Coverage of individual income tax matters, including business and investment income, business and personal deductions, property transactions, and tax issues of employees. Class Description Various provisions of the Internal Revenue Code and interpretations thereof that primarily relate to the federal income taxation of individuals. There is much student discussion.
Homework assigned is discussed in class.
When students are asked to give their conclusion to the assigned problem, they are required to give any authority they relied upon to reach such conclusion. Hence, much time is spent in class analyzing the Internal Revenue Code. Recommended preparation Completion of Acctg 421. A willingness to spend much time on improving problem solving skills. Class Assignments and Grading Two writing assignments are required.