AC 502 Federal Income Tax
Analysis of the basic framework utilized in measuring and reporting taxable income of individuals and business entities including gross income, deductions, tax rates, credits, timing issues and procedural matters, and analysis of federal tax law relating to the formation, operations, and liquidations of corporations including dividend distributions and stock redemptions.
Prerequisite
Acceptance to the Certificate in Accounting Program, plus
AC 211 (Introduction to Financial Accounting) and
AC 212 (Introduction to Managerial Accounting) or equivalent, or
AC 500 (with a grade of B or higher).