Course Description
10-101-152 ACCOUNTING-BUSINESS TAX ...learners will be introduced to federal tax laws as they apply to business entities and will prepare business income tax returns. (Prerequisite: 10-101-154, Accounting-Personal Tax)
Course Typically Offered
Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.
What will I learn?
- Contrast the federal income tax advantages and disadvantages of ownership in various business entities
- Describe, in general, the federal income tax issues that apply to recognition of business income and business deductions.
- Determine federal tax basis of assets and apply federal income tax rules to compute IRS approved depreciation.
- Determine federal income tax consequences on the disposition of business property.
- Apply appropriate income tax law in the formation and preparation of a Sole Proprietor business tax return using Form 1040, Schedule C.
- Apply appropriate income tax law in the formation and preparation of a Partnership tax return using Form 1065.
- Apply appropriate income tax law in the formation and preparation of an S Corporation tax return using Form 1120S.
- Apply appropriate income tax law in the formation and preparation of a C Corporation tax return using Form 1120.
Class list
3 classes found
-
Class Number: ACCOUNT 10101152-1 - Accounting-Business Tax
- Location:
- NWTC Green Bay
- Date:
- -
- Delivery:
- Blended-less than 50% online
- Term:
- 2027 Spring Session 1
Blended-less than 50% online-$348.00 -
Class Number: ACCOUNT 10101152-2 - Accounting-Business Tax
-
Class Number: ACCOUNT 10101152-2 - Accounting-Business Tax