ACCT 322 - Income Tax II

Credits: 3
When Offered: Spring, even years
Prerequisite(s): ACCT 321, ENGL 101, ENGL 102 and COMM 105 or ENGL 101H and ENGL 102 with a minimum grade of “C.”

This course provides a comprehensive coverage of the fundamental concepts in federal income taxation with an emphasis on partnership, corporate, gift, trust and estate taxation. Corporate and partnership topics include the determination of income, deductions, losses, credits and tax liability; liquidating and non-liquidating distributions; acquisitions and reorganizations; estate planning mechanisms; and related special issues. The Internal Revenue Code and Treasury Regulations are an integral part of this course.

Note: Second semester of a two-semester sequence. This course requires the first semester course be taken prior to registering.