Title

ACCT2256 - Income Tax-Business

Description

Description

This course provides an explanation and interpretation of the Internal Revenue Code as applied to sole proprietorships, partnerships and corporations. Topics include business income, expenses, business tax credits, withholding and payment of established estate and trust tax issues.
API ID

Credits

3 (3/0/0)

Prerequisites

Competencies

  1. Describe corporate organization.
  2. Describe corporate operating rules.
  3. Identify corporate income and deductions.
  4. Compute corporate tax liability.
  5. Identify partnership basis.
  6. Illustrate tax research.
  7. Explain depreciation recapture provisions.
  8. Prepare business tax returns, pass through entity returns and related schedules.
Degrees that use this course

Degrees that use this course

Accounting
Degree:
Associate of Applied Science (AAS)
This program provides the knowledge and skills necessary to examine, analyze, interpret and correct accounting data for the purposes of...
Location:
Moorhead Campus
Online
Credits:
60
Accounting Clerk
Degree:
Diploma
This program provides the knowledge and skills necessary to perform routine calculating, journalizing, posting and verifying duties to...
Location:
Moorhead Campus
Online
Credits:
32
Payroll Specialist
Degree:
Diploma
This program provides the knowledge and skills necessary to perform routine calculating, journalizing, posting and verifying duties to...
Location:
Moorhead Campus
Online
Credits:
32