to facilitate understanding and learning.