Syllabus Sections
Publish Date
08/14/2011 18:29:57
Federal Income Tax: Individual
ACNT-1331
Fall 2011
08/22/2011 - 12/11/2011
Course Information
Section 001
Distance Learning
ONL RRC
Tracie Miller
Section 002
Lecture
Th 19:05 - 21:55
RRC3 3229.00
Tracie Miller
Section 003
Distance Learning
ONL RRC
Tracie Miller
Office Hours
-
M W
9:30 AM - 10:30 AM
2232.20
-
M
12:00 PM - 4:00 PM
2232.20
-
W
1:00 PM - 4:00 PM
2232.20
-
Th
3:00 PM - 7:00 PM
2232.20
Or by appointment
Course Subjects
Course Description: This course include basic instruction in the tax laws as currently implemented by the Internal Revenue Service, providing a working knowledge of preparing taxes for individuals. Emphasis on federal income tax law; individual income, exclusions, deductions, credits, gains, etc.; and incorporating these concepts into individual tax filing requirements.
Student Learning Outcomes/Learning Objectives
Course Objectives:
- Identify the determinants of taxable income and the statutory exclusions that are permitted,
- Become familiar with the deduction component of the basic tax model,
- Learn various other components that relate to the theme of tax liability determination,
- Understand the purposes of the Federal tax law and the legislative, administrative, and judicial sources of Federal tax law, and
- Research and report on assigned tax questions.
Readings
Required Textbook/Materials:
South-western Federal Taxation 2012: Comprehensive(with Aplia Homework Access, H&R Block @ Home Tax Preparation Software, RIA Checkpoint 12-month Printed Acces Card for 2012 Tax Titles, CPA Excel), 35th Edition. Hoffman/Maloney/Raabe/Young. Approximate price: $250; ISBN: 9781133160571
Optional Textbook/Materials:
- South-western Federal Taxation 2012: Comprehensive Study Guide; Hoffman, Smith, Willis; South-Western Federal Taxation I recommend the study guide if you will use it. It's a great tool for reviewing the material in the chapters.
- I suggest that you purchase a CPA Review book for the Regulation section of the CPA Exam. This will help with preparing for the exams. Some examples are Gleim CPA Review Regulation 2012, Wiley CPA Exam Review Regulation 2012.
Course Requirements
Your grade will be based on the following:
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Exams (3) |
75 % |
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Quizzes (4) |
15 % |
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Homework |
5 % |
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Tax Returns (2) |
5 % |
GRADING SCALE: 90% - 100% A
80% - 89% B
70% - 79% C
60% - 69% D
Below 60% F
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TOPIC |
* Homework |
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Orientation |
Blackboard: Orientation Quiz Aplia: Aplia Orientation |
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Chapter 1: An Introduction to Taxation and Understanding the Federal Tax Law |
Aplia: Chapter 1 Practice Aplia: Chapter 1 Graded |
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Chapter 2: Working with the Tax Law |
Aplia: Chapter 2 Practice Aplia: Chapter 2 Graded Quiz: Chpt 1 – 2 |
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Chapter 3: Tax Formula and Tax Determination; An Overview of Property Transactions |
Aplia: Chapter 3 Practice Aplia: Chapter 3 Graded Blackboard: RIA Scavenger Hunt |
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Chapter 4: Gross Income: Concepts and Inclusions |
Aplia: Chapter 4 Practice Aplia: Chapter 4 Graded Blackboard: Research Problem |
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Chapter 5: Gross Income: Exclusions |
Aplia: Chapter 5 Practice Aplia: Chapter 5 Graded
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Chapter 6: Deductions and Losses: In General |
Aplia: Chapter 6 Practice Aplia: Chapter 6 Graded Quiz: Chpt 3, 4, 5, and 6 |
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Exam 1: Chpt 3, 4, 5, and 6 |
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Chapter 7: Deductions and Losses: Certain Business Expenses and Losses |
Aplia: Chapter 7 Practice Aplia: Chapter 7 Graded Blackboard: Tax Return 1 |
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Chapter 8: Depreciation, Cost Recovery, Amortization, and Depletion |
Aplia: Chapter 8 Practice Aplia: Chapter 8 Graded |
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Chapter 9: Deductions: Employee and Self-employed-related Expenses |
Aplia: Chapter 9 Practice Aplia: Chapter 9 Graded |
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Chapter 10: Deductions and Losses: Certain Itemized Deductions |
Aplia: Chapter 10 Practice Aplia: Chapter 10 Graded |
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Exam 2: Chpt 7, 8, 9, and 10 |
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Chapter 11: Investor Losses |
Aplia: Chapter 11 Practice Aplia: Chapter 11 Graded Blackboard: Research Problem |
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Chapter 12: Tax Credits and Payments |
Aplia: Chapter 12 Practice Aplia: Chapter 12 Graded |
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Chapter 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges |
Aplia: Chapter 13 Practice Aplia: Chapter 13 Graded Blackboard: Tax Return 2 |
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Chapter 14: Property Transactions: Capital Gains and Losses, Section 1231 and Recapture Provisions |
Aplia: Chapter 16 Practice Aplia: Chapter 16 Graded Quiz: Chpt 11, 12, 13, and 14 |
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Exam 3: Chpt 11, 12, 13, and 14 |
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* Instructions for each type of assignment:
Aplia – Homework will be completed and submitted in Aplia.
Practice: Practice assignments are not required. However, by completing the practice assignments you will be better prepared to complete the graded assignment.
Graded: Graded assignments are required and will part of your final course grade.
Blackboard– Homework will be completed and submitted in Blackboard. Homework must be submitted in any of the following formats: .doc, .docx, .rtf, or .pdf. Homework submitted in any other format will not be graded.
Quiz– Quizzes will be completed in Blackboard. Quizzes are not timed. You may use your book and notes. You may save and exit quiz as many times as needed up until due date.
Exam – Exams will be taken in testing center. No book and notes allowed. More information about the exams is provided in the blackboard site.