Federal Income Tax-Corp (ACCT 450)

• College: College of Business
• Department: Account, Finance, Info Systems
• Credit Hours: 3
• This course has a lecture with 3 hours.

Continuing the federal income tax sequence, the course topics include the concepts of gross income, ordinary and necessary business expenses, property transactions, accounting periods and methods, and the alternative tax system for C-Corporations, S-Corporations, and Personal Service Corporations. In addition to income taxation, the course includes the tax consequences of corporate formation, distributions, and liquidations. Pre-Requisites:ACCT 202 with a grade of C- or better. Typically Offered Spring Only