Accounting-Business Tax

Class Number: ACCOUNT 10101152-2 - Accounting-Business Tax
Offering Status: Open
Academic Level: Post_Secondary
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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

  • Fall
  • Spring

Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.

What will I learn?

  1. Contrast the federal income tax advantages and disadvantages of ownership in various business entities
  2. Describe, in general, the federal income tax issues that apply to recognition of business income and business deductions.
  3. Determine federal tax basis of assets and apply federal income tax rules to compute IRS approved depreciation.
  4. Determine federal income tax consequences on the disposition of business property.
  5. Apply appropriate income tax law in the formation and preparation of a Sole Proprietor business tax return using Form 1040, Schedule C.
  6. Apply appropriate income tax law in the formation and preparation of a Partnership tax return using Form 1065.
  7. Apply appropriate income tax law in the formation and preparation of an S Corporation tax return using Form 1120S.
  8. Apply appropriate income tax law in the formation and preparation of a C Corporation tax return using Form 1120.

Class Details

Class Number:
ACCOUNT 10101152-2 - Accounting-Business Tax
Date:
-
Delivery:
Online Live
Term:
2026 Fall Session 2

Class Notes

Class Format:

·         Combination of online-live and online instruction.

·         Attend live virtual sessions at scheduled times.

·         Access remaining instruction online anytime.

·         For more info, visit Online Live Classes.

Meetings Times

Dates Day(s) / Time Location
10/21/2026 - 12/18/2026 Online
12:00 AM - 12:00 AM
10/21/2026 - 12/18/2026 Online Live Wednesday
5:30 PM - 7:20 PM
Estimated Cost:
$348.00

Cost shown is based on Wisconsin residency. Additional fees may apply. View tuition and fees.