Outcomes
In order to successfully complete this course, the student will:
1. Describe the social and economic goals of the Federal Tax Laws.
2. Apply the following sections of the Federal Tax Laws to individual income tax returns:
2a. Filing Status
2b. Personal and dependency exemptions
2c. Standard or itemized deductions
2d. Gross income and exclusions
2e. Business expenses and retirement plans
2f. Self-employed and employee expenses
2g. Itemized deductions and other incentives
2h. Credits and special taxes
2i. Accounting periods and methods
2j. Depreciation
2k. Capital gains and losses
2l. Withholding, estimated payments, and payroll taxes
3. Explore Federal Tax Administration and Tax Planning