AC420
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Advanced Federal Income Tax
Subject Code
AC
Number
420
Title
Advanced Federal Income Tax
Description
This course is designed to provide students with a solit understanding of the U.S. Federal Tax System as it relates to property transactions of business owners and shareholders. Topics include cost recovery; depreciation, amortization and depletion, realized versus recognized gains and losses, adjusted-basis considerations, non-taxable transactions; like-kind exchanges, involuntary conversions and sale of primary residence and the netting process for gains and losses. 3 Lecture hours. Prerequisite: AC 336. Offered: Spring
Course Typically Offered
-
3
Maximum Variable Credits
-
Repeatable
-
Number of Course Repeats When Repeatable
0
Max Credits Repeatable
-
Department or School
College
College of Professional Schools