ACCT 450 - Federal Income Taxation II

5 CR

Advanced approach to principles of federal taxation. The course specifically covers concepts and provisions of federal income taxation in relation to property transactions, partnerships, corporations, trusts and estates.

Recommended: ACCT 351
Prerequisite(s): ACCT 285 or ACCT 321 with a C or better and admission to the BAS Accounting program.

Course Outcomes
• Calculate taxes on capital gains and losses.

• Outline and implement nontaxable exchanges.

• Analyze the capital structure and operating rules of corporations.

• Evaluate the taxation for earnings, profits, and distributions.

• Implement and assess the taxation and provisions for corporations, trusts, and estates.

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