ACC 431 - Federal Tax Accounting II

This course covers federal tax laws pertaining to business entities. It discusses the computation of the corporate income tax and the taxation of partnerships and S corporations. Particular emphasis is given to the tax treatment of transactions between corporations and their shareholders and between partnerships and their partners The course describes the tax law as set forth in the Internal Revenue Code, Treasury regulations, IRS rulings and pronouncements, and court decisions.

Prerequisite: ACC 330 and ACC 301 (minimum grade of C-) and minimum second semester junior standing.
When Offered: Not on a regular basis
Credit: 3