Catalogue 2016 - 2017

AC 623 Advanced Topics in Individual Tax


3 cr.


AC 413 or its equivalent.

Course Description

This course provides an advanced study of the federal income taxation of individuals and unincorporated businesses.  Key outcomes include the ability to understand selected topics which may include:  alternative minimum tax on individuals, deferred compensation, depreciation recapture, intangible drilling costs, international taxation, net operating losses, passive activity losses, property transactions, tax accounting periods and methods, tax penalties, tax practice and procedure, and new developments.  Significant attention will be given to tax research and writing on selected course topics.