The Federal tax system and taxation of individuals and corporations. Topics include specific items of income and expense, differences between tax regulations and accounting principles, planning to reduce income taxes, and tax research methodology.

OWU Units: 1.00. Crosslisting(s): None. Prerequisite(s): C- or better in ACCT 250 . Corequisite(s): None. Antirequisite(s): None. Fee: None. Core Competency: None. Offered: Fall Semesters of odd years.