SYLLABUS FOR INCOME TAX ACCOUNTING II

Term: Spring, 2000 (992) January 10 - April 19, 2000

Course Number: ACC 451X

Instructor: Mr. Kenneth Taylor, CPA

Office: Room # 521

E-mail: kentcpa@surfnetinc.com

Home Phone: (219) 865-1516 after 6pm

Office Hours: Wednesday 6:00pm – 7:00pm and 10:00pm – 10:30pm

Thursday 6:00pm – 7:00pm and 10:00pm – 10:30pm

Other hours by appointment

Course Time: Wednesday, 7:00-10:00pm

This course is a continuation of ACC 450

Prerequisites: ACC 450

Textbooks: Prentice Hall’s Federal Taxation 2000, Pope/Anderson/Kramer

Handout Materials

If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or been involved in another form of academic dishonesty, the instructor or other personnel may elect to bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is dismissal from the College. The procedures for judicial review are listed under the section of CCSJ handbook that addresses student grievances.

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, Chicago Manual of Style or Turabian.). All of these guidelines are available in the Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of sources, including electronic media.

After the last day for class changes has passed (see College calendar), students may withdraw from a course in which they are registered with permission from the faculty member conducting the course. A written request detailing the reason(s) for the withdrawal must be filed with the Registrar. Written request for withdrawal must be received by the Registrar by the last day of classes prior to the final examination dates specified in the catalogue. Written requests may be mailed to the Registrar or faxed to the College fax number 219-473-4259. Students are to make note of the refund schedule when withdrawing from courses. The request is forwarded to the faculty member, who makes the final determination to accept or deny the request. If the request is honored, the student will receive notification of official withdrawal; if denied, the notification will indicate why the withdrawal is disallowed. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

An official withdrawal is recorded as a "W" grade on the student's transcript. Dropping a course without written permission automatically incurs an "F" grade for the course (see Refund Schedule).

Class Policy on Attendance: Attendance at all class sessions is important. Advance notice should be given of any anticipated absence. Your absence from six class sessions will reduce your grade one level.

Class Policy For Assignments: All problems must be turned in at the end of the class period for which they are assigned. Late class assignments will not be accepted without approval prior to the due date. Excessive missed assignments could affect your grade.

Students in this course will: Become familiar with the application of federal income tax law, regulations and rules so as to enable the student to give proper tax treatment to various business and personal transactions as generally may be encountered in the preparation of an average tax return.

Exams (3 exams) 75 % of grade

Class participation/collaboration/attendance/assignments 25 % of grade

A: 93 A-: 90 B+: 88 B: 83 B-: 80 C+: 78

C: 73 C-: 80 D+: 69 D: 67 D-: 65 F: Below 65

January 12 Introduction to course outline

Homework Ch 2:

Problems 30,32,33,35,36,40,41,43,48,50,51

January 19 Read Chapter 3 – The Corporate Income Tax

Homework Ch 3:

Problems 34,35,37,38,39,40,43,47,51,52,54,58

January 26 Read Chapter 4 – Corporate Nomliquidating Distributions

February 2 Read Chapter 5 – Other Corporate Tax Levies

February 9 FIRST EXAM – Covers Ch’s 2 through 5

February 16 Read Chapter 6 – Corporate Liquidating Distributions

February 23 Read Chapter 7 – Corporate Acquisitions And Reorganizations

March 1 Read Chapter 9 – Partnership Formation And Operation

March 8 Read Chapter 10 – Special Partnership Issues

March 15 SECOND EXAM – Covers Ch’s 6,7,9,10

March 22 Read Chapter 11 – S Corporations

March 29 Read Chapter 12 – The Gift Tax

April 5 Read Chapter 13 – The Estate Tax

April 12 Read Chapter 14 – Income Taxation Of Trusts And Estates

April 19 FINAL EXAM – Covers Ch’s 11 through 14