ACC 134 - Individual Income Taxes

Institution:

Kapiolani Community College

Subject:

Description:

3 hours lecture per week Recommended Preparation: ICS 00 or ICS 0. ACC 134 prepares paraprofessional accountants who are assisting an accounting professional in the preparation of the annual tax return of an individual. The course content includes the Federal and Hawai'i income tax systems and basic concepts of taxation for individuals. Students gain experience in the use of tax preparation software and tax research tools and methodologies. Upon successful completion of the course, the student should be able to: Explain basic income tax concepts and the U.S. and Hawai'i tax codes as they relate to individuals. Explain the basic principles of income recognition. Properly categorize common items as included or excluded from Gross Income. Explain the basic principles of deductions and credits. Properly categorize items as deductible "for" or "from" Adjusted Gross Incom Discuss selected special topics, including limitations on deductible losses, application of capital gains rates, etc. Prepare moderately complex U.S. and Hawai'i income tax returns for individuals both manually and by using commercial tax preparation software, such as TurboTax . Apply specific principles of tax law(s) to the recognition of income, deductions, credits, etc. Perform basic research functions using IRS publications as well as software "Help" menus, library, Internet and CD-ROM tax research tools. Prepare and present basic research projects involving individual income tax issues.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

kapiolani.hawaii.edu/page/home

Phone Number:

(808) 734-9000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.