ACCT2230

This course focuses on United States federal individual income tax. The emphasis is primarily on the interpretation of the Internal Revenue Code. Students will learn to apply the code to determine revenue items that make up gross income, deductions for adjusted gross income, itemized deductions, exemptions, and credits. Using this knowledge, students will analyze tax planning strategies. Student Learning Outcomes

• Use tax-related terminology.
• Interpret Internal Revenue code sections as they apply to individual income taxes.
• Identify differences between individual income taxes and other types of taxes.
• Determine federal individual income, deductions, tax, and credits.
• Prepare form 1040 and accompanying schedules.
• Apply knowledge of the Internal Revenue Code to tax planning.
• Relate federal individual income taxes to other business and individual financial matters.
• Apply ethical tax practices in tax preparation.