ACTG 412
Advanced Taxation
- Catalog Entry
ACTG 412. Advanced Taxation
Three hours lecture.
Prerequisites: ACTG 411
Examines advanced topics relating to individual and entity taxation, tax research, exempt entities, and multi-jurisdictional tax issues.
- Detailed Description of Content of Course
1. Income taxation of partnerships: Subchapter K
2. Income taxation of estates, trusts, beneficiaries, and decedents: Subchapter J
3. Estate and gift taxes: Subtitle B
4. Income taxation of corporations: Subchapter C
5. Income Taxation of Subchapter S Corporations: Subchapter S
6. Tax Research Methodology
7. Tax Practice
- Detailed Description of Conduct of Course
The course will consist of lecture, problem analysis, both in and out of class, computer assignments and tax form (return) preparation projects.
- 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).
2. prepare basic tax forms for each entity type
3. determine the effects of income/loss on tax basis
4. determine the effects of all distributions on the entity and on the taxpayer
5. determine estate/gift tax liabilities
6. understand the dynamics of trust instruments
7. prepare tax returns for estates and trusts
8. do some basic tax research
9. understand and interpret the code.
- Assessment Measures
Graded assignments may include in-class and take-home tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, computer projects, return preparation papers, papers, and class preparation and participation.
- Other Course Information
- Review and Approval
Date Action Reviewed by
September 2001 Reviewed Dr. Dan Davidson, Chair |