Course Description
10-101-152 ACCOUNTING-BUSINESS TAX ...learners will be introduced to federal tax laws as they apply to business entities and will prepare business income tax returns. (Prerequisite: 10-101-154, Accounting-Personal Tax)
Course Typically Offered
Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.
What will I learn?
- Describe, in general, the federal income tax issues that apply to recognition of business income.
- Describe, in general, the federal income tax issues that apply to business deductions.
- Determine federal tax basis of assets
- Apply federal income tax rules to compute regular and AMT depreciation
- Determine federal income tax consequences on the disposition of business property.
- Contrast the federal income tax advantages and disadvantages of ownership in various business entities
- Apply appropriate income tax law in the formation, operation and dissolution of a Limited Liability Company
- Apply appropriate income tax law in the formation, operation and dissolution of a Partnership
- Apply appropriate income tax law in the formation, operation and dissolution of a Corporation
Class list
3 classes found
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Class Number: ACCOUNT 10101152-1 - Accounting-Business Tax
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Class Number: ACCOUNT 10101152-2 - Accounting-Business Tax
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Class Number: 10101152_2255_51119_01