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AC 309 Individual Income Tax
Lang, Charles M.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.
CourseAC 309 Individual Income Tax BE
SemesterF2A2005
FacultyLang, Charles M.
TitleAdjunct Instructor
Degrees/CertificatesMBA, University of Texas at Austin
B.A.  Antioch College
Office LocationAustn Center, Park University Extension Service
Office HoursT.B.A.
Daytime Phone(512) 220-5245
E-Mailcharles.lang@pirate.park.edu
chasmlang@hotmail.com
Web Pagehttp://TBA
Semester Dates10/24/2005-12/18/2005
Class Days-M-W---
Class Time8:00 - 10:40 PM
PerquisitesAC202 04 equivalent
Credit Hours3

Textbook:
Pope, T., et al. (2006)Prentice Hall's Federal Taxation 2006:Principles. New Jersey: Pearson Prentice Hall.  ISBN 0-13-185922-6.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Website for research:

http://www.irs.gov

Course Description:
A study of the current Federal Income Tax law with emphasis on its application to individuals as part of a cooperative effort with the Internal Revenue Service. Pre-requisites: AC201 and CS140. 3:0:3

Educational Philosophy:
The instructor believes that every course a student takes should be building and adding to that student's intellectual framework.  In each course the focus should be on enhancing that framework.  The question should constantly be posed as to how the student will be albe to apply what he is learning to his evryday work and how the material covered furthers the student's understanding of his profession and the world in general.

Learning Outcomes:

The student will develop a clear, concise conceptual overview of the federal income tax system and understand how income is calculated and which forms are used to take various deductions to reduce one's tax liability.  The student should also be able to recognize tax issues that arise in different personal and business situations and know sources to go t become aware of options that might be available under the tax law to reduce potential tax liability. In addition the student should be able to calculate and report cost recovery deductions and to determine additional taxes for which an individual might be liable--including alternative minimum tax and self-employment tax.

Course Assessment:
The student will be assessed on the basis of two quizes, a final exam, a written book report of 5 to 8 pages and an oral presentation of that report before the class.  The student will also be assessed on timely turning in of homework and participation in class discussion. These factors will be weighed as follows:
Quiz #1                  15%
Quiz #2                  15%
Quiz #3                  40%
Homework/discussion      15%
Report/presentation      15%
Total                   100%

Grading:
90-100         A
80- 89         B
70- 79         C  
60- 69         D
less than 59   F

Late Submission of Course Materials:
Every effort should be made to turn in assignments as per the course schedule.  However. when circumstances warrant, work might be accepted late, but may be graded down due to tardiness.

Classroom Rules of Conduct:
Students are expected to participate in classroom discussions. Students are also expected to be attentive and respectful of another student's right to be heard, just as they would expect others to be attentive and respectful of their own right to be heard.  Since an import goal to be accomplished in each class is to cover the relevant material, disruptive behavior will not be tolerated and may be sanctioned.

Course Topic/Dates/Assignments:
First Week:

Monday:
Classroom discussion:  Introductory class and intro to the subject of taxation.

Wednesday:
Reading assignment: Chapter 1-Introduction to Taxation
Homework: 2,5,10,12,15,16,28,29 and 32.
Classroom discussion: 34,35,39 and 40.

Second Week:

Monday:
Readng assignment: Chapter 2-Determination of Tax
Homework: 1,3,4,7,12,14,15,18,24 and 25.
Classroom discussion: 26,31,41,42 and 43.

Wednesday:
Reading assignment: Chapter 3-Gross Income:Inclusions
Homework: 4,8,9,11,12,23,28 and 29.
Classroom discussion: 34,35,38,41,47,57 and 58.
Decision on book report titles due.

Third Week:

Monday:
Reading assignment: Chapter 4-Gross Income:Exclusions
Homework: 3,4,6,10,16,19 and 27.
Classroom discussion: 33,34,42,46,47 and 56

Wednesday:
Reading assignment: Chapter 5-Property Transactions
Homework: 2,3,4,5,14,15 and 26.
Classroom discussion: 31,34,54,55 and 56.

Fourth Week:

Monday:
Reading assignment: Chapter 6-Deductions and Losses
Homework: 1,4,6,9,13,20,23,24 and 26.
Classroom discussion: 32,36,43,53,56 and 58.
Additional: Review for Quiz #1 (Chapters 1-5)

Wednesday:
Reading assignment: Chapter 7-Itemized Deductions
Homework: 1,2,3,4,7,12,16,22,26 and 27.
Classroom discussion: 38,42,45,46,47 and 57.
Quiz #1  (Chapters 1-5)

Fifth Week:

Monday:
Reading assignment: Chapter 8-Losses and Bad Debts
Homework: 2,3,5,8,14,17,18,22 and 26.
Classroom discussion:39,42,48 and 54.

Wednesday:
Reading assignment: Chapter 9-Employee Expebnses and Comp.
Homework: 1,3,5,10,13,17,39 and 42.
Classroom discussion: 52,53,57,58, 65 and 66.

Sixth Week:

Monday:
Reading assignment: Chapter 10-Deprec'n, Depl'n and Amort.
Homework: 1,8,9,16 and 19.
Classroom discussion: 25,26,27,31 and 34.
Additional: Review for Quiz #2 (Chapters 6-9)
           Reports due.

Wednesday:
Reading assigment: Chapter 11-Accouting Periods and Meth.
Homework: 1,8,11,24 and 39.
Classroom discussion: 47,48 and 49.
Quiz #2 (Chapters 6-9)

Seventh Week:

Monday:
Reading assignments: Chapters 12 & 13-Property Transact'n
Homework: 12-1,12-6,12-8,12-11,12-14,12-22,13-1,13-5,13-11,13-13,13-16,13-17,13-18 and 1319.
Classroom discussion: 12-32,12-34,12-35,12-47,12-50, 13-33,13-37,13-44,13-47 and 13-49.

Wednesday:
Reading assignment: Chapter 14-Special Tax...Methods
Homework: 6,8,10 and 11.
Classroom discussion: 43,44,50 and 57.
Additional: Review for final (Mainly over Chapters 10-13, but may draw upon earlier chapters.)

Eighth Week:

Monday: Final Exam

Wednesday: Presentation of reports.









Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:

Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:
http://www.park.edu/disability
 
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