HomeMy WebLinkAboutACC-107BERGEN COMMUNITY COLLEGE
DIVISION OF BUSINESS, ARTS ANDSOCIAL SCIENCES
BUSINESS, ACCOUNTING & FINANCE DEPARTMENT
ACC-107 FEDERAL TAXATION SYLLABUS
SEMESTER:
(Instructors use only)
For Individual Student Outline:
Semester and year:
Course and Section:
Meeting Days/Times
& Room:
Instructor:
Office Location:
Office Hours:
Phone:
E-mail Address:
Course Description: ACC-107 Federal Taxation is an introduction to Federal tax law. This
course focuses on the basic tax model for the individual taxpayer. The
preparation of federal income tax return is also covered.
Credits & Hrs.: 3 credits (2 lecture, 2 lab hrs.)
Prerequisite: None
Textbook: Fundamentals of Taxation 2017 with Tax Act software
McGraw-Hill Irwin Publishing
Cruz/Descamps/Niswander
Faculty Resources: Refer to Instructor’s Guide with Lecture Notes of textbook.
General Objectives:
The objective of this course is for the student to identify and apply the tax
laws and principles of (1) income and deductions, (2) gain and loss, (3) tax
liabilities and credits. Internal Revenue Service’s forms preparation is
also introduced in the class. Student body can include accounting majors,
business majors and other majors who would like to study in some detail
the income tax laws, regulations and structures.
Student Learning
Outcomes: The student will demonstrate the ability to:
Conduct tax research
Assessment Criteria: Graded research assignments
Standard: At least 70% of all students will receive an average grade of
“C” or better on assignments.
Identify elements of the basic tax model for the individual
taxpayer, including tax determination, personal and dependency
exemptions
Assessment Criteria: Graded homework and exam assignments
including problems and/or essay questions.
Standard: At least 70% of all students will receive an average grade of
“C” or better on homework assignments and examinations.
Identify the income component of the basic tax model. Identify
income and the statutory exclusions as well as accounting method
and period that affect income reporting.
Assessment Criteria: Graded homework and exam assignments
including problems and/or essay questions
Standard: At least 70% of all students will receive an average grade of
“C” or better on homework assignments and examinations.
Analyze the deduction component of the basic tax model,
including (a)business versus non business, (b) “deduction from”
versus “deduction for”, (c)employee versus employer, (d)active
versus passive, (e)reimbursed versus un-reimbursed, (f) permitted
deductions, (g)deduction limitations and (h) disallowances. If
deduction is greater than income, the treatment of losses is also
included.
Assessment Criteria: Graded homework and exam assignments
including problems and/or essay questions
Standard: At least 70% of all students will receive an average grade of
“C” or better on homework assignments and examinations.
Describe the treatment of sales, exchange and other dispositions of
properties. Recognize gain and loss, determine the realized gain
and loss, differentiate capital or ordinary gain and loss.
Assessment Criteria: Graded homework and exam assignments
including problems and/or essay questions
Standard: At least 70% of all students will receive an average grade of
“C” or better on homework assignments and examinations.
Apply the procedures for the timing of tax payments, demonstrate
how to use tax credits against tax liabilities, differentiate
refundable and non- refundable credits, compute penalties and
interest involved in late filing and late payments.
Assessment Criteria: Graded homework and exam assignments
including problems and/or essay questions
Standard: At least 70% of all students will receive an average grade of
“C” or better on homework assignments and examinations.
Apply the tax computation using the basic tax formula and prepare
Internal Revenue Service’s forms.
Assessment Criteria: Tax Preparation Project
Standard: At least 70% of all students will receive an average grade of
“C” or better on assignments
Course Coverage: ESTIMATED
NUMBER OF
CHAPTERS 2 HOUR PERIODS
The following topics will be covered:
Chapter 1 An Introduction to Taxation, the Income Tax 3
Formula, and Form 1040EZ
Chapter 2 Expanded Tax Formula, Forms 1040A, 2
and Basic Concepts
Chapter 3 Gross Income: Inclusions and Exclusions 3
Exam Chapters 1,2, &3 1
Chapter 4 Adjustments for Adjusted Gross Income 3
Chapter 5 Itemized Deductions 3
Chapter 6 Self-Employed Business Income 2
Exam Chapters 4,5, &6 1
Chapter 7 Capital Gains and Other Sales of Property 2
Chapter 8 Rental Property, Royalties, and Income 3
from Flow-Through Entities
Chapter 9 Tax Credits 3
Chapter 10 Retirement and Other Tax-Deferred Plans and Annuities 2
Exam Chapters 7,8,9, &10 1
Final Exam 1
The Course Outline and Calendar must include all of the following elements:
• A daily or (at least) weekly schedule of topics to be covered.
• Dates for exams, quizzes, or other means of assessment. (This does not mean that all evaluation of students mus t be in
groups and at the same time. Exams and other means of assessment can be listed as "to be scheduled individually.")
• Due dates for major assignments – e.g., when is a paper due; if the topic has to be approved, when; if an outline or draft is an
interim step, when is it due?
• Any required special events must be included in the outline/calendar, e.g., a lecture by a visiting speaker, a dramatic or
musical performance, a field trip.
• A note to students stating that the course outline and calendar is tentative and subject to change, depending upon the
progress of the class.
Sample Format for Course Outline and Calendar
Note to Students: The following Course Outline and Calendar is tentative and subject to change, depending upon the progress
of the class.
Week(s) Date(s) Topics/Activities/Assignments
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Course
Activities: Faculty is encouraged to use a variety of instructional techniques to
encourage student learning. Research shows that straight lecture is not
particularly effective. Lecture segments should be kept to a maximum of
20 minutes and be interspersed with other learning activities such as
demonstration, question and answer, class discussion, group learning
projects, student presentations, etc. In order to meet the needs of diverse
learners, faculty is encouraged to supplement lectures with technology.
(Note: if not assigned to a room already equipped with the technology,
portable teaching stations equipped with a laptop computer and projection
system is available from the library. Also, all classrooms have an Internet
connection.)
Faculty is encouraged to incorporate the use of technology in their
assignments and projects. Students have ample access to the Internet, as
well as Microsoft Office in college labs. Accordingly, assignments using
the Internet, Excel, Word and Power Point can be assigned.
Evaluation:
The Business Department is required to establish one or more assessment
measures that students in every section of ACC 107 must complete.
Faculty will be required to incorporate these into their assessment plan.
Guidelines are provided below.
Faculty is encouraged to use multiple methods of assessment and to
assess student learning frequently. Listed below are some general
guidelines that you should use to develop your individual grading policy.
If you would like to go outside of these guidelines please confer first with
the Accounting Department. Remember that you must distribute your
grading policy to the students, preferably, on the first day of the semester.
A copy MUST also be sent to the Business Department secretary for their
records.
Class Participation *....................................................................……0-10%
Homework...............................................................................….….10-15%
Projects (Cases, Research, Tax Projects, etc.REQUIRED)……….10-25%
Quizzes and Exams................................................................……...40-60%
Final Exam ……………….........................................................…. 10-20%
*Class participation grades cannot be based solely on attendance. The
grade must be based on objective recordings in the instructor’s grade book
of participation, discussion, responses to questions, etc.
True/false questions on exams are widely discouraged.
Competencies:
In addition to meeting the overall objective cited above, there are
additional student competencies that are desirable and should be
encouraged throughout the entire educational experience. Some of these
are:
Oral and written communication skills (REQUIRED)
Computer Literacy
Interpersonal Skills
Critical Thinking Skills
There are various ways in which we can meet our specific course
objectives as well as to enhance our students’ competencies in these areas.
Oral reports on related current events, topical coverage or explanations of
problems and cases may be encouraged. Group work is an effective took
to enhance several of these skills. Assigning
problems/exercises/cases/independent research requiring the use of the
Internet and word processing their responses may be desirable.
Attendance Policy:
BCC Attendance Policy:
All students are expected to attend punctually every scheduled meeting of each course
in which they are registered. Attendance and lateness policies and sanctions are to be
determined by the instructor for each section of each course. These will be established
in writing on the individual course outline. Attendance will be kept by the instructor
for administrative and counseling purposes.
Attendance Policy in this Course:
It is at the instructor’s discretion to institute an attendance policy. If a student will
be penalized for absences and lateness, it is incumbent upon the instructor to
include those provisions in the outline.
Other College, Divisional, and/or Departmental Policy Statements:
Office of Special services:
Please include the following at the bottom of your student course outline:
Students who require accommodations in accordance with the Americans
with Disabilities Act (ADA) can request these services from the Office of
Specialized Services. To learn more about how to apply for services, please
visit them at: http://www.bergen.edu/oss.
Student and Faculty Support Services:
The Distance Learning Office – for any problems you may have accessing your
online courses
Room C-334 201-612-5581 psimms@
bergen.edu
Smarthinking Tutorial Service On Line at: www.bergen.edu/library/learning/tutor/
smart/index.asp
The Tutoring Center (The Henry and Edith Cerullo Learning Assistance
Center)
Room L-125 201-447-7489
The Writing Center Room L-125 201-447-7489
The Online Writing Lab On Line at: (OWL www.bergen.edu/owl)
The Office of Specialized Services (for
Students with Disabilities)
Room L-116 201-612-5269 www.bergen.edu/oss
The Sidney Silverman Library – Reference Desk Room L-226 201-447-7436
PUBLISHER’S WEBSITE: (http://www.mhhe.com/cruz2017)
Interactive Study Center
Students Resources
Tax Related Links
Web Tutors
Tax Update & Forms
INTERNAL REVENUE SERVICES: (www.irs.gov.) The site offers tax information for
students.
LIBRARY:The library has a number of tax related publications and textbooks in its regular and
reserve holdings, which may be used as a reference. Seek the assistance of the librarian
Special Note on the Tutoring Center - The Henry and Edith Cerullo Learning Assistance Center encompasses
the Tutoring Center, the English Language Resource Center, and the Writing Center. The website of the Learning
Assistance Center is located at www.bergen.edu/pages/2192.asp. Tutoring services are available for this course in
the Tutoring Center. I strongly recommend that you make use of those services as we progress through the
semester. As listed above, the Tutoring Center is located in Room L-125, and its phone number is 201-447-7489.
You can also make appointments for tutoring online through the BCC Virtual Campus, which is located at
www.bergen.edu/pages/2864.asp. Click on the link for the "Tutoring Appointment System."
Other College, Divisional, and/or Departmental Policy Statements:
Statement on plagiarism and/or academic dishonesty: Plagiarism and academic dishonesty are
S serious infractions which are dealt with by the Vice President. Students may want to become
aware of our policy on plagiarism at
http://www.bergen.edu/pages1/Pages/2307.aspx
.office hour It is recommended that a policy for academic dishonesty be included in the outline