ACC 415 - Tax Accounting II (3)

Prerequisites: ACC 232 and ACC 315 , each with a C- or higher, or permission.

This course provides basic instruction in tax laws used in preparing taxes for partnerships, “C” corporations, “Subchapter “S” corporations and limited liability companies (LLC). Upon completion of this course, students will be able to:

Identify the fundamental differences in tax characteristics across entity types
Explain the tax advantages and disadvantages across entity types.
Compute taxable income under various entity types
Analyze various tax situations and recognize the income tax ramifications