This certificate provides a thorough exploration of the tax implications of business decisions, aimed at imparting a comprehensive understanding of tax knowledge necessary for identifying, researching, and solving tax issues, as well as effective tax planning.
Emphasizing an advanced approach to federal taxation principles, the course delves into federal income taxation concepts and provisions related to property transactions, partnerships, corporations, trusts, and estates.
Students are equipped to understand and analyze the complexities of federal tax law, preparing them to adeptly navigate the tax system and its influence on various business and investment decisions, fostering a capability to approach taxation scenarios with confidence and expertise.
Eligibility requirements:
- ACCT 350 with a C or better, or permission of the instructor.
- ACCT 285 or ACCT 321 with a C or better and admission to the BAS Accounting program.
Learning Outcomes
Degree recipients should possess the skills & abilities described below:
- Gain fluency in taxation terminology to navigate and understand the complexities of tax law and practices.
- Determine after-tax profit or loss from complex business and investment transactions, demonstrating practical application of tax principles.
- Identify and present potential tax problems and solutions, exercising leadership and problem-solving skills in taxation contexts.
- Master the calculation of taxes on capital gains and losses, and understand the intricacies of nontaxable exchanges.
- Analyze and evaluate the capital structure, operating rules, and taxation of corporations, including earnings, profits, and distributions.
- Implement and assess taxation provisions for corporations, trusts, and estates, ensuring comprehensive understanding of diverse tax environments.
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