Jan 30, 2026  
2025-2026 Academic Catalog 
  
2025-2026 Academic Catalog
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ACCT 250 - Federal Income Taxes


3 Credit Hours

This course provides a summary of income taxes at the federal and state level as they affect business and personal investment decision-making. Emphasis is on income tax concepts and their effect on decision making, not form preparation. Topics covered include: types of taxes at various governmental jurisdictional levels; tax policy issues; fundamentals of tax planning; measuring taxable income; property acquisitions, cost recovery, and dispositions; non-taxable exchanges; taxes and the choice of a business entity; proprietorship taxation; partnership and Sub S taxation; corporate taxation; compensation and retirement planning; investment and personal financial planning; tax consequences of personal activities, and simple personal tax preparation.



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