ACCT 316 - Federal Taxation II

3 Credits
This course continues the study of federal taxation, focusing primarily on business taxation matters for partnerships, corporations, and limited liability companies. In addition, payroll taxes, estate and gift taxes, and other related topics will be covered. Students will be required to prepare partnership and corporation returns, as well as to perform research on a variety of tax issues.

Prerequisite(s): ACCT 315 with C grade or above
Course Learning Outcomes:
1. Assess tax planning strategies for businesses.
2. Research tax issues using tax research service software.
3. Evaluate tax issues that may require additional tax research and analysis.
4. Prepare tax returns for partnerships, corporations, and S corporations.
5. Explain the tax law as it pertains to partnerships, corporations, and limited liability companies.