ACC 452 Individual Tax
This course delves into current tax code concepts, issues, and
regulations and the resulting consequences and liabilities
to clients. The course explores the structure of the code as
it pertains to the taxation of individuals, their businesses,
partnerships, trusts, and other legal entities. The course walks
students through personal income tax calculations and the
ramifications of taxable transactions. Students work through
practical scenarios including calculating taxable income,
exclusions and deductions, depreciation and amortization
schedules, the alternative minimum tax, and real estate
and business sales and exchanges. The course explores tax
management techniques such as excluding income, deferring
income, shifting income, and managing or timing income.
Students will develop tax planning strategies to manage
tax liability and to accumulate assets while minimizing tax
consequences.
Offered
Spring Semester