SRJC Course Outlines

7/21/2019 6:10:25 AMBAD 59 Course Outline as of Fall 2019

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  BAD 59Title:  FEDERAL INCOME TAX LAW  
Full Title:  Federal Income Tax Law
Last Reviewed:3/28/2016

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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Current Federal Revenue Act as applied to individuals. Includes filing of returns, income items and adjustments, itemized deductions, capital, and other gains and losses.

Prerequisites/Corequisites:
Course Completion of BAD 1 OR Course Completion of BBK 51


Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Current Federal Revenue Act as applied to individuals. Includes filing of returns, income items and adjustments, itemized deductions, capital, and other gains and losses.
(Grade or P/NP)

Prerequisites:Course Completion of BAD 1 OR Course Completion of BBK 51
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;
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:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:Effective:Inactive:
 
C-ID:

Certificate/Major Applicable: Certificate Applicable Course



COURSE CONTENT

Student Learning Outcomes:
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Students will be able to:
1.  Analyze, record, summarize, and report the effects of transactions related to tax accounting and interpret the accounting information for internal or external decision making purposes.
2.  Prepare personal tax returns demonstrating knowledge of tax rules, tax research sources, and tax forms.
3.  Use computer technology applications such as Word, Excel, or PowerPoint to complete assignments.

Objectives: Untitled document
Upon completion of the course, students will be able to:
1.  Analyze and apply Internal Revenue Code to variety of tax situations.
2.  Demonstrate an understanding of current and historical tax concepts in America.
3.  Demonstrate an understanding of the various operations of the IRS [Internal Revenue Service].
4.  Apply appropriate federal tax code in various situations.
5.  Prepare personal tax returns using tax rules, tax research sources, and tax forms.

Topics and Scope
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I. History and rationale of the Internal Revenue Code
    A. Early Periods
    B. Revenue Act
     C. Historical Trends
II. Overview of basic tax concepts, legal and accounting concepts
    A. Tax Structure
    B. Major Types of Taxes
     C. Tax Administration
    D. Understanding Federal Tax Law
III. General and specific meanings of gross income
    A. Gross Income
    B. Years of Inclusion
    C. Income Sources
     D. Gross Income Exclusions
IV. Deduction categories
    A. Itemized Deductions
     B. Timing of Expenses
     C. Reporting Procedures
V.  Accounting for gains and losses
    A. Special treatment accorded capital assets
    B. Property Transactions
     C. Tax-free exchanges
VI.  Methods of reporting income and deductions
    A. Cash basis
    B. Accrual basis
    C. Installment method
VII.  Requirement for filing a return, rates of tax, computation systems

Assignments:
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1.  Textbook reading of approximately 20 to 30 pages
2.  Sample tax problems
3.  Written reports
4.  4 to 6 quizzes, mid-term, and a 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
40 - 50%
Written analyses, summaries, and reports
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
5 - 10%
Tax computation problems
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
40 - 50%
4 to 6 quizzes, mid-term, and a final exam
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 0%
None


Representative Textbooks and Materials:
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Individual Income Taxes, by Hoffman, Smith and Willis; West/SouthwesternPublishing, current edition (annual)

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