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Volunteer Income Tax Assistance
VITA
CLASS CODE: ACCTG 219 CREDITS:  2
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: ACCOUNTING
GENERAL EDUCATION: This course does not fulfill a General Education requirement.

DESCRIPTION: Learn basic tax law and then apply knowledge in a Volunteer Income Tax Assistance service center on campus. The first six weeks of the course will be spent learning the basic material for income tax preparation. Upon successful completion of the IRS exam, the remaining part of the course will involve tax return preparation. This class may be repeated for a maximum of four credits.
TAUGHT: Winter
CONTENT AND TOPICS:

  • Filing status and personal and dependency exemptions

  • Gross income and adjustments

  • Standard or itemized deductions

  • Credits and sale of stock

  • Tax computation

  • Idaho State returns

  • Electronic filing software and procedures

  • Lab service

GOALS AND OBJECTIVES: Provide sufficient training in order to allow the student to participate in basic tax return preparation offered through the Internal Revenue Service's Volunteer Income Tax Assistance program.
REQUIREMENTS: Passing score on IRS exam and lab service.
PREREQUISITES: ACCTG 180 or 201
OTHER: This course does not fulfill an accounting major requirement. However, the tax experience gained will aide in finding internship opportunities in public accounting.
EFFECTIVE DATE: August 1997