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: