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AC 309 Individual Income Tax
Tallman, Marcia R.


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.

Course

AC 309 Individual Income Tax

Semester

S2FF 2006 FA

Faculty

Tallman, Marcia R.

Title

Senior Instructor

Degrees/Certificates

Masters Organizational Leadership -
Gonzaga University
Undergraduate - Business Administration

Office Location

Fair Child Air Force Base - Spokane, WA

Office Hours

7:00AM to 7:00PM

Daytime Phone

(509) 299- 5102

Other Phone

(509) 244 - 2020 Park

E-Mail

Marcia.tallman@pirate.park.edu

becky.tallman@starband.net

Semester Dates

March 13th to May 7th, 2006

Class Days

----R--

Class Time

5:00 - 10:00 PM

Prerequisites

None

Credit Hours

3


Textbook:
COURSE TEXTBOOK: Hoffman/Smith/Willis (2006) Individual Income Taxes. Thomson. ISBN 0-324-30474-9

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

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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.

Educational Philosophy:
To foster a learning environment that enables the learner to realize his/her greatest potential. Specifically, this class teaches the learner to think critically; to communicate clearly; and to take ownership for his/her learning. The facilitator uses participatory group activities, lectures, quizzes, tax returns, individual text book exercises. Assigned homework is expected to be completed and submitted in a timely fashion.

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare Federal, state and city individual income tax returns.
  2. Calculate and report cost recovery deductions.
  3. Use computer software for tax planning and tax returns.
  4. Prepare business income tax returns for sole proprietors.
  5. Complete Wage Earners Statements (Federal Form W-2s).
  6. Calculate and complete appropriate taxes for self-employed individuals.


  Instructor Learning Outcomes
  1. See Learning Objectives in the assigned textbook for chapters 1-12.
Core Assessment:

Class Assessment:
The course assessment will include one comprehensive final exam, seven quizzes, Eight Tax exercises; & Six Homework problems.
           Exam: The comprehensive exam will be given the last day of the course. Material from the class discussions, in-class problems / exercise, homework problem, and tax return problems will be covered in the exams.
Quizzes: At the beginning of each session a quiz will be given to review the prior session's material.
Tax Exercises:  Tax Problem examples and self-study problems are used to reinforce the chapter material being covered. The in-class exercises will be discussed in class but will not count directly in the student's final grades; though, this material will be covered on the exams.

       Homework Problems: Homework problems will be assigned on material covered. The problems to be completed will be assigned during the class period that the related chapter is discussed. The homework problems will be due the following class session. Homework problems submitted after this time will receive a lower grade.

           Exam: The comprehensive exam will be given the last day of the course. Material from the class discussions, in-class problems / exercise, homework problem, and tax return problems will be covered in the exams.
Quizzes: At the beginning of each session a quiz will be given to review the prior session's material.
Tax Exercises:  Tax Problem examples and self-study problems are used to reinforce the chapter material being covered. The in-class exercises will be discussed in class but will not count directly in the student's final grades; though, this material will be covered on the exams.

       Homework Problems: Homework problems will be assigned on material covered. The problems to be completed will be assigned during the class period that the related chapter is discussed. The homework problems will be due the following class session. Homework problems submitted after this time will receive a lower grade.

Grading:
Final Grades will be determined based upon the following:

Exam 1 (1-4) 140 35%
Quizzes (quantity 7 at 20 points each) 140 35%
Homework Problems (quantity 5 at 22 points each) 110 27.5%
Attendance/Class Participation 10 2.5%
Total 400 100%
Grades will be computed using the following scale, although I reserve the right to make adjustments.

Grading Scale Chart
Grade Percentages Points
A 90 - 100% 360 - 400
B 80 - 89% 320 - 359
C 70 - 79% 280 - 319
D 60 - 69% 240 - 279
F Less than 60% Below    230          




The syllabus is only a plan.  It may change.  Changes will be announced in class.  A new syllabus will not be published or distributed to students.  It is the responsibility of the student to attend class and update the syllabus.

Syllabus Revised February 21, 2006

Late Submission of Course Materials:
If a student submits an assignment after a scheduled deadline, he/she will be penalized accordingly.

Classroom Rules of Conduct:
CLASSROOM RULES OF CONDUCT: The classroom rules of conduct include the following: 1. Respect the instructor's decisions/requirements; 2. Respect other learners; 3. Participate in classroom discussions/exercises; 4. Take ownership and complete assignments by given deadlines; 5. Notify instructor of any possible absences or missed deadlines; & 6. Any other rules that come up during the course of the semester.

Course Topic/Dates/Assignments:
CLASS MEETING & EXAMINATION SCHEDULE:

Date Subject Chapter Other
March 14th The individual Income tax return                      1 Class Intro, Term Plan, Exercises
March 21st Gross Income and exclusions
                2 Quiz, Exercises, Homework
March 28th Business expenses and retirement plans, Self-Employed and Employee Expenses           3 / 4 Quiz, Exercises, Homework
April 4th Itemized Deductions and other Incentives
          5 Quiz, Exercises, Homework
April 11th Credits and Special Taxes, Accounting Periods and Methods
          6 / 7 Quiz, Exercises, Homework
April 18th   Capital Gains and Losses, Withholding, Estimated Payments, and Payroll Taxes
       8/9 Quiz, Exercises, Homework
April 25th Partnership and Corporate Taxation
        10 / 11 Quiz, Exercises,
May 2nd Tax administration and Tax Planning         12 Quiz, Exercises, Comprehensive Final Exam

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
Class Participation: Students are expected to attend class and to participate in class discussions. Attendance/Class Participation will be worth 10 points of each student's final grade and will be earned according to the following schedule:
Present less than six times 0 Points
Present six times 5 Points
Present seven or more times 10 Points

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 .

Copyright:

This material is copyright and can not be reused without author permission.