ACCT 5500 - Advanced Taxation Topics

Goals: Students will gain firsthand experience in preparing property tax schedules and advanced topic tax returns. Upon completion of the course students will be able to compute a multi-state corporation’s state income tax liability because they will be able to explain the framework underlying taxation of cross-border transactions, and the interactions between IRS provisions and international tax treaties.

Content: This equally exciting course dives into the taxation of property transactions and advanced tax topics that are not typically covered in an individual or business entity tax class. It picks up where individual tax left off by delving into capital gains and losses, property basis and non-taxable property exchanges. The class then examines advanced tax topics including tax accounting periods and methods, multi-state corporate tax, taxation of international transactions, federal gift and estate tax, and income taxation of trusts and estates. After completing this course, the student will be eligible to do a paid internship doing tax preparation to meet the March 15th (corporations) or April 15th (partnerships, trusts and individuals) deadline.

Prerequisite: ACCT 3050, grade of C- or higher

Credits: 4