ACCT 316 - Federal Income Tax Accounting

Basic concepts applicable to all taxpayers with emphasis on taxable income for individuals. Includes gross income, exclusions and deductions from gross income, nonbusiness deductions, gains and losses on sale or exchange of assets, and tax credits. Frequent reference to the Internal Revenue Code and Regulations.

Requisites: ACCT 214 (Required, Previous). Junior Standing or instructor permission (Required, Previous).

Credits:4 cr

Session Cycle Fall and WinterYearly Cycle Every Year