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Accounting (ACC)
Business


The following course information is effective for the Fall 2009 term.

Subj CatNoCourse TitleUnits   
ACC 212Federal Tax Accounting I3 units  

Federal Tax Accounting I involves the practical study of Federal Tax Law as related to the individual and sole proprietorship. Topics covered include history of Federal Income Tax, Personal and Dependency Exemptions, Cash and Accrual Methods, Gross Income inclusions and exclusions, Depreciation Methods, Property Transactions, Realization and Recognition of Gain or Loss, Deductions for and from Adjusted Gross Income (AGI), Itemized Deductions, Passive Activity rules and Tax Credits.

Prerequisite: ACC 113 or ACC 121

Schedule: ACC 212 is offered in the Fall 2009 term.
Check the Class Schedule for availability and details.

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College of Lake County, 19351 West Washington Street, Grayslake, IL 60030-1198    (847) 543-2000