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Unformatted text preview: T R O Y U N I V E R S I T Y M A S T E R S Y L L A B U S S O R R E L L C O L L E G E O F B U S I N E S S ACT 4494 Income Tax Accounting I Prerequisites: ACT 2292. Description 2008-2009 Catalog: Principals and dictates of individual capital and taxation of individual income. 2009-2010 Catalog: Analysis of the federal income tax laws and regulations for individual taxpayers. Primary emphasis is on the individual components of personal and business income and the allowable deductions. The taxation of gains and losses on property and capital-asset transactions will be introduced. Objectives After completing this course students should be able to: 1. Analyze the basic principles of individual income taxation 2. Calculate the tax consequences of personal and business income, deductions and losses 3. Analyze the sources of tax law 4. Prepare an individual income tax return Purpose This course is intended to help students acquire basic knowledge of income taxation for individuals. Additionally, students will be required to prepare individual income tax returns and individuals....
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- Spring '10