Federal taxation syllabus

Topics will include the definition of gross i ncome, exclusions from gross income, the requirements for various tax deductions, timing issues, and cap ital gains and losses. Week lecture notes. Tax Formula and Tax Determination : An Overview of Property Transactions.

Gross Income: Concepts and Inclusions. ACC-410: FUNDAMENTALS OF FEDERAL TAXATION. This syllabus is the intellectual property of Alan R. Sumutka and any use of it, in whole or in part, without my explicit.

ACC 3at Stevens Institute Of Technology. The objectives of the U. How federal tax law applies to business entities and to individuals, and 5. Offered by University of Illinois at Urbana-Champaign. Key concepts covered include gross income and items that are statutorily included or excluded in it, personal and business expenses that qualify. Introduction to a broad range of tax concepts and types of taxpayers.

Emphasis on the role of taxation in the business decision-making process. Provides students with the ability to conduct basic tax research and tax planning. Syllabus A covers business entity taxation and then individual taxation.

Syllabus B first covers individual taxation and then business entity taxation. Syllabus B does not provide for direct coverage of accounting for income taxes. It covers and focuses on the U. You’ll learn hundreds of ways to plan tax strategy and achieve significant tax savings for your clients, complete with problem examples and solutions to study and review.

Students will also demonstrate an understanding of the estate and gift tax laws. In this course you’ll receive training towards the IRS EA Special Enrollment Examination , which will earn you the coveted “Enrolled Agent” rating, and the right to be. Wednesday 5:to 7:p. COURSE DESCRIPTION: An examination of the concepts and principles underlying the annual accounting system of the federal income tax, including: the cash receipts and disbursements method of accounting, the accrual method of accounting, inventory accounting, carryovers, the claim of right doctrine, the tax benefit rule, deferred payment sales, original issue discount, and other time value of money issues.

Provide a citation for the source, a brief summary of the source, and how yo u think it will be helpful for addressing their tax issues. We specialize in low-tax solutions and advanced tax planning for small companies. Federal Income Tax : Individual. Exemptions - Filing Status3. Sale Or Exchange Of Property7.

Capital Gains and Losses9. Business Deductions10. Other Allowable Tax Deductions11. Depreciation Depletion and Amortization12. Self Employment Tax FICA FUTA15.

This course provides an indepth - analysis of a wide range of taxation topics including corporate formation, corporate taxation , liquidation, STUDENT WARNING: This course syllabus is from a previous semester archive and serves only as a preparatory reference. Course Description: This course include basic instruction in the tax laws as currently implemented by the Internal Revenue Service, providing a working knowledge of preparing taxes for individuals. BASIC FEDERAL INCOME TAX. UNIVERSITY OF MISSOURI.

Professor David English. Basic Income Tax is a 3-hour elective designed to introduce you to federal taxes and tax practice.