This course focuses on tax basics that apply toýall forms of business organizations. It stressesýthe importance of tax concepts within theýframework of financial reporting and emphasizesýdifferences between tax and financial accountingýtheory and electronic applications in the taxýarea. The course covers general concepts,ýunderlying policies, a comparison of tax rules toýGAAP, basic compliance obligations, the role ofýthe tax advisor and current tax issues. TheýInternal Revenue Code, comprehensive researchýmatters of tax law, the computer online serviceýresearch will be explored.