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Effective: Summer 2013
ACTG 68CADVANCED TAX ACCOUNTING III3 Unit(s)

Prerequisites: Prerequisite: ACTG 67.
Advisory: Advisory: Eligibility for MATH 220 and ESLL 26.
Grade Type: Letter Grade, the student may select Pass/No Pass
Not Repeatable.
FHGE: Non-GE Transferable: CSU
3 hours lecture. (36 hours total per quarter)

Student Learning Outcomes -
  • Achieve passing SEE score of 70% (may slightly deviate as the "scaled scoring" grading system is currently used by the SEE facilitator) while demonstrating a solid understanding of fundamentals of Federal income tax law as it relates to Sole Proprietorships and Partnerships.
  • Demonstrate practical knowledge of income tax form preparation and tax compliance process as these relate to sole proprietorships and partnerships.
Description -
Current federal income tax administration and procedures and review of Enrolled Agent Exam.

Course Objectives -
The student will be able to:
  1. Follow Federal Income Tax Administration Rules and Procedures to file timely, accurate and complete tax returns.
  2. Prepare and sit for the Enrolled Agent Exam.
Special Facilities and/or Equipment -
Access to spreadsheet, word-processing, presentation, internet browser program (java-enabled), and reliable access to the internet required (when taught on the internet).

Course Content (Body of knowledge) -
  1. Recordkeeping Requirements
  2. Rules for Tax Returns Preparers
  3. Electronic Filing
  4. Powers of Attorney and Disclosure
  5. Tax Return Examinations and Appeals
  6. Tax Law and Authority
  7. Collection
  8. Provisions Circular 230
  9. Individual Retirement Arrangements
  10. Retirement Plans
  11. Exempt Organizations
  12. Review of Enrolled Agent Exam
Methods of Evaluation -
  1. Examinations
  2. Quizzes
  3. Projects
  4. Tax return preparation
Representative Text(s) -
Willis, Eugene, William Hoffman, and David Maloney. West??s Federal Taxation 2012. Mason, Ohio: South-Western, 2012.

Disciplines -
Accounting
 
Method of Instruction -
Lecture, in class or electronic discussions, group work, case studies.
 
Lab Content -
Not applicable.
 
Types and/or Examples of Required Reading, Writing and Outside of Class Assignments -
  1. Reading IRS Tax Publications and Form Instructions at http://www.irs.gov
  2. Reading California Publications and Form Instructions at http://www.ftb.ca.gov
  3. Reading the latest Federal Tax updates at the IRS website
  4. Reading the latest California Tax updates at the CA FTB website
  5. Reading Internal Revenue Tax Code and Regulations
  6. Reading of Wall Street Journal, Business Week, and Fortune