Individual Taxation and Ethics (Part 1) An in-depth analysis of the rules and regulations governing the preparation of individual income taxes. It includes: sources of income; allocation of income; adjustments and deductions; credits; and alternative minimum tax. Practice and procedures are discussed, including a complete discussion regarding the representation of a client before the Internal Revenue Service. Prerequisite: CFM 46 or equivalent tax preparation course or experience. Business Taxation (Part 2) This course includes an in-depth analysis of business and wealth transfer taxes. Topics include: the rules and regulations concerning the taxation of business entities, i.e., individual proprietorships, partnerships and corporations; and wealth transfer taxes on gifts, estates and trusts. The course also covers the qualifications and filing requirements of exempt organizations. Prerequisite: CFM 46 or equivalent tax preparation course or experience. May be taken before ENR100/1.
