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Syllabus Information

 

Spring 2023
Jul 17,2024
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Information Use this page to maintain syllabus information, learning objectives, required materials, and technical requirements for the course.

Syllabus Information
BT 272 - Tax concepts & Preparation
Associated Term: Spring 2023
Learning Objectives: Upon successful completion of this course, the student will be able to:
1. Understand and competently articulate key terms and concepts
2. Research and find information pertinent to tax preparation and decision making
3. Properly calculate adjusted gross income, tax liabilities, depreciation amounts, capital gains and effective tax rates
4. Analyze and determine whether to use an itemized or standard deductions
5. Prepare individuals taxes including individual forms, schedule c (sole proprietor) and accompanying schedule for capital gains and depreciation amounts
6. Perform analysis to determine the after-tax consequences of various investment alternatives
7. Prepare simple corporate taxes on form 1120 with associated schedules
8. Identify common strategies for reducing an individuals effective tax rate
9. Discern between strategies of tax avoidance and tax evasion
10.Discuss the tax implications of starting and dissolving a business entity
11. Understand the implication of special allocations of various tax items due to specific partnership agreements
12. Account for a partner’s basis in a partnership
13. Be familiar with some of the common business credits
14. Be familiar with a start up companies’ tax elections and accounting for start up costs
15. Prepare basic form 1065 and schedules K-1 for partnerships
Required Materials:
Technical Requirements:


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