ACCT 214 - Individual Income Tax Preparation

5.0 Credits
Overview of the taxation of individuals. Emphasis on practical forms preparation and dealing with the most frequently encountered issues in taxation. Computer application. Prerequisite
ACCT 101 and minimum placement into EAP 121 or BRDGE 093. Corequisite

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

Analyze, apply and evaluate tax information by preparing individual tax returns and related forms.
Identify and analyze problems and options, select and implement appropriate solutions based on current tax law.
Use mathematics to solve quantitative business issues and problems as relating to taxes.
Use personal computers and other tools most commonly used by business to obtain, store, organize and communicate quantitative information. Specifically in this course the ability to use tax software.
Explain the rules for determining the deductibility of common expenditures.
Classify deductions as for, or from, adjusted gross income.
Identify the types of income that are taxable and the types of expenses that are deductible.
Explain the costs and benefits of simple financial choices encountered in strategic decision making as relating to taxes.
Research websites for tax forms, information and current events in tax and business.