91福利社

Advanced Tax Accounting — ACCT 2500

1. Course Description
   • Credits: 4.00
   • Lecture Hours/Week: 4.00
   • Lab Hours/Week: 0.00
   • OJT Hours/Week: 0
   • Prerequisites: None
   • Corequisites: None
   • MnTC Goals: None
   Introduces the competencies required for entry-level professional tax preparation. Students develop knowledge of professional standards, regulatory compliance, client intake procedures, and preparation of individual federal income tax returns ranging from basic to moderately complex. Emphasis is placed on accurate classification of income, adjustments to gross income, and structured preparation of individual returns.
2. Course Effective Dates: 4/15/26 – Present
3. Outline of Major Content Areas
   1. Additional income classification and analysis
   2. Advanced returns, deductions and credits
   3. Compliance and intake protocols
   4. Foundational return procedures
   5. Professional standards framework
   6. Review and amendments
   7. Self- employed business taxes
   8. Specialized form compliance
4. Learning Outcomes
   1. Define the responsibilities of a professional tax preparer.
   2. Demonstrate how to gather client information and maintain compliance.
   3. Interpret IRS guidelines for specialized forms and compliance.
   4. Analyze complex income scenarios, including investments and multiple income streams.
   5. Apply advanced procedures to construct tax returns for individuals and self-employed taxpayers.
   6. Apply procedures for reviewing and amending tax returns for accuracy.
5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
   
6. Learner Outcomes Assessment
   As noted on course syllabus
7. Special Information
   None noted