ACCT 132   Federal Income Taxes II* (3 Hours)

Prerequisites : ACCT 131 with a grade of "C" or higher.

This course is an in-depth study of Federal Income Tax; it teaches the student federal income tax rules and the procedures for reporting federal income tax for businesses including corporations, partnerships and trusts. Upon completion of this course the student should be able to analyze basic tax scenarios, conduct tax research and complete federal tax returns for various business entities. In addition, the student should be able to conduct short- and long-term tax planning for a business.