Accounting-Business Tax

This course is associated with the following programs:

• Accounting - Associate Degree

1. Describe, in general, the federal income tax issues that apply to recognition of business income.
2. Describe, in general, the federal income tax issues that apply to business deductions.
3. Determine federal tax basis of assets
4. Apply federal income tax rules to compute regular and AMT depreciation
5. Determine federal income tax consequences on the disposition of business property.
6. Contrast the federal income tax advantages and disadvantages of ownership in various business entities
7. Apply appropriate income tax law in the formation, operation and dissolution of a Limited Liability Company
8. Apply appropriate income tax law in the formation, operation and dissolution of a Partnership
9. Apply appropriate income tax law in the formation, operation and dissolution of a Corporation