ACTG 211 - Income Tax Fundamentals

3 credits (Hrs: 3 Lec.)

This tax course presents general concepts of the U.S. tax law and the various taxable entities. Tax formulas, filing requirements, components of gross income, and itemized deductions are presented. This course presents the foundation for preparation of various income tax returns and background information for planning and controlling the income tax consequences of future events.

Prerequisite(s): ACTG 101. Is not equivalent to ACTG 401. Course generally offered 1st semester.