TAX3001

Federal Tax Accounting

Course Code:
TAX3001

Credit Hours:
3

Effective beginning:
2023-24

Sections:
001

 

Course Description:
This course gives a survey of federal income taxation with primary emphasis on the taxation of individuals and corporations.

 

Course Details

Instructors:

As assigned

 

Required textbooks/ course materials:

Young/Nellen/Maloney/Persellin/Cuccia/Lassar/Cripe, South-Western Federal Taxation 2023: Comprehensive, 46th ed., Cengage Publishing. ISBN: 9780357719732.

Cengage Unlimited:

1-semester subscription: ISBN 9780357700006

1-year subscription: ISBN 9780357700013

2-year subscription: ISBN 9780357700020

 

Assignment/course outline:

See first-day handout.

 

Discipline-level learning outcomes:

Bachelor of Science in Business Administration degree Learning Outcomes:  

BA-1 Exhibit knowledge of accounting, finance, management, legal, operations and marketing.   

BA-2 Identify MIS, economics, technology, statistical data and decision support tools for making effective business decisions.

BA-3 Recognize the impact of today’s global economy, diversity and cultures on businesses. 

BA-4 Comprehend how effective leadership, teamwork and ethics relate to best business practices.  

BA-5 Use effective oral and written communication skills, including effective research techniques.

 

Course-level learning outcomes:

Course-level student learning outcomesDiscipline-level learning outcomesAssessment methods

Propose appropriate filing resources pertinent to corporations.

Formulate exemptions into tax reports and propose the amount of each exemption.

Appraise the appropriate deduction amounts based on the current tax guidance.

Propose all pertinent items to include and what to exclude in determining gross income.

Evaluate the taxability of fringe benefits.

Evaluate and measure the impact of payroll responsibilities and calculations.

Synthesize the steps needed to complete a Schedule C – Business income and Expenses.

Validate the tax impact of Capital gains/losses and operating gains/losses.

Appraise the calculation of depreciation and recapture.

BA-1, BA-2, BA-3, BA-4, BA-5

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5 

BA-1, BA-2, BA-3, BA-4, BA-5

Tests, Quizzes, Homework

 

Means of accomplishing learning outcomes:

In-Person

The instructor will:

  • Lecture and lead class discussions.
  • Assign readings from textbooks and/or other sources to supplement lectures.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly office hours to address questions and student needs outside of class time.

The students will:

  • Attend class regularly and be attentive to lectures.
  • Engage with class discussion.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.

Online

The instructor will:

  • Lead class discussions.
  • Assign textbook and/or other readings.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly virtual office hours to address questions and student needs.

The students will:

  • Engage with the course regularly.
  • Engage with class discussions.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.

 

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