Personal Taxation

General

Prefix

ACCT

Course Number

450

Course Level

Undergraduate

Department/Unit(s)

College/School

Herberger Business School

Description

Federal income taxation of individuals including gifts, estates, and trusts.

Prerequisites

Credits

Min

3

Max

3

Repeatable

No

Goals and Diversity

MN Goal Course

No

Cultural Diversity

No

Learning Outcomes

Outcome

Identify and apply U.S. Federal income tax law as applied to personal income tax returns: a) identify inclusions and exclusions to gross income; b) recognize, identify and differentiate dependents and filing status; c) recognize and calculate deductions and losses; d) identify capital assets, calculate net capital gains / losses and calculate the basis for these assets; e) recognize, describe and calculate tax credits; f) recognize and calculate alternative minimum tax; and g) calculate the Qualified Business Income deduction.

Outcome

Recognize, describe and calculate U.S. Federal estate and gift tax.

Outcome

Construct and evaluate tax planning strategies.

Outcome

Generate and evaluate a comprehensive U.S. Federal income tax return.

Dependencies

Courses

ACCT450 is a prerequisite for:

Programs

ACCT450 is a completion requirement for: