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.

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

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