Business 209 Fundamentals of Income Tax
Business 209, Fundamentals of Income Tax, 4 Semester Credit
Hybrid Course: Monday 6:00 – 7:50 (2 Hrs. Lecture) (2.0 Hrs. On-Line)
Business 209 Home page site: https://online.peralta.edu/spring2012/
Use the link below to access additional course materials:
Instructor: Mrs. Olive, Accounting/Tax Instructor
Email: rolive@peralta.edu Phone: #510-748-2322; Office Room: D227A;
Welcome to Business 209, Fundamentals of Income Taxat COA! I am looking forward to getting to know each of you this term and helping you succeed in this course, in the College, and in your career.
Course Description:
This course emphasizes an analytical and a conceptual approach to the preparation of basic Federal and California income tax for individuals. This course covers the taxation of individuals for the 2011 tax year.
Topics of study will include:
An overview of the individual/corporate/partnership tax structure, tax determination/reporting procedures, gross income inclusions and exclusions, standard and personal itemized deductions, depreciation, etc….
If you are interested in learning how to prepare tax returns, including your own, this class will help you solve actual tax problems.
Student Learning Outcomes:
At the end of this course, students are expected to: demonstrate through group discussions, group exercises, individual and group quizzes, individual examinations and written assignments both on line and in class the following:
- Describe the difference between gross income inclusions and gross income exclusions.
- Explain and discuss various Federal income tax credits, deductions.
- Compose a Federal and State income tax returns.
Required Textbook:
Essentials of Federal Income Taxation for Individuals & Business,
2012 Edition Linda M. Johnson, Author
Other Text Resources:
Publication 17 and California State Publication 540/540A — tax year 2011.
Course Grade Determination:
Course letter grade is based on points earned. Points will be assigned upon distribution of the following:
· Midterms—On-line and In-Class
- Individual Projects—Preparing Various Tax Returns
- CCH Study Mates
- On-Line and In-Class Final Examination
Attendance:
In class lectures are mandatory. You are responsible for knowing all scheduling and grading procedures you missed while absent. It is your responsibility to drop this course within the deadline drop dates.
Course Policies:
- In class lectures are essential to your success in the course.
- Prior to entering the classroom, please turn off all electronic devices.
- NO make-up for missed bonus points or midterms unless authorized by instructor.
- Project(s) submitted after the due date will not receive full credit.
- Up to 25 points deducted for all exams submitted after the assigned due date.
- An automatic “F” will be assigned to projects, exams, and study mates when cheating or plagiarism occurs—I will not discuss the circumstances or revise the “F” grade.
Campus Resources:
- I encourage you to use the English and Math lab in the Learning resource center located in the campus library– 2nd floor. Help is available for reading comprehension, writing paragraphs, taking notes, and other college study skills.
- Review the COA student handbook—available in Student Service Center.
- “If you have a disability which may require classroom or test accommodations, please contact Programs and Services for Students with Disabilities (DSPS) in Room D117 or call DSPS at 510-748-2328. You will need to provide written documentation of your disability. If you think you have a disability but currently have no documentation, DSPS may be able to help you. All information will be kept confidential.”
- “This document is available in alternate format upon request. Please contact DSPS at 510-748-2328.”
Hybrid Course Define:
Hybrid means 50% face to face instruction and 50% online reading, online research, online projects, online study mate assignments, and various percentages for online exams. In class instruction will highlight key points of each chapter, complete individual/group handout problems, and review suggested homework problems. Exams are administered online and in class.
Before you take an Online or Hybrid class, there are things you need to know.
Use the following website to access the Online or Hybrid Orientation:
https://www.eperalta.org/orientation/
The orientation will cover the following topics:
- Some things you need to know to take an Online Class at Peralta
- How to locate your Online Class
- How to use your Email at Peralta
- How to determine if you are ready to Learn Online
- Is your computer ready?
- Frequently asked questions and how to get help
To access the Spring 2012 Business 209 home page follow the below instructions
LOGIN INSTRUCTIONS
Website (https://online.peralta.edu/spring2012/
Your login details are:
Username = your PASSPORT Username all in lowercase
Password = your Student ID Number
For example, a student named Homer Simpson with a student ID number of 12345678 will login using:
Username: hosi5678
Password: 12345678
If you need to check your student ID number, follow these steps:
- Login to PASSPORT and click on Student Center on the left of the screen.
- Scroll down to Personal Information and click on Demographic Data.
- On the next screen, the very first line (above Gender) says ID and the 8-digit number to the right of it is your student ID number.
To access a course on this website, you must have it added to your class schedule in PASSPORT. Students May Register Now for Spring 2012 classes at https://passport.peralta.edu through your PASSPORT Student Center. Please update and set a preferred email address in your PASSPORT Student Center.
For student support please contact online@peralta.edu
How Study MATE Courses Relate to Your Textbook
| CHAPTER IN CCH FEDERAL TAXATION: COMPREHENSIVE TOPICS |
FOR A MORE DETAILED DISCUSSION OF CHAPTER TOPICS AND SELF-TESTING QUESTIONS, SEE: |
| 1 |
Introduction to Federal Taxation and Understanding the Federal Tax Law |
- Federal Income Taxation—An Overview
|
| 2 |
Tax Research, Practice and Procedure |
- Federal Tax Practice and Procedure
|
| 3 |
Individual Taxation—An Overview |
- Federal Income Taxation—An Overview
|
| 4 |
Gross Income |
|
| 5 |
Gross Income—Exclusions |
|
| 6 |
Deductions: General Concepts and Trade or Business Deductions |
|
| 7 |
Deductions: Business/Investment Losses and Passive Activity Losses |
- Deductions for Losses and Bad Debts
|
| 8 |
Deductions: Itemized Deductions |
- Deductions for an Individual’s Personal and Investment Expenses
|
| 9 |
Tax Credits, Prepayments, and Special Methods |
- Income Tax Credits
- Alternative Minimum Tax
|
| 10 |
Property Transactions: Determination of Basis and Gains and Losses |
- Calculating Gain or Loss Realized from a Disposition of Property
|
| 11 |
Property Transactions: Nonrecognition of Gains and Losses |
- Nonrecognition of Gain or Loss from a Disposition of Property
|
| 12 |
Property Transactions: Treatment of Capital and Section 1231 Assets |
- Characterization of Gain or Loss from a Disposition of Property
|
| 13 |
Tax Accounting |
|
| 14 |
Taxation of Corporations–Basic Concepts |
- Organization and Income of C Corporations
|
| |
Chapter in CCH Federal Taxation: Comprehensive Topics |
For a more detailed discussion of chapter topics and self-testing questions, see: |
| 15 |
Corporate Nonliquidating Distributions |
- Distributions by C Corporations to Their Shareholders
|
| 16 |
Corporate Distributions in Complete Liquidations |
- Distributions Liquidating a C Corporation
|
| 17 |
Corporate Reorganizations |
- Reorganization of a C Corporation
|
| 18 |
Accumulated Earnings and Personal Holding Company Taxes |
- Accumulated Earnings and Personal Holding Company Taxes
|
| 19 |
Partnerships—Formation and Operation |
- Partnerships—Formation and Operation
|
| 20 |
Partnerships—Distributions, Sales and Exchanges |
- Partnerships—Distributions to Partners and Sales of Partnership Interests
|
| 21 |
S Corporations |
|
| 22 |
Federal Estate Tax, Federal Gift Tax and Generation-Skipping Transfer Tax |
- Estate Tax
- Gift Tax
- Generation-Skipping Transfer Tax
|
| 23 |
Income Taxation of Trusts and Estates |
- Income Taxation of Trusts, Estates, and Their Beneficiaries
|
| 24 |
Deferred Compensation and Education Planning |
- Qualified and Nonqualified Retirement Plans (Including IRAs)
- Education Savings Plans and Other Tax Breaks For Educational Expenses
|
| 25 |
Multijurisdictional Taxation: International and State and Local Transactions |
- Multijurisdictional Taxation: International and State and Local Transactions
|
