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Federal Taxation (ACC 254)
Term: 2023-2024 Fall Semester
ACC 254 Federal Taxation3 Credits (3 Lecture 0 Lab 0 Shop)3 Hrs/Wk (3 Hrs. Lecture) *15 wksThis course examines taxation for individuals, including Schedule C, which is filed for sole proprietorship businesses. Topics include filing requirements, gross income, exclusions, deductions, exemptions, tax credits, and tax research. A general overview of tax consequences for different forms of business entities such as corporations, partnerships, limited liability companies, and S-Corporations are included. Students will use tax software to complete tax returns. Prerequisite: ACC 120