ACCT 450 Federal Income Taxation II • 5 Cr.


Advanced approach to principles of federal taxation. The course specifically covers concepts and provisions of federal income taxation in relation to property transactions, partnerships, corporations, trusts and estates. Prerequisite: ACCT 285 and admission to BAS Accounting program.


After completing this class, students should be able to:

  • • Calculate taxes on capital gains and losses.
  • • Outline and implement nontaxable exchanges.
  • • Analyze the capital structure and operating rules of corporations.
  • • Evaluate the taxation for earnings, profits and distributions.
  • • Implement and assess the taxation and provisions for corporations, trusts and estates.