AC309 Individual Income Tax

for F2SS 2004

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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 309 Individual Income Tax
FacultyHarper, Yami D. C.
TitleAdjunct Faculty
Degrees/CertificatesM.B.A Accounting
M.B.A. International Business
B.S Sociology/Accounting
Office LocationNone
Office HoursBy Appointment
Daytime Phone210-967-7608
Other PhoneNone
Web PageNone
Semester Dates25 October – 19 December 2004
Class Days-M-W---
Class Time7:40 - 10:10 PM
PerquisitesAC 201 and CS 140
Credit Hours3

Pope, Anderson and Kramer Prentice Hall's Federal Taxation 2005. Prentice Hall, 2005.

Textbooks can be purchased though the MBS bookstore

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. Pre-requisites: AC201 and CS140. 3:0:3

Educational Philosophy:
Material for this class will be taught through class lectures, one on one practical assignments, online assignments and library research. I will be available both before and after class for those students who need assistance. Students are also encouraged to make an appointment for a consultation at other convenient times.

Learning Outcomes:
Upon completion of this course, the successful student will be able to:

1. Make informed public choices, on behalf of themselves and/or others, related to accounting, finance and taxation.
2. Analyze the ethical and legal issues that affect an individual's tax position.
3. Define and apply several tax concepts and principles
4. Understand the US tax laws and the recent tax cuts / policies.
5. Distinguish among the different types of income, tax credits, exemptions and exclusions.
6. Identify the use and function of specific tax forms
7. Prepare a simple tax return.

Term Project 25%
Research assignments 20%
Final Examination 25%
Class Participation (Group work & Attendance: 15%
Online and other assignments 15%

The grading scale for this class is:

100-90 Points = A
89-80 Points = B
79-70 Points = C
69-60 Points = D
Below 60 Points = F

Late Submission of Course Materials:
Assignments are due at the start of the assigned class period.
a. Late Homework: Late homework or assignments will take a 10 point deduction for each day (not class) missed. Coordination with me prior to an absence for turn in or having another student turn in your work can be authorized with advance notice.
b. Make-up Examinations: Make-up examinations will only be given with a valid excused absence and approved by the instructor. Make-up exams will be given ONLY in cases of legitimate and documented reasons for absence. All make-up tests must be scheduled before the next class session or a zero will be given for the exam. If a make-up test is granted, I will schedule a day for taking the missed exam.
c. Incompletes: As a rule, incomplete grades will not be given. Incomplete grades will not be given for student laziness (i.e. work not in on time; missing exams; student missing final...etc.) Exceptions to the rule do exist, however: If a death in the student's immediate family (spouse, child, parent, grandparent, sibling, aunt, or uncle) affects the overall performance of the student in the course or if the student missies a significant portion of the class due to their hospitalization, the student may be allowed to petition for an incomplete and make up the work prior to 10 December 2005. The instructor retains the right to veto any such petition, or grant an incomplete in other unforeseen circumstances.
d. Withdrawals: The enrollment status of the student in this course is solely the responsibility of the student. If you wish to change your status in this course, be sure that you file the appropriate paperwork with the registrar before the appropriate deadlines. If you wish to drop, do not just stop coming to class!!!!
Get to the Campus Center Director and file a withdrawal slip. I will continue to consider you part of this Class until notified otherwise by the Campus Center Director.

Classroom Rules of Conduct:
1. I expect you to read the syllabus and to make yourself aware of all requirements and deadlines associated with this class.
2. Be prepared for class. This means that you have read the assigned readings and are prepared to discuss them. This course will consist of class discussion, small group discussion, and lecture. You are expected to take part in the discussions and group work. Also, every aspect of the assigned readings will not always be reviewed in class, but examinations will be from both assigned readings and class discussions.
3. I am easygoing, but I will not tolerate unnecessary disruptions. You must respect other students' right to learn.
4. I expect you to ask for help, if you need it. The instructor is available outside of class to help you, but
you must initiate the contact. The sooner you seek help, the better!

Course Topic/Dates/Assignments:
Week Topic(s) Reading/ Homework
Class #1)
Review Syllabus & Class policies. Discuss practical assignments. Assign term projects. AOB Read Chapter 1
Class #2)
Chapter 2; Introduction to taxation, tax software and tax forms Online assignment
Class #3)
Taxable entities and their filing requirements Library Research
Class #4)
Tax research and the Internal Revenue code Read Chapter 2,3,4
Class #5)
Income and the determination of tax Read Chapters 5-8
Class #6)
Itemized deductions, Capital Gains and Losses Tax software assignment
(Class #7)
Accounting Periods and Methods TBA
(Class #8)
Property Transactions Read Chapter 5,12,13
(Class #9)
Tax planning and research Library Research
(Class #10)
The internal Revenue code Prepare for Practical Exam
(Class #11)
Practical exam: students practice tax return preparation in class Online assignment
(Class #12)
Other issues in individual taxation TBA
(Class #13)
Taxation for Corporations TBA
(Class #14)
Taxation for Partnerships, fiduciaries and other entities. TBA
(Class #15)
Course review, preparation for final examination. Prepare for final
(Class #16)
Final Examination

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 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: .
ADD/DROP: 10/25/2004 – 11/01/2004

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