Individual Income Taxation
Federal income tax law and the Treasury Department’s own regulations weave a complex tapestry of legal requirements that can be complex for new and aspiring accountants to understand. Through online lectures and instructor-led Q&A sessions, you will learn the basic philosophy of taxation, determination of taxable income, allowable deductions and gains and losses on sales and exchanges of property for the individual taxpayer. Emphasis is placed on preparation of federal income tax returns and learning to utilize varied references to deal with tax accounting problems and tax planning. By the end of this course, students will have a fundamental understanding of modern accounting practices and federal income taxation.
Learning Outcomes
- Apply the fundamentals of federal income taxation
- Have a fundamental understanding of the basic philosophy of taxation
- Identify taxable income
- Estimate allowable deductions and prepare a moderately complicated personal income tax return
Skills You Will Gain
- Federal income taxation
- Tax determination
- Deductions
- Tax form preparation
Association Credits
Section Notes
This course is a paced-asynchronous course, which means that all students will be proceeding through the course at the same time. The course consists of online materials, reading assignments, written assignments and discussion forums. The lessons open on a weekly basis throughout the duration of the class. The time it takes you to complete each lesson depends on your individual approach and learning style, but in a given week, students can generally expect to spend approximately:
- 5-6 hours in online lectures and discussion forums
- 5-6 hours of work outside of class on readings and assignments
Students can enroll through September 21, 2025. The course begins on September 15, 2015 and must be completed by December 7, 2025. Refund deadline: September 29, 2025.
Access to your course in Canvas will be available one business day before the course’s start date.
If you anticipate needing any Disability Accommodations, please contact our Student Services representative PRIOR to enrolling in this course. The accommodations must be organized before starting the program. Please contact Tina Ehrke at (530) 757-8727 if you would like to register for a course and you have disability-related needs or concerns. https://cpe.ucdavis.edu/student-services/disabilities
Enrollment Policies
Drop requests (withdraw with a refund) will be approved, less a $30 processing fee, if the request is received by September 29, 2025. Refunds and/or enrollment transfers will not be approved after this date. Click here (https://cpe.ucdavis.edu/student-services/withdrawals-refunds-transfers) to view complete enrollment policy information including details on withdrawals and transfers.
Students have the first week of class to enroll with the understanding that students who enroll after the first day of class are expected to reach out to their instructors to make sure they receive all content and are on track with the course.
Prerequisites
Principles of Financial Accounting