AC 309 Individual Income Tax
F1DD 2010 DC
Osborne, Robert Lewis
Adjunct Senior Instructor
CPA, CMA, CFM, CGFM, CDFN, CBM, CITP, ATP
DSCC Building 11
Before class, After Class, or by Appointment. Office hours are not available during normal work hours. However, assistance can be obtained by calling or emailing the instructor, or by appointment
August 16 to October 10, 2010
5:00 - 10:45 PM
AC 201 and CS 140
Pope, Thomas R., Kenneth E. Anderson, and John L. Kramer (2011). Prentice-Hall's Federal Taxation 2011 – Individuals. Prentice Hall, Inc., Upper Saddler, NJ.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: SUPPLEMENTAL RESOURCE MATERIALS LIST:
Internal Revenue Code of 1986; IRS Regulations, Revenue Rulings, Revenue Procedures, and Letter Rulings; Tax Court Memos; any Principles of Accounting Text, and the IRS website (WWW.IRS.Gov)
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 firstname.lastname@example.org or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Educational Philosophy: To foster a learning environment that enables the learner to realize his/her greatest potential. Specifically, this class teaches the learner to think critically; to communicate clearly; and to take ownership for his/her learning. The instructor’s educational philosophy is based on student participation based on lectures, readings, quizzes, dialogues, examinations, internet, and writings. The instructor will encourage each learner to explore new ideas, issues, and contradictions.
Learning Outcomes: Core Learning Outcomes
Link to Class RubricClass Assessment:
This course will cover Chapters 1 through 15 of the assigned text. The course assessment will include two (2) exams; two (2) tax return problems; four (4) graded homework problems and class attendance/participation.
Exams: Two exams will be given during this course. Students will be notified in advance of changes in the material tested. Material from the class discussions, in-class problems, homework problem, and tax return problems will be covered in the exams.
Exam number 1 covers Chapters 1 through 8.
Final exam is comprehensive
Graded Homework Problems: Four homework problems will be assigned on material covered. The problems to be completed will be assigned during the class period that the related chapter is discussed.
Tax Problems: Details related to the tax return problems will be given at least two class periods before they are due.
Course grades will be based on an average percentage, as follows:
A. Examinations: two (2) 100 points each 200 points total
B. Homework: four (4) at 15 points each 60 points total
C. Tax return problems: two at 80 points each 160 points total
D. Class Attendance/Participation (10 points each class) 80 points total
E. Class total 100 percent 500 points total
F. This course grade distribution is as follows:
A = 90% to 100% (450 to 500 points)
B = 80% to 89.9% (400 to 449 points)
C = 70% to 79.9% (350 to 399 points)
D = 60% to 69.9% (300 to 349 points)
F = below 60% (299 points and below)
Assessments as a percent of the course
A. Mid-Term Examination – 20 percent of final grade
B. Final Examination – 20 percent of final grade
C. Homework: Four (4) – 12 percent of final grade (3 percent each)
D. Tax return problems (2) - 32 percent of final grade
C. Class Participation: Eight (8) - 16 percent of final grade
All final grade percentages will be rounded to one decimal point
An “Incomplete” will be assigned only in accordance with Park University policy. All final grade percentages will be rounded to one decimal point.
Note: I will try to assist you as much as I can as you proceed through this course. Always feel free to consult me when you have problems meeting course commitments.
The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.
All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.
A. The instructor will not accept the Tax return problems late. Tax Return Problems not submitted on, or before, the due date will receive a grade of “zero”.
D. Examinations are announced well in advance and it is the Students' responsibility to know when exams are scheduled and make special arrangements PRIOR TO THE EXAM if they will be unable to attend. Makeup exams will be allowed, without penalty, only if the situation warrants and only if PRIOR arrangements have been made with the instructor. If you have an unexcused absence resulting in you missing an exam, the exam must be made up the following week. In addition, your test score will be reduced by ten (10) percentage points.
E. Please note that participation points are not the same thing as attendance. Participation points are granted for actively participating in the class not merely showing up. A student can not receive participation points if they are absent.
Classroom Rules of Conduct:
The classroom rules of conduct include the following: 1. Respect the instructor’s decisions/requirements; 2. Class start time is 5:00 Sharp; 3. Only one conversation at a time; 4. All homework assignments are to be submitted on time; 5. Respect other learners; 6. Participate in classroom discussions/exercises; 7. Take ownership and complete assignments by given deadlines; 8. Notify instructor of any possible absences or missed deadlines;
CELL PHONES: Cell phones are a major convenience and a major annoyance. Turn them OFF. If you must leave your phone on, please turn it to mute or whatever setting your telephone requires so that it does not disturb the class. If you receive a call or text, leave the classroom and go to the lobby.
Remember, computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Printers run out of ink and hard drives crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology.
Students will be expected to have read and studied the material assigned for that class and have completed the assigned homework problems.
What to expect
1, 2 & 3
Review syllabus, Ch 1 – Introduction to Taxation, Ch. 2 – Determination of Tax, and Ch. 3 – Gross Income, Inclusions
4 & 5
Graded HW # 1 Due
6 & 7
Ch 6. – Deductions and Losses, and Ch. – 7 Itemized Deductions
Graded HW # 2 Due
7 & 8
Ch. 7 – Itemized Deductions; and Ch. 8 Losse and Bad Debt
Distribution of Exam 1 (chapters 1-8)
9, 10, & 11
Ch. 9 – Employee Expense; Ch. 10 – Depreciation, Cost Recovery, Amortization, and Depletion; and Ch 11. Accounting Peridos and Methods
Lecture, Problems, Mid-Term due back
12 & 13
Ch 12 – Property Transactions; and Ch 13 – Property transactions Section 1231
Graded HW 3 Due
14 & 15
Ch. 14 – Special Tax Computation Methods, Credits and Payments; and Ch. 15 - Tax Research
Graded HW 4 Due
A list of Graded homework problems will be handed out the first night of class. You may also check eCompanion.
**Midterm will be a take home exam; it will be handed out during session 4 and due back session 5 with no exceptions.
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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 Undergraduate Catalog Page 92
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. from Park University 2010-2011 Undergraduate Catalog Page 92-93
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2010-2011 Undergraduate Catalog Page 95-96
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:7/15/2010 11:04:17 AM