2015-2016 Academic Catalog 
    
    Jan 30, 2023  
2015-2016 Academic Catalog [ARCHIVED CATALOG]

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ACCT 215 - Federal Income Tax Preparation



5.0 Credits
Prepare tax returns for the public. Interview clients and e-file their individual federal tax returns. Completion of the IRS Volunteer Income Tax Assistance (VITA) exam is part of class training. S/U grade only. Permit code required. Prerequisite
ACCT 214 or equivalent or instructor permission. Concurrent enrollment in BUS 291 required if using course to satisfy internship requirement. Corequisite


Course-level Learning Objectives (CLOs)
Upon successful completion of this course, students will be able to:

  1. Identify the types of income that are taxable.
  2. Determine where to report certain income items on the tax return.
  3. Explain the difference between the standard deduction and itemized deductions.
  4. Apply the rules for determining the deductibility of itemized deductions.
  5. Determine when taxpayers qualify for certain tax credits.
  6. Determine when the taxpayer is liable for certain other taxes.
  7. Prepare an individual tax return from interview data and compile it correctly.
  8. Effectively interview clients to obtain information necessary to prepare a federal income tax return.
  9. Provide clear and concise information to clients in a nonthreatening, confidential and responsible manner.
  10. Demonstrate professional and responsible behavior when interviewing clients.



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