ACTG 428 - Federal Taxation II

Prerequisites/Corequisites: Take ACTG-328; Minimum grade C. (Required, Previous).
Credit Hours: Min: 3; Max:

Description: Generally emphasizes the study of business income taxation. More specifically, it focuses on the application of federal law within the context of the income taxation of (a) regular "C" corporations and their shareholders, (b) "S" corporations and their shareholders and (c) partnerships and their partners. Topics include the income tax consequences of the formation, operation, consolidation, and termination of business entities.