ACCT 211 - Principles of Taxation 2

Number of Credits: 3
Apply federal tax code to corporations and partnership organizations, including exempt entities. Analyze multistate taxation issues and taxation of international transactions. Determine federal gift and estate taxes. Compute taxation of trusts and estates. Prerequisite: ACCT-210. (Spring Term Only) Three hours lecture each week. Three Credits. Three billable hours.

Pre-requisite(s): ACCT 210.
Course Objectives: Upon successful completion of this course, students will be able to:
1. Compute the regular income tax liability of corporations, including identifying proper accounting periods and methods.(PG 5)
2. Explain corporate distributions. (PG 3)
3. Describe fundamental concepts of partnership taxation. (PG 5)
4. Analyze S Corporation taxation. (PG 3)
5. Compare various types of tax-exempt organizations.
6. Identify multi-state corporate tax issues. (PG 1)
7. Recognize issues in taxation of international transactions.
8. Determine federal gift and estate tax rules.
9. Assess the income taxation of trusts and estates.