(3)SP. This course emphasizes an in-depth development of select topics introduced in the earlier courses and evaluates recent tax legislation and court decisions. It also develops skills in research using primary sources including the Internal Revenue Code and the Regulations. Finally, it emphasizes analysis and evaluation as the basis for tax planning. This course builds on the knowledge base from introductory taxation and business law courses. Prerequisites: ACCT 306, ACCT 307, and BUS 350 or equivalent, and admission to the MAcc program.