2022 - 2023 Undergraduate Bulletin
ACT 321 Federal Income Taxation 4 cr.  (4-0-0)
  • Offered: Fall Winter
  • Prerequisites: ACT 240 with a grade of ā€œCā€ or better and CIS 222 and EN 211 or equivalency.
  • Bulletin Year: 2022 - 2023 Undergraduate Bulletin

Basics of individual federal income taxation. Major topics include basic tax model, gross income, deductions, alternative minimum tax, property, nontaxable exchanges, capital gains/losses, depreciation and deferred compensation. Policy and historical developments are studied to aid comprehension of current law.