Montgomery College 2019-2020 Catalog 
    
    Jul 08, 2020  
Montgomery College 2019-2020 Catalog [ARCHIVED CATALOG]

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ACCT 247 - Federal Income Taxation II


A critical examination, analysis, and application of the tax law for Subchapter C and S corporations, limited liability companies, partnerships, estates and trusts. Attention is given to taxation of gifts, exclusions, net operating losses, determination of shareholder and partner basis, consolidated entities, book and income tax reconciliation, owner contributions and distributions, and beneficiary share of income. Students also engage in both electronic research and return preparation practica. PREREQUISITE(S): ACCT 237 . Four hours each week. Formerly AC 214.

4 semester hours

Course Outcomes:
Upon course completion, a student will be able to:

  • Analyze, research, and apply basic federal tax law for corporations, partnerships, limited liability companies, estates and trusts.
  • Analyze and make decisions with basic tax planning and research issues
  • Prepare entity tax returns with the latest tax software
  • Master the entity tax knowledge necessary to be successful on the CPA Examination.


Click here for the Summer I 2020 Class Schedule

Click here for the Summer II 2020 Class Schedule

Click here for the Fall 2020 Class Schedule




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