SRJC Course Outlines

12/9/2018 4:19:15 PMBAD 101 Course Outline as of Spring 2018

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  BAD 101Title:  EA - INDIVIDUAL TAX  
Full Title:  Enrolled Agent – Individual Taxation
Last Reviewed:4/10/2017

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled06 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total52.50
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total Student Learning Hours: 157.50 

Title 5 Category:  AA Degree Applicable
Grading:  Grade or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:
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This is one of a series of courses designed to prepare students to take the Internal Revenue Service (IRS) Enrolled Agent Exam. This course covers tax issues that relate to individuals which include: filing requirements, calculation for gross income, itemized deductions, tax credits, capital gains and losses, property transactions, individual retirement accounts, gift and estate taxes.

Prerequisites/Corequisites:


Recommended Preparation:
Eligibility for ENGL 100 or ESL 100 and Course Completion of BGN 81

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
This is one of a series of courses designed to prepare students to take the Internal Revenue Service (IRS) Enrolled Agent Exam. This course covers tax issues that relate to individuals which include: filing requirements, calculation for gross income, itemized deductions, tax credits, capital gains and losses, property transactions, individual retirement accounts, gift and estate taxes.
(Grade or P/NP)

Prerequisites:
Recommended:Eligibility for ENGL 100 or ESL 100 and Course Completion of BGN 81
Limits on Enrollment:
Transfer Credit:
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:Effective:Inactive:
 Area:
 
CSU GE:Transfer Area Effective:Inactive:
 
IGETC:Transfer Area Effective:Inactive:
 
CSU Transfer:Effective:Inactive:
 
UC Transfer:Effective:Inactive:
 
C-ID:

Certificate/Major Applicable: Certificate Applicable Course



COURSE CONTENT

Student Learning Outcomes:
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1. Identify and assemble the preliminary work needed to prepare tax returns.
2. Understand how IRS (Internal Revenue Service) tax code is used to determine gross income,
    deductions, adjusted gross income and required taxes.
3. Demonstrate how IRS tax code is used for non-income activities such as IRA's (Individual
    Retirement Account), property-related transactions, retirement, gift and estate taxes.

Objectives: Untitled document
Upon completion of the course, students will be able to:
 
1. Complete the preliminary work to prepare tax returns.
2. Understand and apply the IRS tax code to determine gross income from W2, partnerships,
    business, royalties, rents and other sources.
3. Understand and apply the IRS tax code to determine adjustments, allowances and losses to
    obtain the Adjusted Gross Income (AGI).
4. Examine, create and apply standard and itemized deductions, required schedules and credits to
    determine taxable income.
5. Identify and calculate required tax.
6. Examine standard and Roth IRA contributions and deductions from AGI.
7. Review and understand property sale transactions.
8. Examine basis requirements for estates and gifts.

Topics and Scope
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I. Filing Requirements
    A. Preliminary Work to Prepare Tax Returns
    B. Filing Status
    C. Filing Requirements
    D. Personal Exemptions
    E. Returns for Dependents
    F. Nonresident and Dual-Status Aliens
II. Gross Income
     A. Gross Income
     B. Interest Income
    C. Income from Securities
    D. Royalties and Rental Income
III. Business Deductions
    A. Business Expenses
    B. Entertainment and Meals
    C. Rental Property Expenses
IV. Above-the-Line Deductions and Losses
    A. Educator Expenses
    B. Health Saving Accounts
    C. Moving Expenses
    D. Self-Employment Deductions
    E. Alimony
    F. Retirement Savings (IRA) Contributions
    G. Higher Education Deductions
    H. Other Above-the-Line Deductions
    I. Loss Limitations
V. Itemized Deductions     
     A. Medical Expenses
    B. Taxes
    C. Interest Expense
    D. Charitable Contributions
    E. Casualty Losses
    F. Itemized Deductions on Separate Returns
     G. Itemized Deductions Subject to the 2% AGI Limitation
    H. Miscellaneous Itemized Deductions Not Subject to the 2% AGI (adjusted gross income)
     I. Determination of AGI
VI. Tax Credit, Other Taxes, and Payments
    A. Tax Credits
    B. Other Taxes
    C. Payments
VII. Basis
    A. Cost Basis
     B. Property Received by Gift
    C. Property Received by Services
    D. Inherited Property
    E. Stock Dividends
VIII. Adjustments to Asset Basis and Capital Gains and Losses
     A. Adjustments to Asset Basis
    B. Holding Period
     C. Capital Gains and Losses
    D. Capital Gains on Sales of Stock
IX. Business Property, Related Parties and Installment Sales
    A. Related Party Sales
    B. Business Property
    C. Installment Sales
X. Non-recognition Property Transactions
    A. Sale of a Principal Residence
    B. Like-Kind Exchanges and involuntary Conversions
XI. Individual Retirement Accounts, Gift and Estate Taxes
     A. IRA's Defined
    B. IRA Contributions and Penalties
    C. Roth IRA's
     D. Gift Taxes
    E. Estate Taxes

Assignments:
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1. Reading of text and other written material (20 to 30 pages per week)
2. Homework involving problem solving and calculation skills
3. Group case research, report, analysis, and optional presentation
4. Three to five exams, mid-term(s) and final exam

Methods of Evaluation/Basis of Grade.
Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.Writing
10 - 30%
Group case report
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
10 - 25%
Homework problems and/or group case analysis
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.Exams
30 - 60%
Exams, mid-term(s) and final exam (multiple choice)
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
5 - 15%
Participation and group case presentation (optional)


Representative Textbooks:
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Gleim Enrolled Agent Review Exam Prep Book- Part1 Individuals. Gleim, Irvin and Hasselback, James. Gleim Publications. Current Edition

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