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AC 312 Business 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.
CourseAC 312 Business Income Tax
SemesterF2E2004
FacultyCorwin, Theodore
TitleMr.
Degrees/CertificatesMBA MANAGEMENT
BS BUS
Office HoursON-LINE OPEN
Daytime Phone760-966-1965
E-MailTheodore.Corwin@pirate.park.edu
scapo@cox.net
Semester Dates10/25/2004
Class Days-M-W---
Class Time430 - 7:15 PM
PerquisitesAC 309,AC 320 CS 140
Credit Hours3

Textbook:
William H. Hoffman, William A. Raabe, James E. Smith and David M. Malone; West Federal Taxation Corporations, Partnerships, Estates and Trusts, Edition 2004

Textbooks can be purchased though the MBS bookstore

Course Description:
A study of the current federal income tax law. Emphasis is on tax research and the problems faced by partnerships and organizations.  Pre-requisites: AC309, AC320 and CS140 or equivalents.  3:0:3

Educational Philosophy:
The instructor's educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, Internet, videos, web sites and writings.  The instructor will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues, and contradictions.

Learning Outcomes:
Students' primary objective will be to develop skills which will enable them to research and gain access to the information necessary to analyze the current laws, methods and detailed activities to prepare tax filings for businesses. Student will gain knowledge as to how to develop decision selections outcomes, relating to tax benefits and use of cost of assets and expenses over the life of business. Estates and trusts taxation information will also be presented to the student with a slant towards their future needs. Filing procedures and time lines required by tax laws will be exposed

Course Assessment:
Students' primary objective will be to develop skills which will enable them to research and gain access to the information necessary to analyze the current laws, methods and detailed activities to prepare tax filings for businesses. Student will gain knowledge as to how to develop decision selections outcomes, relating to tax benefits and use of cost of assets and expenses over the life of business. Estates and trusts taxation information will also be presented to the student with a slant towards their future needs. Filing procedures and time lines required by tax laws will be exposed

Grading:
Grading is based on the following:
Testing…  
20 % Midterm,                                    
30% Final
Homework …. 25%                                          Participation…10%  
Issue paper…...15%

Late Submission of Course Materials:
Late Submission of work :
Acceptable, but a lowering grade for each class period overdue until the grade of "D" is reached. 5 class meetings max.

Classroom Rules of Conduct:
Each piece of your work you turn in must carry your name, course, date and some identifiable reference as to what the work is. Example: Homework, chapter 6 # 17.
Behavior requirements are that you act adult and treat everyone fairly. Be on time and plan on staying to the end of the class. Keep records of your work, notes on classroom activity and any changes which might happen. It is the responsibility of the student to find out what has been missed when one misses class.  Allow the instructor to instruct you within there own style. Stay with the class and keep personal matters out of the classroom. If you need help or have a personal issue. Seek help through your instructor. Do it as a one on one connection with your instructor.  

Course Topic/Dates/Assignments:
Date   Day  Chapter reading
Assignments to be presented in class, one each

 10/25       M.  Chapters 1 & 2
Problems and cases per student both chapters

    27       W.  Chapter 3
Problems and cases per student

11/ 01      M.   Chapter 4
Problem and cases per student

    03       W.  Chapter 5
Problem and cases per student

    08      M.   Chapter 6
Problem and cases per student

   10       W.   Chapter 6
Comprehensive Problem # C6-54

   15       M.   Chapter 7
Problem and case per student

    17      W.   Chapters 1-7
Mid- term review.

    22       M.  Mid Term
Chapter 8 Problem and case per student

    24       W.  Chapter 8
Chapter 9 & 10 Problems and cases per student

    29       M.  Chapter 9 & 10
Chapter 11 Problem and case per student

    31       W.  Chapter 11
Chapter 12 & 13 Problems and cases per student

12/ 06       M.  Chapter 12 & 13
Chapter 14 Problems and cases per student

     08      W.  Chapter 14
Chapter 15 Problem and cases per student

     13      M.  Chapter 15, 8-15
Final Review

    15      W.   Final Exam
Last night to turn any missed work at lowered grade.





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 2004-2005 Undergraduate Catalog
Page 101

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 2004-2005 Undergraduate Catalog
Page 101

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 2004-2005 Undergraduate Catalog Page 100


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.