ACC215: Tax Accounting I
ACC215: Tax Accounting I - 4 Hours
Prerequisite: ACC101 (C or higher)
Students will be introduced to income tax fundamentals in accordance with the latest amendments to the Internal Revenue Service (IRS) code and regulations. This course examines the practical aspects of filling out simple and complex 1040 forms. Topics covered include: taxable income, exclusions, deductions, employee business expenses, retirement accounts, gains and/or losses, AMT, simple Schedules C (self-employed) and E for rental property and passive activities, various tax credits, and estimated taxes.