A 635 - Analysis of Federal Income Taxation I

An examination and application of the federal income tax law including objectives, history, sources of tax law, and administration. Analysis of the application and effect of federal tax law as it impacts the different types of tax payers including individuals, corporations, partnerships, limited liability entities, sub-chapter S corporations, and trusts and estates. Students will apply income tax concepts of accounting methods and periods, income, deduction losses, property transactions, fringe benefits, and retirement plans.
3 credit hours.