ACCT 522 - Advanced Tax 2: Individuals

Description:
Study of principles of federal income taxation of individuals. Focus is on individual income tax compliance, such as gross income, deductions, credits, property transactions, retirement income, alternative minimum tax, and self-employment tax.

Prerequisites:
Prerequisites: (ACCT 303 or ACCT 340 or equivalent) and admission to the professional tax practice graduate certificate or department permission.

Credits:
(5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

List the preliminary actions and documents necessary to prepare individual income tax returns
Compute and define all types of individual income, such as wages income, retirement income, or income from property (whether real or personal)
Compute and define self-employment tax
Apply the law as it relates to tax credits available to individuals
Compute and define Itemized deductions and adjustments to income
Evaluate a taxpayer’s compliance with wealth transfer taxes
Evaluate a taxpayer’s compliance with FBAR requirements
Identify the most common tax planning strategies available to individuals

Learner Outcomes Approval Date:
5/23/19

Anticipated Course Offering Terms and Locations:
Winter Locations Ellensburg, Online, Des Moines, JBLM, Lynnwood, Moses Lake, Sammamish, Pierce County, Wenatchee, Yakima