ACCT - 4251 Tax I (3)

Covers the study of individuals’ federal income taxation with an emphasis on the following topics: income, exclusions from income, deductions, exemptions, credits, property transactions, and depreciation. Explores the tax structure and its role, both as a source of revenue and as a device to control the economy. Emphasizes Form 1040 tax return preparation using tax preparation software including common schedules and worksheets. Instructional Method: Instructional Method: Lecture-Discussion, Online Lecture. Semesters offered: Fall, Spring, Summer. Equivalent to ACCT-424. Prerequisite: ACCT-2110.