ACCT2016 — Taxation II
Academic Discipline: Accounting Assistant Dean: Brooke Miller, M.B.A. 3 Credit(s) This course is a continuation of Taxation I. Special emphasis is placed on taxation of corporate entities, partnerships, and sub-chapter S corporations. Other specific topics will include state and local income taxes and wealth planning. 3 Lecture Hour(s); Required Differentiate between the primary forms of business organizations: sole proprietorships,partnerships and corporations. Weekly Homework and Exams – First half of the term. 2. Prepare Form 1065, Form 1120, Form 1120s, Schedule K-1 and related schedules. Manually prepared and computer generated tax returns – Throughout entire semester. 3. Evaluate the requirements for corporate taxation, including the unique requirements for formation, operation, liquidation and distribution. Tax Returns, Weekly Homework and Exams/Projects - First half of the term 4. Evaluate the requirements for partnership taxation including the unique requirements for formation, operation, liquidation and distribution. Tax Returns, Weekly Homework and Exams/Projects - Second half of the term. 5. Evaluate the requirements for Sub Chapter S corporations including the designation and the unique tax requirements. Tax Returns, Weekly Homework and Exams/Projects - Second half of the term. 6. Analyze state and local taxation requirements. Tax Returns, Weekly Homework and Exams/Projects - Second half of the term. 7. Explain the ways to transfer tax and to preserve wealth th
Prerequisites: ACCT2012