ACCT 370 - Tax Accounting- Personal

Institution:

The University of Findlay

Subject:

Description:

3 semester hours Prerequisite: ACCT 221 This course provides an introduction to taxation in the United States. The primary orientation is the taxation of income. The rules for the taxation of income are found in Title 26 of the U.S. Code. The course will focus on research cases and problems oriented to answering questions relative to the application of the IRS Code. After an introduction to the basic tax model, the course examines gross income, its concept, inclusions and exclusions. There follows a detailed examination of deductions and losses. In particular, business expenses, cost recovery, employee expenses, itemized deductions, and passive activity losses. Part of the assigned work is the completion of current year tax forms. These forms are available from the IRS web site, www.irs.gov. The Shafer Library has access to legal databases, which permits the student to view code and regulation sections, as well as court cases relative to those code sections.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.findlay.edu/

Phone Number:

(419) 422-8313

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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