ACC 725 - Taxation of Estates, Gifts and Trusts

(3 Credits)

This course is a study of the income taxation of estates and trusts, including grantor trusts, with emphasis on the integration of estate, gift, and income taxes. Problems involved in estate planning and administration along with gift transfers of property rights are also covered. Preparation of Form 1041, returns for estates and trusts and calculation of gross estate, taxable estate, taxable gifts and gift tax.

Prerequisite(s): ACC 650 & ACC 660