ACC 8276 — Individual Tax Preparation
The course is an introduction to individual income taxes. Topics covered include understanding federal law, property transactions, gross income inclusions, gross income exclusions, deductions and losses, self-employment issues, itemized deductions, and tax credits. The course will allow students to explore the role and responsibilities of a professional tax preparer as they can work with clients, become certified volunteer tax preparers, and earn their certificate of completion during the tax season. Upon completion of this course, students will be able to complete individual tax returns. All students in the course qualify to take part in the Volunteer Income Tax Program (VITA) certification course, where students will take various online quizzes and volunteer 40-45 hours during the tax season, helping clients complete their tax returns. At the end of the tax season students will earn a certification of completion signed by the IRS