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AC 312 Business Income Tax
Gould, Richard D.


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
SemesterF2HH2004
FacultyGould, Richard D.
TitleInstructor
Degrees/CertificatesB.S. Management/Accounting - Park University
Master of Accountancy - Miami University
Certified Public Accountant
Office Location1084 Kauffman Ave., Fairborn
Office HoursBy Appointment
Daytime Phone937-754-0940 Office, 937-260-2525 Cell
E-Mailp24621@pirate.park.edu
dickgould@yahoo.com
Semester DatesOctober 11, 2004 to December 12, 2004
Class Days---W---
Class Time5:30 - 10:30 PM
PerquisitesAc 309,, AC 320, and CS 140
Credit Hours3

Textbook:
Corporate, Partnership, Estate and Gift Taxation 2005 Edition by James Pratt & William Kulsrud

Additional Resources:
Textbook Website:  http://www.pktax.com

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, cases, dialogues, & examinations. The instructor will engage each learner to encourage the exploration of ideas, issues and contradictions.

Learning Outcomes:
Students will obtain a comprehensive understanding of Federal Income Tax law with primary emphasis on its impact on partnership and corporate income tax.  Students enrolled in this course will be able to define and understandthe fundamental concepts of income tax law as it applies to partnerships and corporations.  The students will be able to apply the concepts learned to prepare income tax returns and to research tax questions.

Course Assessment:
Examinations & Project

Grading:
Three Exams 30% each
Comprehensive Problem 10%

Late Submission of Course Materials:
Students are expected to turn in assignments and take examinations on the date scheduled or due.  Late submissions of work or make-up exams will not be accepted unless prior arrangements are made with the instructor.

Classroom Rules of Conduct:
Faculty members are expected to dismiss from their classrooms students whose behavior is detrimental to good order in the classroom. Such behavior includes, but is not limited to, the use of abusive or obscene language, attending the class under influence of drugs or alcohol, etc. Students who are dismissed from class may be given failing grades, suspension, or expulsion from Park University. Students whose behavior, either verbal or written, is detrimental to the good order of Park University may be subject to disciplinary action ranging from suspension to expulsion from Park University. Students who exhibit abusive or obscene language or behavior toward administrative personnel or support staff are also subject to suspension or expulsion from Park University.

Course Topic/Dates/Assignments:
Week         Topics                     Reading    Problems

1   Income Taxation of Corporations      Ch.1      TBD
    Corporate Formation & Capital Str.   Ch.2      TBD

2   Corp. Distributions-Cash,Property..  Ch.3      TBD
    Corp. Distributions-Stock Redempt..  Ch.4      TBD

3   Complete Liquidations                Ch.5      TBD
    Penalty Taxes on Corporate Accumul.. Ch.6      TBD

4   Exam 1
    Taxation of Partnerships & Partners  Ch.9      TBD

5   Partnership Distributions, Disp.     Ch.10     TBD
    S Corporations                       Ch.11     TBD
   
6   S Corporations Cont.                 Ch.11     TBD
    Estate & Gift Taxation               Ch.14     TBD

7   Exam 2
    Income Taxation of Estates & Trusts  Ch.15     TBD
   
8   Family Tax Planning                  Ch.16     TBD
    Tax Practice & Procedure             Ch.18     TBD

9   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 2004-2005 Undergraduate Catalog
Page 101
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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
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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


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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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Copyright:
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