inette.com
N W T C - M a r i n e t t e: 7 1 5 - 7 3 5 - 9 3 6 1
NWTC-Marinette - Fall 2009
Accounting - Personal TaxAccounting Personal Tax SYLLABUS
Revision # 1 dated 09/29/09 (subject to further revisions)
Catalog 10-101-154 & Class # 84339
October 07, 2009 End Date: Wednesday, December 16, 2009Instructor Information
Instructor: Lloyd Cook
Office: Marinette Campus Room 105
Telephone: Main Office: 715-735-9361
Email: lloyd.cook@nwtc.edu
Office Hours: Just prior to the start of class and after class as needed
CLASS Information:
Course Description: This course provides the opportunity for the learner to develop the knowledge skills process and understanding of the history and research of federal tax law and regulations and preparation of federal individual income taxes including forms 1040, 1040A and 1040EZ, and supporting schedules and forms.
Credits: 4
Class Schedule: Wednesday 5:00 PM - 10:00 PM
Marinette Campus Location: Room 105
Pre-requisites:
Textbook: Essentials of Federal Income Taxation 2009 Edition by Johnson and Sieg
Library Resources:
Students have access to resources from the physical or virtual Library to complete assignments at http://www.nwtc.edu/library
- Supplemental resources are available through the Library; however none are specifically required for this course.
Supplies: (4) of colored highlighters, Colored page tabs (i.e. post-it notes)
Course Competencies: You have the opportunity to learn the following skills in this course:
1. Review and understand the fundamentals of federal tax laws with emphasis on individual tax returns.
2. Prepare tax returns required of individuals.
3. Consider various techniques in tax planning that may assist in minimizing tax liability.
Core Abilities: In addition to specific job-related training, NWTC has identified core abilities that are transferable and go beyond the context of a specific course. This class addresses the following core abilities:
1. Think critically & creatively
2. Apply Relevant Technologies
RESPONSIBILITIES and Policies:
Student Responsibilities: As a student of NWTC, I expect you to adhere to the policies of the college, as outlined by the Student Handbook (please see below). You are responsible for the duties set forth in this class and to communicate any questions, comments or concerns you have to me. Acceptable means of communication include e-mail, voicemail or through online discussion forums. Use of correct grammar and punctuation is required in all written communications.
Plagiarism, cheating and collusion are prohibited at NWTC. Students who fail to observe these standards are subject to disciplinary action. Please refer to the NWTC Student Handbook for further definitions and consequences of these behaviors, available through Student Services or on the NWTC webpage at http://www.nwtc.edu.
Attendance: If YOU want to succeed in this course, attendance at all classes is essential. If, for whatever reason, you are unable to attend a class, it is your responsibility to find out what topics were covered and what assignments made. The instructor will not repeat lectures either in class or individually. Attendance will be taken. Tardiness and early leaves will be counted as absences.
Student e-Mail: NWTC offers a student e-mail account for all students. You are responsible for monitoring your student e-mail account. Student e-mail can be accessed at: https://web.mymail.nwtc.edu Student technical assistance is available 24 hours a day, 7 days a week. Call toll free: (866)235-5037
Use of Electronic Devices: Please silence all cell phones during classroom lectures.
Other Policies:
Disability Act Statement: NWTC complies with all provisions of the Americans with Disabilities Act and makes reasonable accommodations upon request. Please contact the Special Needs Office in room SC240 or call 920-498-5444 (920-498-6901 for TTY) for more information regarding the support services available to you.
Student Rights: For additional information regarding your rights as a student, including college policies on harassment, student rights and other services available at NWTC, please consult the NWTC Student Handbook, available through Student Services or on the NWTC webpage at http://www.nwtc.edu
Class Cancellation: Class cancellations (due to instructor illness) will be posted as early as possible at: http://www.nwtc.edu/Cancel.nsf
Instructor Responsibilities: As your instructor, I commit to communicating openly and frequently with you about this class. I will maintain a professional, safe learning environment adhering to the policies of the college. You can expect a reply to communication, be it via e-mail, through online discussions, voicemail or in person, within 24-48 business hours.
Grading Policy:
Exams: Five take-home exams will be given during the semester (see course timeline). You may use the text, your notes, and any IRS literature to assist you in taking the exams. However, the exams are not group projects. No other individual may assist you in taking the exam. If the take-home exam privilege is abused, the tests will be taken during regularly scheduled class time. The exams will count for approximately 40% of the final grade.
Projects: Five projects will be required during the semester. They must be completed and handed in by the assigned due dates. These projects will be handed out at least two weeks prior to the due date. This provides ample time for completion of the project by the due date. NO LATE PROJECTS WILL BE ACCEPTED. These projects will count for approximately 50% of your final grade.
Reading & Homework Assignments: Reading the assigned chapters and completing the assignments listed on the course time line is critical for successful completion of the course. Additional practice problems will be handed out throughout the semester. It is important for you to work all of the chapter assignments and practice problems since each covers different tax rules and procedures from others. Assignments bolded on the timeline and several in class assignments will be submitted for grading. Some of the assignments and all of the practice problems will be discussed in class. Students are expected to participate in the class discussions and review of assignments. 10% of final grade will be based on class participation.
Grading Scale:
Points Attained
Grade
93-100
A
85-92
B
77-84
C
70-76
D
Below 70
F
Please note the grading scale has increased from first year accounting courses.
Withdrawal: If you wish to Withdraw from the class without receiving a grade, you must withdraw by . This will place a W on your grade records. If you withdraw after this date you will receive a failing grade.
Credit by Exam: The Accounting Department has determined that Credit by Exam is not available for this course. Only those who have qualified work related experience (Credit-By-Life Experience) may qualify for course credit without completing this course. Therefore, NO Credit by Exam will be offered for this course during this semester.
You are required to access Blackboard (NWTC online course engine) and take the Syllabus Test indicating that you have read and agree to the class policies, procedures, due dates, and terms communicated in this syllabus. You will not receive a grade for any test or project until you have completed this assignment.
Course Calendar: The following is an approximate timeline of when chapters will be covered in class and the related homework assignments, test, and projects deadlines. Deadlines for tests and projects will vary from the timeline listed below. The timeline is provided only as an approximate schedule. The instructor will provide specific test and project deadline dates during class.
Week
Topic/Competency
Homework
Assignments, Projects, & Tests Due
1
Chapter 1
Chapter 1 : 8-10,21-23,
1
Chapter 1 Cont
Chapter 1 : 11-20,24-26
Qualifying Child
1
Chapter 2
Chapter 1:27
Chapter 2: 1-24
Chapter 1:31
2
Chapter 2 Cont
Chapter 13 Pages 25-29
Chapter 2: 25 28
Chapter 13: 18-21
Chapter 2:29
2
Chapter 3
Chapter 3: 1 16, 21 32,
Cunninghams & Pyles
Chapter 3:36
Project 1 & Test 1
3
Chapter 4
Chapter 4: 3 8, 11 29
Chapter 4:30
3
Chapter 5
Chapter 5: 1 29
Chapter 5:35
4
Open Lab
Project 2 & Test 2
5
Chapter 6
Chapter 6: 2 18
Chapter 6:19
5
Chapter 7
Chapter 7: 1 28
Chapter 7:29
Test 3
5
Chapter 8
Depr. Handout
6
Chapter 9
Chapter 9: 1 8, 10-17, Rental Handouts
Chapter 9:18
7
Open Lab
Project 3 & Test 4
8
Chapter 10
Chapter 1: 28-29,
Chapter 10: 1 28
Chapter 10:29
9
Chapter 11
Chapter 11: 1 12
10
Chapter 11 Continued,
Chapter 12 Pages 4-9
Chapter 11: 13-26,
Chapter 12: 4 7
Chapter 11:27, 29
11
Open Lab
Project 4 & Test 5
11
Open Lab
Final Project
Table of Contents:
Ch 1 - Overview of the Tax Structure
Ch 2 - Tax Determination, Payments, and Reporting Procedures
Ch 3 - Gross Income Inclusions
Ch 4 - Gross Income Exclusions and Adjustments to IncomeCumulative Problem (Chapters 1-4)
Ch 5 - Personal Itemized Deductions
Ch 6 - Other Itemized DeductionsCumulative Problem (Chapters 1-6)
Ch 7 - Self-Employment
Ch 8 - Depreciation and Amortization
Ch 9 - Rental Activities
Ch 10 - Property: Basis and Nontaxable Exchanges
Ch 11 - Property: Capital Gains and Losses, and Depreciation Recapture
Ch 12 - NOL, AMT, and Business Tax CreditsCumulative Problem (Chapters 1-12)
Ch 13 - Withholding, Payroll, and Estimated Taxes
Ch 14 - Business Entitles
Tax TablesClass Dates:
October 07, 2009 Week 1
October 14 Week 2
October 21 Week 3
October 28 Week 4 - Lab
November 04 Week 5
November 11 Week 6
November 18 Week 7
November 25 Week 8
December 02, 2009 Week 9
December 09 Week 10
December 16 Week 11
Text: Essentials of Federal Income Taxation For Individuals and Businesses - 2009 Edition
Linda M. Johnson, Ph.D., CPA & Herbert C. Sieg, MAS, CPA
Commerce Clearing House (CCH) - ISBN: 978-0-8080-1785-1
http://tax.cchgroup.com/Education/EssentialFedIncome.htm
CCH - a Wolters Kluwer business
http://www.cch.com/Essentials of Federal Income Taxation for Individuals and Business, by Linda M. Johnson and Herbert C. Sieg, features an easy-reading, straightforward forms approach that is both simple and direct without complex legal language. It introduces basic tax concepts and then fully illustrates them with clear examples and helpful filled-in forms. Organized to save time, Essentials of Federal Income Taxation builds a firm foundation on which to build students' knowledge and understanding of the tax issues which will affect them throughout their careers
1. Additional student on-line resources:
A.
Internal Revenue Service & Copy of 1913 Tax Return w/instructions PDF127Kb
B.
C.
D.
E.
E.
D.
CCH Special Report - CCH provides the industry's leading coverage of tax legislation. Bookmark this page for access to the latest legislative briefings.
Copyright © 1996 - 2009 Lloyd Cook
E-mail: lloyd.cook@nwtc.edu
BS - Managerial Accounting - UW-Green Bay.
5 year teaching certificate - Accounting/Computer Applications -
WI Technical College System
Certified Accelerated Learning Facilitator - NWTC-Green Bay
Adjunct Instructor (MS Office, Windows XP, Digital Photography, Scanners, Internet, E-mail & Web Design,
All Accounting Courses, Economics & Credit Procedures) - NWTC-Marinette
Adjunct Instructor (Managerial Accounting) - Silver Lake College, Manitowoc, WI (NWTC-Marinette Campus)
Adjunct Instructor (MS Office, Windows, Adobe PhotoShop, Internet, Web Design, & College For Kids) UW-Marinette.
Certified Web Master. Member of: National Society of Accountants International Webmasters Association (IWA)
Internet Society (ISOC) Html Writers Guild (HWG)
Last updated Sunday October 04, 2009 10:37 PM
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