Text: West Federal Taxation-Comprehensive Volume-2004 Edition, Willis etal.
Objectives: The student will be able to:
1. Describe the personal and dependency exemptions.
2. Compute gross income.
3. Discuss income exclusions.
4. Compute deductions.
5. Describe business expenses and losses.
6. Compute cost recovery.
7. Discuss employee and self-employed-related expenses.
8. Compute itemized deductions.
9. Describe passive losses.
10. Compute tax credits.
11. Discuss property transactions.
12. Compute the alternative minimum tax.
13. Conduct basic research.
14. Consider ethical issues in business.
15. Discuss tax issues from an internation perspective.
16. Use spreadsheets for analysis.
17. Present information orally.
18. Present information in writing.
19. Complete tax returns.
Grading: Four exams (100 pts each). 50 Assignment points.
Course grade: A- 405-450 pts (90%-100%), B- 360-404 pts (80%-89%), C- 315-359 pts (70%-79%), D- 270-314 pts (60%-69%), F- Below 270 pts (below 60%).
Disabilities: Reasonable accommodations will be made for students with medically documented disabilities that affect academic performance. If you need an accommodation, please contact TSU’s Disabled Student Services Office at 963-7400 (phone) or 963-5051 (fax).
Student status: You must be on the official class list to attend class. If you receive financial aid you must attend class. Students who are not on the class list and students who do not attend class will be reported to appropriate University officials.
1-12-Introduction
1-14-Ch 2-28,29,31,37,43
1-16-Ch 2-30,32,33,35
1-19-Holiday
1-21-Ch 2-54
1-23-Ch 3-26,27,28,29
1-26-Ch 3-36,42,46,52
1-28-Ch 3-54,55,59
1-30-Ch 4-28,33,34,35
2-2-Ch 4-29,30,31,38
2-4-Exam 1: Chs 2,3,4
2-6-Ch 5-33,34,35
2-9-Ch 5-36,37,43,49
2-11-Ch 5-50,53
2-13-Ch 5-62
2-16-Ch 6-28,29,31
2-18-Ch 6-32,33,34
2-20-Ch 6-36,38
2-23-Ch 7-26,27,30
2-25-Ch 7-31,34,35
2-27-Ch 7-58
3-1-Exam 2: Chs 5,6,7
3-3-Ch 8-31,32,33,34
3-5-Ch 8-36,40,41,49
3-8-Ch 8-39,50
3-10-Ch 9-24,25,26
3-12
3-15-Ch 9-27,28,31,32
3-17-Ch 9-40,49
3-19-Ch 10-32,33
3-22-27-Holiday
3-29-Ch 10-34,35
3-31-Ch 10-36,37
4-2-Exam 3: Chs 8,9,10
4-5-Ch 11-25,30,31,32
4-7-Ch 11-34,37,38,39
4-9-Holiday
4-12-Ch 11-40,42
4-14-Ch 12-37,38,39
4-16-Ch 12-41,42,43,72
4-19-Ch 12-77,88
4-21-Ch 13-32,33,39
4-23-Ch 13-41,44,49
4-26-Ch 13-53,54,58
4-28-Ch 13-61, Ch 14-31
4-30-Retirement/Pensions
5-3- Retirement/Pensions
5-5-Final Exam:Chs 11,12,13,14, Retirement
.........Wednesday-12:20-2:20
Grades
X=Exam
H=Homework:
H1-Tax return-problem 3-59
H2-Social security spreadsheet
H3-In-class return problem
H4-Tax Table spreadsheet
1.-X1-72..X2-84..X3-79..X4-62..H1-10..H2-10..H3-10..H4-10..H5-10..TOTAL POINTS=347..GRADE=C
2.-X1-72..X2-82..X3-84..X4-68..H1-10..H2-10..H3-7..H4-10..H5-10..TOTAL POINTS=353..GRADE=C
3.-X1-89..X2-83..X3-87..X4-66..H1-10..H2-10..H3-7..H4-10..H5-10..TOTAL POINTS=372..GRADE=B
4.-X1-96..X2-96..X3-89..X4-86..H1-10..H2-10..H3-10..H4-10..H5-10..TOTAL POINTS=417..GRADE=A
5.-X1-68..X2-85..X3-98..X4-82..H1-10..H2-10..H3-7..H4-10..H5-8..TOTAL POINTS=378..GRADE=B
6.-X1-73..X2-81..X3-68..X4-79..H1-10..H2-10..H3-0..H4-10..H5-10..TOTAL POINTS=341..GRADE=C
7.-X1-90..X2-77..X3-56..X4-87..H1-10..H2-10..H3-0..H4-10..H5-8..TOTAL POINTS=348..GRADE=C
8.-X1-76..X2-75..X3-76..X4-74..H1-10..H2-10..H3-5..H4-10..H5-10..H6-10..TOTAL POINTS=351..GRADE=C
9.-X1-86..X2-63..X3-72..X4-61..H1-10..H2-10..H3-10..H4-10..H5-10..H6-10..TOTAL POINTS=332..GRADE=C
10.-X1-72..X2-67..X3-79..X4-73..H1-10..H2-10..H3-10..H4-10..H5-10..TOTAL POINTS=341..GRADE=C
11.-X1-70..X2-71..X3-74..X4-59..H1-10..H2-10..H3-7..H4-10..H5-8..TOTAL POINTS=319..GRADE=C
12.-X1-79..X2-63..X3-75..X4-66..H1-10..H2-10..H3-10..H4-10..H5-10..H6-10..TOTAL POINTS=333..GRADE=C
13.-X1-66..X2-82..X3-83..X4-82..H1-10..H2-10..H3-7..H4-10..H5-10..TOTAL POINTS=360..GRADE=B
14.-X1-80..X2-79..X3-93.X4-77..H1-10..H2-10..H3-0..H4-10..H5-10..H6-10..TOTAL POINTS=379..GRADE=B
15.-X1-61..X2-59..X3-40..X4..73..H1-10..H2-10..H3-0..H4-0..H5-10..TOTAL POINTS=263..GRADE=F
16.-X1-61..X2-0..X3-0..H1-10..H2-10..H3-7..H4-0
17.-X1-94..X2-92..X3-78..X4-82..H1-10..H2-10..H3-7..H4-10..H5-10..TOTAL POINTS=393..GRADE=B
18.-X1-42..X2-10..X3-18..X4-5..H1-6..H2-10..H3-8..H4-10..H5-0..H6-10..TOTAL POINTS=119..GRADE=F
19.-X1-55..X2-77..X3-65..X4-77..H1-10..H2-10..H3-10..H4-10..H5-10..TOTAL POINTS=324..GRADE=C
20.-X1-84..X2-93..X3-73..X4-85..H1-10..H2-10..H3-8..H4-10..H5-10..TOTAL POINTS=383..GRADE=B
21.-X1-39..X2-0..X3-0..H1-6..H2-0..H3-4..H4-0
22.-X1-88..X2-74..X3-74..X4-86..H1-10..H2-10..H3-7..H4-10..H5-10..H6-10..TOTAL POINTS=..GRADES=B
23.-X1-67..X2-40..X3-34..X4-40..H1-10..H2-10..H3-4..H4-10..H5-10..H6-10..TOTAL POINTS=231..GRADE=F
24.-X1-65..X2-88..X3-85..X4-85..H1-10..H2-10..H3-7..H4-10..H5-10..TOTAL POINTS=370..GRADE=B
25.-X1-50..X2-50..X3-52..X4-50..H1-0..H2-0..H3-7..H4-0..H5-8..TOTAL POINTS=217..GRADE=F
26.-X1-91..X2-76..X3-83..X4-81..H1-10..H2-10..H3-8..H4-10..H5-10..H6-10..TOTAL POINTS=381..GRADE=B
27.-X1-51..X2-74..X3-81..X4-52..H1-6..H2-10..H3-8..H4-10..H5-8..H6-10..TOTAL POINTS=308..GRADE=D
28.-X1-70..X2-69..X3-81..X4-69..H1-10..H2-10..H3-0..H4-10..H5-10..H6-10..TOTAL POINTS=339..GRADE=C
29.-X1-75..X2-70..X3-78..X4-61..H1-10..H2-10..H3-8..H4-10..H5-6..H6-10..TOTAL POINTS=334..GRADE=C
30.-X1-92..X2-89..X3-79..X4-87..H1-10..H2-10..H3-5..H4-10..H5-10..H6-10..TOTAL POINTS=397..GRADE=B
31.-X1-73..X2-87..X3-85..X4-86..H1-10..H2-10..H3-10..H4-10..H5-10..TOTAL POINTS=381..GRADE=B
32.-X1-74..X2-94..X3-78..X4-81..H1-10..H2-10..H3-5..H4-10..H5-10..H6-10..TOTAL POINTS=377..GRADE=B
33.-X1-37..X2-0..X3-0..H1-3..H2-0..H3-0..H4-0..H5-0
34.-X1-44..X2-0..X3-0..H1-3..H2-0..H3-0..H4-0..H5-0
35.-X1-50..X2-80..X3-65..X4-95..H1-10..H2-10..H3-10..H4-10..H5-10..H6-10..TOTAL POINTS=340..GRADE=C
36.-X1-50..X2-66..X3-60..X4-73..H1-10..H2-10..H3-7..H4-10..H5-10..H6-10..TOTAL POINTS=299..GRADE=D
Absences
Turn the assignments in using the following procedure:
1. On the internet go to www.yahoo.com.
2. Click “Briefcase”. "Briefcase" is a underlined and appears about half way down the yahoo page.
3. Create an account by clicking “Sign me up!”.
4. After creating the account send an e-mail with your ID and password and your name to cozort@yahoo.com. The subject of the e-mail should be "ID8" for the 8:00 class and "ID10" for the 10:00 class.
5. For each assignment create a file. Use the filename identified in each assignment. For example, for Assignment 1 use, "Assign1".
6. Transfer the file to your "Briefcase" account as follows:
...a. Go to www.yahoo.com
...b. Click: "Briefcase"
...c. Sign in
...d. Click: "Add files"
...e. Select: "My Documents"
...f. Click: "Select"
...g. Click: "Browse"
...h. Click: your assignment file
...i. Click: "Upload"
...j. Click: "Back to folder" and see if the file is there.
