Syllabus Rugayyah Archie ACCT 208

Syllabus Rugayyah Archie ACCT 208

Downloadable Syllabus: Acct 208 Syllabus 

 

Community College of Philadelphia

Tax Accounting - Accounting 208

Section 900 – CRN 13357

Spring 2019–Distance Learning

 

Instructor: Ruqayyah Archie MBA, MAcc 

Phone: 215-751-8056

E-mail address: rarchie@ccp.edu (expect a response within 72 hours)

Office Hours: Tuesday and Thursday 9:30 AM – 11:00 AM and 1:00 PM – 2:00 PM Main Campus B2-22C

                        Wednesday 9:00 AM – 10:00 AM NWRC

 

Course Description: This course will introduce the student to the taxation of individuals as set forth in the Internal Revenue Code. Emphasis is placed on determining of gross income, calculating adjustments to gross income, using proper standard or allowable itemized deductions, determining correct personal exemptions, calculating the total tax liability, determining available tax credits and making proper estimated tax payments.

Student Learning Objectives and Assessed Outcomes: At the conclusion of this course the student will be able to:

Identify applicable individual federal tax law statues: Assessment by homework and examination grade scores.

Summarize applicable federal tax laws under different given circumstances: Assessment by examination grades.

Prepare correct I.R.S. tax forms and schedules using tax preparation software: Assessment by correct tax return preparation.

Apply applicable federal tax law statues to solve questions, cases and problems: Assessment by homework and examination scores.

Compose client letters communicating federal tax law issues and decisions to clients: Assessment by preparation of communications.

Demonstrate using professional ethics when dealing with federal tax law issues: Assessment by homework, examination, and your adherence to college policies, procedures and guidelines.

Course Materials: McGraw-Hill: Loose Leaf format “Fundamentals of Taxation 2019, 12th Edition by Cruz, et al. including a “TaxACT” tax preparation software program - ISBN 9781260158670. Load the TaxACT program to your computer hard drive. Your tax program will need you to download updates if prompted. The Mcgraw-Hill Connect digital online registration access is http://connect.mheducation.com/class/r-archie-spring-2019 . After registering, use the same link above to sign in to Connect ebook, student resources, graded homework and examinations. Connect is included with your Barnes & Noble bookstore text purchase.

 

Access to both Community College of Philadelphia’s Canvas Learning Management System (LMS) and McGraw-Hill Connect LMS are required for this course. Students must have acess to a computer with an online internet connection.

 

Other Suggested Supplemental Resource:

IRS – http://www.irs.gov – the official website of the Internal Revenue Service (IRS)

 

Course Goal: To become proficient in ethically preparing individual tax returns correctly applying Federal tax codes, rules and procedures as dictated by interpreted current court decisions. It is important that you understand this fact: tax law affects United State businesses, investors, individuals and politics world-wide. With

U.S. individual income tax “bracketed” rates for 2016 as high as 39.6% (the highest rates for corporations is 35%) virtually every financial transaction is impacted by income tax consideration.

 

Canvas: Canvas is the internet based course Learning Management System (LMS) used at Community College of Philadelphia. Through Canvas, this instructor can post information, graded “Discussion” and announcements related to the course, and communicate with students individually and as a group. If you have used Canvas in another course, your user name and password will be what you used previously. If this is your first time using Canvas, you should go to: ccp.instructure.com and click on "New User/Don't know your password" to sign-up as a user. You user name will be your MyCCP email address WITHOUT the "@ccp.edu" extension.

Supplies: A computer with access to the internet. Must be registered for this course to get access to materials on the Canvas LMS and the McGraw Connect systems.

Communication: A great deal of communication is done electronically. Students are responsible for checking their Canvas email. Failure to check Canvas email does not excuse the student from any missed assignments, discussions, etc. Canvas is accessed using the directory listing on the MyCCP page.

Attendance: You are expected and should attend class on a regular schedule as I regularly electronically monitor attendance. You are responsible for all material covered during any absence from class. Missing the equivalent of 2 weeks of class may result in your withdrawal under College Policy #5. Please call or email me to explain your absence and to provide me with your plan to get current with course work.

Class work: To improve your chances of success in this class, all assigned class work should be completed. Class work is assigned throughout the semester for each new chapter. Being prepared for class quizzes and examinations means that you have read the involved chapters and attempted the assigned class work. Class work scores make up your course grade as noted in the “Grading” section below. Class work assignments, their start and due dates are given on Canvas LMS under the “Assignments” tab and online McGraw Hill Connect “Assignments” listings. Please remember your sign on name and password. See the “Topical Outline” below for course work assignments. To acquire a high level of confidence and proficiency, you should attempt to do your best effort in finishing the assigned class work. All graded class work is required to be an independent individual effort.

Examinations: Three tax return document preparation examinations are scheduled.

Grading:

Homework (Learn Smart Review)                   20%

Quizzes                                                           20%

Discussions                                                     10%

Examinations                                                   50%

Course Grade Reporting: The Community College of Philadelphia grading scale will apply:

A = 90 and greater average

B = 80 - 89 average

C = 70 - 79 average

D = 60 - 69 average

F = 59 and lower average

FS = Failure due to non-attendance status

I = Not granted

 

Community College of Philadelphia's Early Alert Initiative: The system positively intervenes in Community College of Philadelphia's students' academic paths early and appropriately by effectively communicating current performance and supplying information beneficial to academic success. Faculty members have the opportunity to complete Early Alert reports at 20% and 50% reporting periods during the semester. Students will be assessed on the following items: attendance, punctuality, meeting assignment deadlines, classroom behavior, classroom participation and other factors pivotal to student success. Should you receive an Early Alert letter, you should follow up on the suggested intervention strategy as soon as possible.

 

Collusion and Plagiarism: Except when specifically permitted, all work that counts toward your grade is to be done independently and must be you own work. Evidence of cheating or plagiarising will result in a possible failing course grade (F).

 

Disabilities: Accommodations will be made for those students with disabilities who provide registration documentation from the Center on Disability during the first two weeks of the semester.

 

College Policies and Procedures:

The Community College of Philadelphia has developed College Policies and Procedures to protect the rights of students and provide information and resources to enhance the student’s learning experience at the college. It is recommended that all students read and reference these documents. You may review these memoranda at the reserve book in the Library, at the Office of Vice President for Student Affairs, M2-37 or the Office of Student Activities, S1-10. You can also access the documents online at:

http://ccp.edu/college-catalog/college-policies-and-procedures

Course Conduct: It is expected that students will conduct themselves according to the guidelines found in the CCP College Policies and Procedures Article IV, 5.

Students receiving Title IV Financial Aid Funds: Students who receive Title IV financial aid funds and who withdraw from ALL their classes before completion of 60% of the term, i.e., the 10th week (or its equivalent for summer terms) may be required to return all or a portion of their financial aid award. If it is determined that funds must be returned to the financial aid programs, students must make satisfactory payment arrangements within 45 days of notification or they become ineligible for further financial aid. A student receiving financial aid is required to make progress towards his or her program of study each term. To maintain eligibility for financial aid, the course completion rate is two-thirds successful completion (67%) and maintaining minimum GPA requirements. However, academic progress standards set by Financial Aid Regulations are stricter than the College’s Academic Standards and Progress Policy. Refer to:

 

http://ccp.edu/college-catalog/college-policies-and-procedures/policy-academic-standards-and- progress for additional information about Satisfactory Academic Progress.

Tutoring: Is available by appointment in the College Learning Laboratory at no cost to the student. Feel free to take advantage of this service provided by the College. However, you may find that qualified tutors for this course may not be available. As an alternative please use course resources available on Canvas “Files” and www.irs.gov .

College Closing Policy:

Since this is an Online Education Course weather-related cancellation of classes does not apply.

Topical Outline:

Chapters                  Topics                                    Connect Assignments

1

Introduction to Taxation, Income Tax Formula, Form 1040EZ

Chapter 1 Quiz & Learn Smart Review

2

Expanded Tax Formula, Forms 1040A & 1040, Basic Concepts

Chapter 2 Quiz & Learn Smart Review

3

Gross Income: Inclusions & Exclusions

Chapter 3 Quiz & Learn Smart Review

4

Adjustments for Adjusted Gross Income

Chapter 4 Quiz & Learn Smart Review

EXAMINATION 1: Tax Return Problem 

5

Itemized Deductions

Chapter 5 Quiz & Learn Smart Review

6

Self-Employed Business Income

Chapter 6 Quiz & Learn Smart Review

7

Capital Gains & Other Sales of Property

Chapter 7 Quiz & Learn Smart Review

8

Rental Revenues, Royalties, & Income from Flow-Through Entities 

Chapter 8 Quiz & Learn Smart Review

 

Examination 2: Tax Return Problem

 

9

Tax Credits (Form 1040)

Chapter 9 Quiz & Learn Smart Review

10

Payroll Taxes

Chapter 10 Quiz & Learn Smart Review

11

Retirement & Other Deferred Plans & Annuities  

Chapter 11 Quiz & Learn Smart Review

12

Special Property Transactions

Chapter 12 Quiz & Learn Smart Review

13

At Risk/Passive Activity Loss & Alternative Minimum Tax 

Chapter 13 Quiz & Learn Smart Review

 Examination 3: Tax Return Problem

 

Course Summary:

Date Details