ACT 4451 - Introduction of Taxation

3 Credit Hour(s)

Study of federal tax laws and regulations for individuals and business entities, with an emphasis on components of income, exclusions, allowable expenses, losses and owner distributions. Tax implications of property transactions to both individuals and business entities, and choice of business entity will be introduced. Accounting majors must complete this course with a grade of C or better.
Prerequisite(s): ACT 2292