AC 312 - Federal Income Taxes

• Assignments: 5 Units
• Interactivity: Weekly Discussion
• Final: No final project.

• Identify the objectives and models of taxation.
• Compare and contrast tax planning strategies and tax rates.
• Define income and sources of income.
• Identify types of employee compensation and their tax consequences.
• Identify business expenses and deductions.
• Compare types of property, methods of acquisition, depreciation, and disposition.
• Review and compare the benefits of tax-deferred exchanges.
• Compare and contrast corporations, partnerships, and sole proprietorships.
• Review individual taxation, exemptions, credits, and deductions.
• Compare tax planning strategies for estates.