ACCT213W
3
3
Federal Taxes is a course that introduces students to federal income taxation for individuals and businesses, teaching students how to apply the principles of accounting and financial reporting. Students study current regulations, tax laws, and administrative guidance to assess tax liability and compliance requirements. Through problem solving and practical application, students learn about credits, deductions, depreciation, adjustments to income, income inclusions and exclusions, and capital gains and losses. The course also introduces taxation of
business entities and emphasizes tax planning, ethical considerations, and the role of taxation in financial decision making. (Pre-requisite: ACCT114W)