Jul 17, 2018  
**DRAFT** Undergraduate/Graduate Catalog 2018-2019 **DRAFT** 
**DRAFT** Undergraduate/Graduate Catalog 2018-2019 **DRAFT**

ACFI 466 - Federal Taxation

(3 credits)
Prerequisite: ACFI 340 completed with a minimum grade of “C-“
This course provides a background in Federal Income Tax Law and the regulations of the Treasury Department. Primarily, it deals with the basic philosophy of taxation, taxable income, allowable deductions and gains and losses in sales and exchanges of property for the individual taxpayer. The development of the ability to utilize various references in dealing with tax problems will be emphasized. Tax planning will be discussed. Offered fall semester.