2021 - 2022 Undergraduate Bulletin


Course Description

ACT 321 Federal Income Taxation 4 cr.

  • Offered: Fall, Winter
  • Prerequisite: ACT 240.

Basics of individual federal income taxation. Major topics include basic tax model, gross income, deductions, alternative minimum tax, property, nontaxable exchanges, capital gains/losses, depreciation and deferred compensation. Policy and historical developments are studied to aid comprehension of current law.