Course Description
A study of the legal and accounting aspects of federal taxation with an emphasis on individuals and unincorporated businesses.
Rationale
This course will provide the necessary tools in order to analytically understand ramifications of decisions that are made by individuals and the tax implications that result from the decisions that individuals and unincorporated businesses make.
I. Prerequisite
ACCT 212
II. Required Resource Purchase
Spilker, B., Ayers, B., Robinson, J., Outslay, E., Worsham, R., Barrick, J., & Weaver, C. (2015). Taxation of individuals and business entities with connect plus (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780077726119.
Disclaimer: The above resource provides information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in this resource.
III. Additional Materials for Learning
A. Computer with basic audio/video output equipment
B. Internet access (broadband recommended)
C. Microsoft Office
IV. Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
A. Evaluate various tax credits, exclusions, deductions, and losses (including passive activity losses) for both the individual and self-employed individual.
B. Evaluate the Alternative Minimum Tax mechanism.
C. Prepare a completed tax return for an individual.
D. Apply biblical principles to the field of taxation.
V. Course Requirements and Assignments
A. Textbook readings and lecture presentations/notes
B. Course Requirements Checklist
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.
C. Group Discussion Board Forums (4)
There will be 4 Discussion Board Forums throughout the course. The purpose of Discussion Board Forums is to generate interaction among students in regard to relevant, current course topics. The student is required to post 1 thread of at least 500 words. The student will then post replies of at least 250 words each to 2 other classmates’ threads.
D. Connect Plus Homework (4)
In every other module/week, the student will be assigned homework to complete in Connect Plus. At the end of the assigned modules/weeks, Connect Plus will automatically grade all of the assignments, and the instructor will then download the results and place the scores within Grade Center.
As a reminder, all homework is conducted in Connect Plus, not in the textbook (though the homework is based off of the material in the textbook). In addition, Connect Plus may be accessed outside of Blackboard; therefore, any potential Blackboard outages are not grounds for Connect Plus homework deadline extensions. Save the link provided by the instructor before the course begins for future reference.
In order to gain access to Connect Plus, the student may either purchase the textbook listed above with the access code, or purchase the access code separately by contacting the course instructor. The course instructor will provide the student with the access code during the week before the course begins, along with specific instructions for registering.
E. Comprehensive Problem
The student will complete a
