ACC 330 - Federal Tax Accounting I

This course is an introductory course in federal income taxes. It covers the tax law as set forth in the Internal Revenue Code, Treasury regulations, IRS rulings and pronouncements, and court decisions. Specific emphasis is placed on the taxation of individual taxpayers. Subjects include gross income, principles of revenue recognition and tax accounting, business deductions, losses, depreciation, itemized deductions, tax shelter loss limitations, tax credits, and the tax consequences of property transactions.

Prerequisite: ACC 301 or FIN 340 (minimum grade of C-) and minimum second semester junior standing.
When Offered: Fall
Credit: 3