*Fall  2001                                                                                  Dr. Wunder

 

CALIFORNIA STATE UNIVERSITY, SACRAMENTO
College of Business Administration


ACCY 269 -- Individual and Business Income Tax Accounting


SYLLABUS

INSTRUCTOR: Dr. Haroldene Wunder
OFFICE: TAH-2078
OFFICE HOURS: TR             9:45 a.m. -- 10:15 a.m.
                  1:30 p.m. --  2:00 p.m.
T (only)      4:30 p.m. --  5:30 p.m.

And by appointment
OFFICE PHONE: 278-7134
E-MAIL: wunderh@csus.edu
COURSE OBJECTIVES: After successfully completing ACCY 269, students will have demonstrated:
  1. An understanding of individual and business income tax concepts;
  2. Proficiency in the application of income tax concepts to individuals and business entities; and
  3. Effective communication skills.
TEXT: Concepts in Federal Taxation (2002).  Authors: Murphy & Higgins
EVALUATION:
Three noncumulative exams @ 22% 66%
Tax return project 22%
Written communication projects 12%
Total 100%
ADDITIONAL INFORMATION:
  1. Each chapter lists Learning Objectives that indicate what you should be able to accomplish after completing the chapter.  These Learning Objectives should guide your study and sharpen your focus.
  2. Although assigned problems are not collected, it is essential that you complete all problems before I present and discuss them in class.  This enables you to use my presentation and discussion as feedback to gauge how well you are individually able to apply concepts to problem format.
  3. If you are not able to attend class when a written communication assignment is due, you must send me the assignment by FAX (916-422-6818) or e-mail (wunderh@csus.edu) so that I receive it by the assignment due date.
  4. There are no make-ups for exams.
  5. The Solution Manual for the text is on reserve in the library.
ADDITIONAL RESOURCE: The following Tax Adviser article is on reserve in the library:

Schmidt, D. R., and W. F. Yancey. 1999. Web-based tax resources.  The Tax Adviser (February 1999): 98-104.
WEB DATABASE: We will use Taxbase, an extensive tax database for Web assignments.  You will login to Taxbase as follows:

Go to http://tacampus.tax.org.
Select Login.
Enter your username and password.



 

ASSIGNMENT SCHEDULE
Date Chapter Problems
August 28 Introduction to Course

Chapter 1: Federal Income Taxation-- An Overview

Introduction to WebCT

  
September 4 Chapter 2: Income Tax Concepts 18,25,26,27,28,33,34,52,55,58,60
September 11 Chapter 3: Income Sources 34,37,39,40,48,49,53,54,55,60,65,
66,68,70,73,74,78
September 18 Chapter 4: Income Exclusions 22,26,29,30,34,38,43,44,47,56,57,
58
September 25 Chapter 5: Introduction to Business Expenses 28,29,30,34,35,40,42,58,67
October 2 Examination 1: Chapters 2-5
_________________________________

Chapter 6: Business Expenses		  
October 9 Chapter 6: Business Expenses
(continued)		 33,36,37,39,42,44,54,59,60,67,
73,74
October 16 Chapter 7: Losses -- Deductions and Limitations 17,18,23,33,35
October 23 Chapter 8: Taxation of Individuals  
October 30 Chapter 8: Taxation of Individuals
(continued)		 30,31,33,34,35,36,37,38,39,44,
52,55,56,60,64
November 6 Examination 2: Chapters 6-8
____________________________________

Chapter 9: Acquisitions of Property		  
November 13 Chapter 9: Acquisitions of Property
(continued)		 20,22,29,30,32,44,49,53,54,58,59
November 20 Chapter 10: Cost Recovery on Property: Depreciation, Depletion, and Amortization 21,25,26,32,36,37,41,54,55,57,58
November 27 Chapter 11: Property Dispositions  
December 4 Chapter 11: Property Dispositions
(continued)		 22,25,28,33,34,37,38,39,40,42,43,
56,57
December 11
Final Exam Day		 Tax Return Project due 

Final Examination, Chapters 9-11

5:15 p.m. - 7:15 p.m.

  

 

 

TAX RETURN PROJECT


Information pertaining to the tax return project appears on pages B-1 through B-23 of Appendix B of your textbook.  The project requires the preparation of the 2000 tax return of Bill and Joyce Schnappauf.  Their return requires the following forms and schedules:


Form 1040 U. S. Individual Income Tax Return
Schedule A Itemized Deductions
Schedule B Interest and Dividend Income
Schedule C Profit or Loss From Business
Schedule D Capital Gains and Losses
Schedule E Supplemental Income and Loss
Schedule SE Self-Employment Tax
Form 2441 Child and Dependent Care Expenses
Form 4562 Depreciation and Amortization (2 )
Form 4684 Casualties and Thefts
Form 8283 Noncash Charitable Contributions
Form 8582 Passive Activity Loss Limitations
Form 8606 Nondeductible IRAs
Form 8829 Expenses for Business Use of Your Home

 

Students are responsible for obtaining the 2000 forms and schedules from the Web, by phone, or at the Internal Revenue Service.

Web http://www.irs.ustreas.gov/prod/forms_pubs/forms.html
Phone 1-800-829-3676
IRS Office 4330 Watt Avenue, North Highlands, CA

 

NOTE:      At the IRS Web site, you can select "fill-in forms," which permit you to complete the returns at your computer by entering data into the forms and then printing the completed form.  After you access the Web site listed above, click on  fill-in using your computer and select the fill-in forms that you need for your project.

 

 

I STRONGLY ENCOURAGE YOU TO CONFER WITH ME AS YOU WORK ON THE PROJECT.