AC 301 - Introduction to Taxation

4.00 credits.

Following the American Institute of Certified Public Accountants (AICPA) recommended Model Tax Curriculum as revised in 1999, this course introduces a broad range of tax topics and principles of federal income taxation of individuals, corporations and partnerships. Understanding various types of taxes in the U.S. system and the basis for the federal income tax system is emphasized. Tax concepts that relate to individual taxpayers, and identifying the similarities and differences of individual taxation items to the taxation of business entities are learned, emphasizing the role of taxation in the business decision-making process, tax law and research, and concepts application. *Prerequisite(s): AC 101 or permission of instructor.