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AC 309 Individual Income Tax
Corwin, Theodore


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

F1E 2006 PE

Faculty

Corwin, Theodore

Title

Senior Professor/Business/ Adjunct Faculty

Degrees/Certificates

MBA/Business Management

Office Location

N/A On-line email Theodore.Corwin@park.edu

Office Hours

Open via Email

Daytime Phone

760-966-1965 Message & Fax

E-Mail

Theodore.Corwin@park.edu

scapo@cox.net

Semester Dates

August 21st ---October 15th , 2006

Class Days

-M-W---

Class Time

4:45 - 7:15 PM

Prerequisites

AC201, CS140

Credit Hours

3


Textbook:

West Federal Taxation INDIVIDUAL INCOME TAXES, 2007, Hoffman/Smith/Wills; Publisher Thompson of

South-Wester , April, 2006. Go to wft.swlearning.com to   find out ISBN student text.

Textbooks can be purchased though the MBS bookstore

Additional Resources:

Intuit TurboTax "Premier" + State CD which comes with text.

Free online access to TaxBrain

Free online Access to RIA's Checkpoint a research database.

Free tutorial from RIA

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


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. PREREQUISITES: AC201 and CS140 3:0:3

Educational Philosophy:

 

Teach faceplate and encourage all students who show openness to learning. Work towards a better and more effective classroom so that the level of learning is always positive. 

 

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare Federal, state and city income tax returns for clients.
  2. Treat clients in a respectful and professional manner.
  3. Prepare working papers and schedules to support income tax returns.
  4. Use computer software to plan and report tax information.
  5. Organize and compile client-prepared data.
  6. Pass a written comprehensive examination on individual income tax law.


Core Assessment:
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 Rubric

Class Assessment:

Weekly Class Assignments

 

Students are to complete weekly chapter readings and then homework assignments as follows:

 

Week one:

 

Chapters 1       problems 9, 22,38, and 54

               2       problem 14

               3       problems 21 and 41

 

Week two:

 

Chapters 4       problem 60

               5       problems 31 and 59

               6       problem 62

 

Week three:

 

Chapters 7       problem 49, 53, and 55

               8       problem 58

               9       problems 15, 31, 34, and 36

 

Week four:

 

Midterm examination

Chapters 10     problems 45 and 48

               11     problems 32 and 41

 

Week five:

 

Chapters 12     problems 36, 42 and 51

               13     problems 15 and 23

               14     problems 54, 55, 57 and 58

 

Week six:

 

Chapters 15     problems 41, 45, 53

               16     problem 33 (part 1 only)

               17     problems 14, 21 and 27

 

Week seven:

 

Chapters 18     problems 1, 4 and 7

               19     problem 3

 

Week 8:

 

Chapter 20       problems 9, 39 and 43

Final Examination

Grading:

Grading system is based on percentages.

Testing will be scored based on 100% of each test times (X) the percentage assigned.

Mid term = 15%............................................................................................   = 300 POINTS

Final examination= 30%................................................................................   = 600 POINTS

Classroom partispation=15% .........................................................................  =300 POINTS

Homework activities=40%   100 POINTS  EACH WEEKLY ASSIGNEMENT TOTAL = 800 POINTS

TOTAL % .................100%..............................................................................  = 2000 POINTS

Late Submission of Course Materials:

 

Credit on late work can be accepted. It is based on the following factors:

Did the student give pre notification that the assignment was late?

What conditions caused the assignment to be late?

How late is the work?

Have the answers already been shared?

Have we been tested on the information already? Homework is designed to help a person learn and to be successful in testing.

Is this an ongoing issue with that student?

Will this dilute the scoring efforts of the other students' homework in the class. When their work is on time?

Using the above factors a subjective decision will be made regarding late work. A specific point deduction is not assigned.

The best suggestion is not to be late on work assignments.

 

 

Classroom Rules of Conduct:

Come to class on time

Have necessary text and support tools (calculator, paper etc)

Have pre-readings finished and be able to talk on subject.

You are required to keep your own records regarding all assignments

You must label and put your name on all your work

Be open to the instructors methodologies

You must let your instructor know of conditions which restrict your active participation in class.

If you need consideration or help please ask for a one on one meeting.

Course Topic/Dates/Assignments:

Weekly Class Assignments

 

Students are to complete weekly chapter readings and homework assignments as follows:

 

Week one:  Due date, August 28th

 

Chapters 1       problems 9, 22,38, and 54

               2       problem 14

               3       problems 21 and 41

 

Week two: Due date, September 4th 

 

Chapters 4       problem 60

               5       problems 31 and 59

               6       problem 62

 

Week three: Due date, September 11th

 

Chapters 7       problem 49, 53, and 55

               8       problem 58

               9       problems 15, 31, 34, and 36

 

Week four: Due date, September 18th

 

Midterm examination, September 14th

Chapters 10     problems 45 and 48

               11     problems 32 and 41

 

Week five:   Due date, September 25th

 

Chapters 12     problems 36, 42 and 51

               13     problems 15 and 23

               14     problems 54, 55, 57 and 58

 

Week six:  Due date, October 2nd 

 

Chapters 15     problems 41, 45, 53

               16     problem 33 (part 1 only)

               17     problems 14, 21 and 27

 

Week seven: Due date, October 9th

 

Chapters 18     problems 1, 4 and 7

               19     problem 3

 

Week 8:  Due date, October 11th, will accept via pre arrangements, till the13th of October

 

Chapter 20       problems 9, 39 and 43

Final Examination:  date, October 11th 

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.

  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 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 .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                                                                                                                     
Outcomes
2,3,4,5,6                                          
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
100-80 %
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
60-79%
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
50-59%
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
Less than 50%
 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards,Synthesis                                                                                                                             
Outcomes
2,3,4,5,6,                                         
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
100-80 %
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
60-79%
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
50-59%
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
Less than 50%
Analysis,Analysis of transactional data                                                                                                                                                                                                                    
Outcomes
,2,3,4,5,6                                         
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
100-80 %
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
60-79%
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
50-59%
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
Less than 50%
 
Application of established rules and logic per regulatory and commercial standards,Evaluation                                                                                                                                                              
Outcomes
1,                                                 
Demonstrate and interpret financial data for preparing
individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
100-80 %
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
60-79%
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
50-59%
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
Less than 50%
Terminology,Content of Communication written essay                                                                                                                                                                                                         
Outcomes
,1                                                 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to
preparing individual income tax returns
Question 20
100-80 %
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
60-79%
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
50-59%
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
Less than 50%
 
Technical Skill in Communicating written essay,Concepts                                                                                                                                                                                                    
Outcomes
4,                                                 
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
100-80 %
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
60-79%
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
50-59%
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
Less than 50%
Application,First Literacy Technical knowledge and application                                                                                                                                                                                             
Outcomes
,                                                  
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
100-80 %
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
60-79%
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
50-59%
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
Less than 50%
 
Second Literacy Transcendence of applied learning,Whole Artifact                                                                                                                                                                                           
Outcomes
,                                                  
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
100-80 %
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
60-79%
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
50-59%
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
Less than 50%
Component                                                                                                                                                                                                                                                  
Outcomes
                                                  
    

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Last Updated:7/21/2006 1:22:38 PM