May 31, 2026  
DRAFT 2027-2028 College Catalog 
    
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DRAFT 2027-2028 College Catalog [ARCHIVED CATALOG]

ACC 204 - Taxation of Individuals

3 Contact Hours, 3 Credits
3 lecture periods 0 lab periods


Individual income taxes with concentration at federal level. Includes history, assumptions and objectives of federal income tax law. Also includes determination of filing status, exemptions, inclusions, exclusions, adjustments, deductions, credits, tax liability, and reporting requirements; completion of tax returns, and tax planning; use of commercial tax-preparation software; determination of sole proprietorship income and taxes thereon.

Button linking to AZ Transfer course equivalency guide    button image Prior Learning and link to PLA webpage

Course Learning Outcomes
  1. Compute gross income.
  2. Compute various deductions and losses.
  3. Compute various tax credits.
  4. Apply special tax computations when needed.     
  5. Apply tax laws to property transactions.
  6. Prepare an individual’s tax return and related forms using professional software.
Outline:
  1. Federal Tax Law for Individuals
    1. Federal tax laws governing individuals
    2. Income sources and character
    3. Standard and itemized deduction
    4. Exemptions
    5. Other deductions and losses
    6. Other credits
  2. Individual tax preparation
    1. Gross income
    2. Business income and expenses