ACC 2241 - Federal Tax Accounting

A study of the federal revenue acts as they relate primarily to individuals and businesses including partnership issues. Topics include gross income, deductions for and from adjusted gross income, business-related expenses and losses, tax credits, and property transactions. An overview of the procedural aspects and important issues for those involved in tax practice. PREREQUISITE: ACC 2102 Managerial Accounting.

IAI Codes - Illinois Articulation Initiative (If applicable)