ACC-2027 - Federal Income Tax Accounting I* (3)

Prerequisite: ACC-2010
Students learn how federal income tax laws and regulations relate to individuals. Topics include gross income, business income and expenses, deductions and exclusions, capital gains and losses, withholding, tax liabilities, tax credits, accounting periods and methods, and other taxes.

List Course Outcomes (consistent for all sections)
CO1 - Analyze taxpayer facts to determine the taxpayer filing requirements.

CO2 - Distinguish different types of income to calculate individual taxpayer liability.

CO3 - Identify deductions for and from Adjusted Gross Income in order to determine taxable income.

CO4 - Identify appropriate tax credits in order to calculate taxpayer liability.

CO5 - Apply federal tax law to individual taxpayer facts in order to prepare a Form 1040, including all relevant schedules and worksheets.

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