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National College Credit Recommendation Service
Genesis University (formerly Association for Hebraic Studies Institute) | Evaluated Learning Experience
Federal Income Tax Course (ACC 200)
also known as Basic Taxation (ACC 200)
Varies, distance learning or proficiency exam format
Instructional delivery format:
Upon successful completion of the course, students will be able to: define the concepts, principles, and rules of taxation of individuals and small businesses; prepare tax forms for individuals and sole proprietorships; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; address tax situations for all types of taxpayers, such as wage earners, salespersons, small business owners, professionals, investors, home and rental property owners, farmers, etc.
The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: general tax principles, exemptions, the tax computation, gross income exclusions and inclusions, gain or loss on the sale or exchange of property, capital gains and losses, business deductions, other allowable deductions;accelerated cost-recovery, depletion and amortization, business and casualty losses, bad debts, self-employment tax, estimated tax, and payroll taxes, income tax withholding, tax credits, special provisions, ethics and regulations governing the practice of tax practitioners.
In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).