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 340 (or equivalent) AND admission to the School of Graduate Studies and Research.

Credits:
(5)

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

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

Learner Outcomes Approval Date:
2/19/21

Anticipated Course Offering Terms and Locations: