AC256113: Federal Income TaxesAC256113: Federal Income Taxes

Professor _______Professor _______Unit 1 SeminarUnit 1 Seminar

Course DescriptionCourse Description

• .• This course introduces students to the procedures to

decipher tax information on an individual federal tax basis. Basic concepts in federal income taxation are explored, including gross income, exclusions, adjusted gross income, deductions, exemptions, and credits. Introductory tax concepts including cash and accrual methods, like-kind exchanges, and passive loss rules are covered. Additionally, students will familiarize themselves with a tax software package and will explore the tax software's use in generating a tax return.

Course ObjectivesCourse Objectives

• By the end of this course, you should be able to:• Use the IRS website and other tax-related internet sites for tax

research • Use tax tables to calculate individual tax deductions • Apply tax concepts to real world examples • Analyze proposed tax legislation • Prepare an individual Federal Tax return using a tax software

package • General Education Outcomes: In addition, the following General

Education outcomes are assessed during this course:• 1. Demonstrate college-level communication through the

composition of original materials in Standard American English• 2. Apply ethical reasoning to ethical issues in tax reporting

TextbookTextbook

• Textbook Information• Title: Income Tax Fundamentals, 2010 Edition

Author(s): Gerald E. Whittenburg ISBN: 1-4390-4409-0

Grading ScaleGrading Scale

Total Points Letter Grade Percentage

930-1000 A 93-100%

900-929 A- 90-92%

870-899 B+ 87-89%

830-869 B 83-86%

800-829 B- 80-82%

770-799 C+ 77-79%

730-769 C 73-76%

700-729 C- 70-72%

670-699 D+ 67-69%

600-669 D 60-66%

0-599 F 0-59%

Course ActivitiesCourse Activities

• Discussion Boards• Homework Assignments• Quizzes• Final Exam

Discussion Grading CriteriaDiscussion Grading Criteria

The Discussion Board Requirement:• Students are to post a minimum of three posts

per unit. One initial response and two replies to their classmates

• Posting on a minimum of three different days, for example: Wednesday, Friday and Monday

• The first post must be made by Saturday.

Online Communication GuidelinesOnline Communication Guidelines

A Few Rules of Thumb• Never post a message that is in all capital letters

-- it comes across to the reader as SHOUTING!• Always practice good grammar, punctuation, and

composition. This shows that you've taken the time to craft your response and that you respect your classmates' work.

• Be respectful and treat everyone as you would want to be treated yourself.

• Use spell check!

Homework AssignmentsHomework Assignments

• Homework assignments are due on Tuesday at the end of each unit.

• Excel homework templates are located in doc sharing for your convenience.

Instructor Contact InformationInstructor Contact Information

• Professor _______• Email: • AIM Screen Name:• Office Hours:

Questions???Questions???