ACC 410 - Personal Income Tax

3 Credits
ARR

Examines federal individual income tax concepts, such as gross income, exclusions, deductions, losses, exemptions, and tax credits. Further, the course covers the tax effects of property transactions and the deductions related to the cost recovery of certain assets. The goal of the course is to assist students in building a strong foundation of basic tax principles and concepts. It is not possible to address every exception to a particular law. The fundamental concepts and common transactions are emphasized.