ACC 254 — Federal Taxation
(3 Lecture 0 Lab 0 Shop) 3 Hrs./Wk. (3 Hrs. Lecture) *1 5 wks. This course examines taxation for individuals, including Schedule C, which is filed for sole proprietorship businesses. Topics include filing requirements, gross income, exclusions, deductions, exemptions, tax credits, and tax research. A general overview of tax consequences for different forms of business entities such as corporations, partnerships, limited liability companies, and S-Corporations are included. Students will use tax software to complete tax returns.