ACCT 285 Federal Income Taxes I • 5 Cr.


Introduces the concepts and procedures for preparing personal federal income tax returns. Prerequisite: ACCT 102 or or ACCT& 202 with a C or better, or entry code.


After completing this class, students should be able to:

  • Describe and apply the types of taxes imposed at the federal, state, and local levels.
  • Apply the federal tax rules for personal and dependency exemptions.
  • Analyze and discuss the concepts of gross income.
  • Discuss and apply tax planning opportunities for maximizing deductions.
  • Identify, analyze and explain deductions from income related to employee and self-employed expenses.
  • Analyze property transactions to determine gains or losses, basis for consideration, and nontaxable exchanges.
  • Use technology and information resources to research issues in individual federal taxation.
  • Create a federal tax return for individuals using Schedules C and D.
  • Discuss the use and application of ethics in federal tax reporting.