ACCT 250 — Income Tax Fundamentals (3 Credits, Fall)
This is an introductory course in the study of individual income taxation and the preparation of the Form 1040. This course covers filing status, exemptions, gross income and exclusions, business expenses and retirement plans, employee business expenses, itemized deductions, tax credits, and general administration of the tax laws. Students will also prepare several tax returns using professional software. (3 lecture hours, 0 lab hours, 3 credits)