ACCT 441 - Advanced Tax 1: Individual

Description:
Study of principles of federal income taxation of individuals. Focuses is on individual income tax compliance, such as gross income, deductions, credits, property transactions, retirement income, alternative minimum tax, and self-employment tax. ACCT 441 and ACCT 541 are layered courses; students may not receive credit for both. Formerly ACCT 446, students may not receive credit for both. Course will be offered every year (Fall, Spring).

Prerequisites:
Prerequisites: a grade of C or higher in ACCT 340 and (a) admission to a Tax Certificate Program or (b) admission to the accounting major AND completion of the College of Business Foundation courses (ACCT 251 and ACCT 252 and BUS 221 and BUS 241 and MATH 153 or MATH 154 or MATH 170 or MATH 172 or MATH 173 and ECON 201) with a minimum C- grade in each course and a minimum collegiate GPA of 2.25.

Credits: (5)

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

Locate and interpret primary and secondary authoritative sources of tax information using web-based services.
Apply U.S. tax law to meet compliance requirements
Apply U.S. tax law to identify tax planning opportunities
Communicate the results of research, compliance, and planning efforts, to audiences with different levels of expertise.

Learner Outcomes Approval Date:
4/5/18

Anticipated Course Offering Terms and Locations: