FUNDAMENTALS OF TAXATION

Prerequisites & course information

Requisites: ACCT I S 301 or concurrent enrollment or declared in undergraduate Business Exchange program Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Explain the most relevant types of taxes applicable at the federal level and how each is calculated. Audience: Undergraduate 2. Explain the key concepts in the federal income tax laws in the US United Staes for individuals. Audience: Undergraduate 3. Identify how tax principles are applicable to various business activities and transactions and the differences that apply to individuals and businesses. Audience: Undergraduate 4. Identify and evaluate planning opportunities from a variety of tax areas to which a professional is exposed in the early years of a career. Audience: Undergraduate 5. Apply a framework for integrating income tax planning into accounting and business decisions. Audience: Undergraduate 6. Recognize that developing effective tax planning strategies for clients requires effective research skills. Audience: Undergraduate 7. Apply primary sources of tax authority to evaluate the impact of tax law on a client situation and effectively communicate that analysis to the client. Audience: Undergraduate Learning Outcomes: 1. Explain the most relevant types of taxes applicable at the federal level and how each is calculated. Audience: Undergraduate 2. Explain the key concepts in the federal income tax laws in the US United Staes for individuals. Audience: Undergraduate 3. Identify how tax principles are applicable to various business activities and transactions and the differences that apply to individuals and businesses. Audience: Undergraduate 4. Identify and evaluate planning opportunities from a variety of tax areas to which a professional is exposed in the early years of a career. Audience: Undergraduate 5. Apply a framework for integrating income tax planning into accounting and business decisions. Audience: Undergraduate 6. Recognize that developing effective tax planning strategies for clients requires effective research skills. Audience: Undergraduate 7. Apply primary sources of tax authority to evaluate the impact of tax law on a client situation and effectively communicate that analysis to the client. Audience: Undergraduate