ACCT 5050 - Business Entity Taxation

Goals: Students will learn why the type of business formation selected is driven by the Internal Revenue tax code, and to demonstrate the differences in tax rules between a sole proprietorship, corporation, partnership and nonprofit entities.

Content: This exciting tax course is the key that unlocks the mystique behind business taxation. It picks up where individual tax left off by delving into corporations, partnerships and nonprofit entities. The student will gain firsthand experience by way of preparing fictitious business returns. After completing this course, the student will be eligible to do a paid internship in tax preparation to meet the April 15th deadline.

Prerequisite: ACCT 3050, grade C- or higher

Credits: 4