BUS 257 - Income Tax Preparation II

4.00 credits

Elements of taxation continued. Covers preparation of Federal and Oregon tax returns: businesses (Schedule C), farms (Schedule F), self-employment tax, basis of assets and depreciation, sales and exchange of capital assets, supplemental gains and losses, Oregon part-year and non-resident filings, tax credits, other taxes and payments, and Tax Practitioner Oregon Law. Meets the second-half of the statutory educational requirements for those wishing to be licensed income tax preparers in Oregon. Prerequisite: BUS 256 with “C” or better. F Prerequisite: BUS 256 with C or better.