Course Description

This course provides broad training in federal income tax law and the regulations of the Department of Treasury as they pertain to the basic philosophy of taxation, determination of taxable income, allowable deductions, and gains and losses on sales and exchanges of property for the individual taxpayer. It also serves as an introduction to the federal taxation of partnerships and corporations. Emphasis is placed on the preparation of federal income tax returns and the ability to utilize varied references in dealing with tax accounting problems and tax planning.

Learner Outcomes

Upon successful completion of this course, students will be able to:

  • Discuss the U.S. federal income tax system and the role of government in business
  • Identify taxable income and allowable deductions
  • Prepare a basic federal income tax returns and resolve potential problems
  • Apply tax regulations to the preparation of federal income tax returns


Principles of Financial Accounting I/II or consent of instructor


Completion of the UCSB PaCE Professional Accounting Certification Program does not result in CPA licensure.  While courses in this program may count toward the educational requirements for individual states' boards of accountancy, completion of this program will not, in itself, fulfill the education, professional experience or examination requirements to qualify for CPA licensure. For more information about the requirements for the CPA Licensure, students should consult the State Board of Accountancy for the State or Jurisdiction in which they are interested in practicing. 

Applies Towards the Following Certificates

Not offered this quarter. Classes are offered according to the schedule on the respective Certificate or Program Page. Please click on the Request Information below to be promptly notified when enrollment opens.