ACTG 412: Advanced Taxation
Prerequisites: ACTG 411
Credit Hours: (3)
Examines advanced topics relating to individual and entity taxation, tax research, state taxation and multi-jurisdictional tax issues.
Detailed Description of Content of Course
1. Overview-understanding the tax law and tax research
2. Passive activity losses & alternative minimum tax
3. Property transactions-nontaxable exchanges, Sec. 1231, and depreciation recapture provisions.
4. Accounting periods & methods
5. Advanced corporate & partnership topics
6. Multi state taxation
7. Tax administration & tax practice
8. Gift & estate taxation
9. Advanced employee benefits
Detailed Description of Conduct of Course
The course will consist of a combination of the following: lecture, problem analysis (both in and out of class), project and presentations, computer assignments and tax form (return) preparation projects, classroom presentations.
Goals and Objectives of the Course
Having successfully completed this course, the student will be able to:
1. Determine which tax entity is appropriate for the client (partnership, S corporation, C corporation, other).
2. Prepare basic tax forms for each entity type
3. Determine income/loss for partnership, C-corporations and S corporations
4. Determine the effects of distributions on the entity and on the taxpayer
5. Determine estate/gift tax issues
6. Understand the dynamics of trust instruments
7. Do basic tax research
Graded assignments may include in-class and take-home exams, pop quizzes, completion and presentation of problem exercises, computer projects, return preparation projects, papers, and class preparation and participation.
Other Course Information
Review and Approval
Date Action Reviewed by
Reviewed March 2011
March 27, 2012