ACCT 450 Federal Income Taxation II • 5 Cr.


Advanced approach to principles of federal taxation. The course specifically covers concepts and provisions of federal income taxation in relation to property transactions, partnerships, corporations, trusts and estates. Prerequisite: ACCT 285 and admission to BAS Accounting program.


After completing this class, students should be able to:

  • • Calculate taxes on capital gains and losses. • Outline and implement nontaxable exchanges. • Analyze the capital structure and operating rules of corporations. • Evaluate the taxation for earnings, profits and distributions. • Implement and assess the taxation and provisions for corporations, trusts and estates.