Overview
Description
Introduction to the federal income taxation system applicable to measuring and reporting taxable income of limited liability business entities.
Requirements
Prerequisites
- with a “C” or better
- Business major or minor
ACC 410
Original catalog text
Prerequisites
ACC 410 with a “C” or better; Business major or minor.
Units
Lecture3
Catalog Details
Restrictions
Business major or minor
Attributes
StandardRepeatable
Learning Outcomes
- apply the general tax rules to business income of different entities.
- demonstrate knowledge of the basic components of federal income tax returns for incorporated and unincorporated business entities.
- describe the tax rules associated with transactions between incorporated and unincorporated business entities and their owners.