It's Your Education, Make an Informed Choice.

This class examines how the federal income tax and other legal entities affect different individuals. Topics covered in this course include deductions, tax calculations and the tax characteristics of various business entities. Students can expect to be introduced to issues such as the basis of property and cost recovery, trust and estate taxation, property dispositions, miscellaneous taxes, passive activity losses, interest on deficiencies and refunds, at-risk rules and penalties. With regard to accounting, students will focus on accounting periods, accounting methods and the techniques of tax management.