AC 312 Business Income Tax
F1A 2006 BE
Jistel, Sharon K.
BBA, Sam Houston State UniversityMBA, Abilene Christian UniversityCPA
Austin Campus center, Avallon II, Suite 100, 10415 Morado Circle, Austin, Texas 78759
5:10 - 10:20 PM
AC309, AC320 and CS140, OR equivalents
Textbook: TEXTBOOK: Prentice Hall's Federal Taxation - 2007 - Corporations, Partnerships and Trusts, ed.
Textbooks can be purchased though the MBS bookstore
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Educational Philosophy: Students should read and use the syllabus as a guide and reference throughout the semester, read assigned chapters, complete assignments, attend class, conduct a research/comprehensive tax return project, and interact with instructor and fellow students in a professional and courteous manner.
Learning Outcomes: Core Learning Outcomes
The test examines each learning outcome with 20 questions. Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/writing component. Each question will be weighted as 5 points.
Link to Class RubricClass Assessment: The student will be evaluated based on two examinations, a research/tax return preperation assignment, the successful completiojn of homework assignments and class participation.
Grading: Points are allocated as follows:
First Exam 35%
Second Exam 25%
Research/Tax Return Preperation Project 15%
Participation 10% ------- Total 100%
90 % A
80 % B
70 % C
60 % D
Late Submission of Course Materials: Accepted with pemission of instructor.
Classroom Rules of Conduct: Professional, courteous behavior expected.
COURSE TOPIC/DATES/ASSIGNMENTS: NOTE: Homework assignments and reading assignments to be completed prior to coming to scheduled classes. Homework problems will be assigned on a weekly basis.
*********Chapters 1 and 2 should be read prior to first scheduled class.***********
WEEK ONE: Tues., Aug. 22.
Chapter 1 Tax research, Chapter 2 Corporate Formations and Capital Structure
Reading Assignment - Week Two: Chapters 3,4.
WEEK TWO: Tues., Aug. 29.
Chapter 2 Corporate Formations and Capital Structure(conclusion), Chapter 3 The Corporate Income Tax, Chapter 4 Corporate Nonliquidating Distributions.
Reading Assignment - Week Three: Chapters 5, 6.
WEEK THREE: Tues., Sep. 5.
Chapter 4 Corporare Nonliquidating Distributions(conclusion), Chapter 5 Other Corporate Tax Levies., Chapter 6 Corporate Liquidating Distributions.
Reading Assignment - Week Four: Chapter 7.
WEEK FOUR: Tues., Sept. 12.
Chapter 6 Corporate Liquidating Distributions(conclusion), Chapter 7 Corporate Acquisitions And Reorganizations.
Reading Assignment - Week Five: Chapters 8 and 9.
WEEK FIVE: Tues., Sept. 19.
Chapter 7 Corporate Acquisitions And Reorganizations(conclusion), Chapter 8 Consolidated Returns, Chapter 9 Partnership Formation and Operation.
Review of Chapters 1-7 for EXAM # 1 on Tues. Sept. 26.
Reading Assignment - Week Six: Chapter 10.
WEEK SIX: Tues., Sept. 26.
EXAM # 1 (CHAPTERS 1-7)
Chapter 9 Partnership Formation and Operation(conclusion), Chapter 10 Special Partnership Issues.
Reading Assignment - Week Seven: Chapter 11.
WEEK SEVEN: Tues., Oct. 3.
Chapter 10 Special Partnership Issues(conclusion), Chapter 11 S Corporations.
Review of Chapters 8-11 for EXAM # 2 on Tues Oct 10.
Reading Assignment - Week Eight: Chapter 15.
WEEK EIGHT: Tues., Oct 10.
Chapter 11 S Corporations(conclusion).
EXAM # 2 (Chapters 8-11).
Chapter 15 Administrative Procedures.
Tax Strategy Problem-Chapter 15.
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 2006-2007 Undergraduate Catalog Page 87-89
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 87
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2006-2007 Undergraduate Catalog Page 89-90
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. 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 .
Last Updated:7/25/2006 11:39:42 AM