A study of the history of taxation, the formation and application of federal tax law, and the basic methods and procedures of tax research. The course emphasizes the individual income tax including taxation relating to capital transactions, but also introduces the student to the taxes applicable to other entities. Contemporary methods of tax preparation and filing are also significant components of this course. Prerequisites for College of Business majors and minors: Admission to the College of Business, ACCT 212 - Managerial Accounting Principles and ECON 202 - Principles of Macroeconomics. Prerequisites for non-College of Business majors and minors: Junior standing and instructor’s permission. Grade only. Offered annually (usually fall semester).