Federal Income Taxation
MGMT X 127
This course explores individual income taxation issues, including tax determination, exemptions, gross income, general and itemized deductions, and all expenses, gains, and losses.
What you can learn.
- Learn skills to determine personal and dependent exemptions
- Understand concepts and inclusions of gross income, general deductions and losses
- Learn more about business expenses and losses, property tax gains and losses, nontaxable exchanges, and capital gains and losses
About this course:This course explores individual income taxation issues, including tax determination; personal and dependents exemptions; concepts and inclusions of gross income; general deductions and losses; deduction of certain business expenses and losses; depreciation, cost recovery amortization, and depletion; deduction of employee expenses; itemized deductions and losses; passive activity losses; property transaction gains and losses; nontaxable exchanges; and capital gains and losses. Transferable for UC credit.
MGMT X 1A and MGMT X 1B Principles of Financial Accounting or consent of instructor.