Taxation II – ACCT 412

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

The second course in a two-course sequence dealing with corporate income taxes, taxes on corporate distributions, other corporate tax levies; partnership information, operation and special issues; corporations, gift and estate taxes; the income taxation of trusts and estates; and IRS administrative procedures.

Prerequisites

ACCT 401

Rationale

A foundation course in taxation designed for accounting and business students as part of an integrated business education. This course will complete the foundation begun in Taxation I (Taxation of Individuals) by providing the student with the basic concepts and tax attributes related to alternative forms of operating a business.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate biblical principles within the field of taxation.
  2. Analyze taxpayer situations and discern the relevant tax issues.
  3. Prepare a completed tax return for corporations, partnerships, gifts, trusts, and estates.
  4. Discuss how tax laws and policies influence the behavior of taxpayers.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Forums (4)

There will be 4 Group Discussion Board Forums throughout the course. For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. The purpose of the Group Discussion Board Forums is to generate interaction in regard to relevant, current course topics. The student is required to post a thread of at least 500 words. The student will then post 2 replies of at least 250 words.

Connect Homeworks (4)

In every other module/week, the student will be assigned homework to complete in the Connect digital learning environment. At the end of the assigned modules/weeks, Connect 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, not in the textbook (though the homework is based off of the material in the textbook). In addition, Connect may be accessed outside of Blackboard; therefore, any potential Blackboard outages are not grounds for Connect homework deadline extensions. Save the link provided by the instructor before the course begins for future reference.

Comprehensive Problem

The student will complete a Comprehensive Problem from the textbook. The problem must be submitted as a PDF file using a tax software of the student’s choosing, provided it is able to be attached as a PDF file.

Exams (4)

There will be 4 Exams in this course. Each exam will be open-book/open-notes, contain 40 multiple-choice and true/false questions, and have a 2-hour and 30-minute time limit.