2021-2022 Undergraduate Catalog 
    
    Apr 22, 2024  
2021-2022 Undergraduate Catalog [ARCHIVED CATALOG]

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ACCT 215 - Federal Income Tax Preparation



3.0 Credits
Provides training for students to prepare tax returns for the public, interview clients and prepare 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. 
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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