Syllabus Information |
Spring 2025
Dec 04,2024 |
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 | Use this page to maintain syllabus information, learning objectives, required materials, and technical requirements for the course. |
| BT 272 - Tax concepts & Preparation |
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Associated Term:
Spring 2025
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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