MIAMI DADE COLLEGE
Course Outline
Course Title:
Income Tax / Income Tax Accounting
Term:
Fall 2012-1
Course Number:
Tax 2000
Text:
Fundamentals of Taxation 2012 and TaxAct 2012 by Cruz, Deschamps,
Niswander, Prendergast, Schisler, Trone
McGraw-Hill-Irwin / Publisher
Contact Info:
(305) 237-8753, Office Hours: As scheduled or by Appointment
Email: gdanzig@mdc.edu,
Instructor:
Prof. Danzig, Masters Degree in Business Administration from Rutgers
University. Corporate Financial & Tax Consultant, Bankruptcy Court Expert
Witness.
Room No.:
1322 T: 5:40 pm - 8:10 pm
Course Objective: Federal income tax fundamentals with emphasis on following topics:
 Introduction to Personal Income Tax.
 Tax Formula / Expanded Tax Formula
 Gross income and exclusions, capital gains and losses, deductions and
exemption, and tax credits that include child tax credit, earned income
credits and others.
 Adjustments for adjusted gross income
 Business expenses and retirement Plans.
 Self employed and employee expenses Schedule C, travel, office in the
home, entertainment, etc.
 Itemized Deductions and other incentives such as medical expenses,
taxes, interest, contributions, casualty and other miscellaneous
 Tax Credits and Special taxes
 Capital gains and Losses
 Rental Properties and Royalties
The intention of this course is to build on later in your personal and possibly professional career by
taking more advanced courses along you’re your life experience. Remember
taxes is an ever changing field; therefore individuals as well as professionals
will always have to keep up with current tax laws change (new laws are added,
some are deleted and figures are adjusted for inflation at both the personal and
business level). Emphasis is placed in practicing returns. The use of computers
to research laws and obtain forms through the Internet will be emphasized. You
will be required to access the IRS Home page website at www.irs.gov.
Increasing your knowledge and use of computer technology will assist you in
both your personal and professional life. (General Education Outcome #8)
(Please see below other General Education Outcomes Associated
with this Course).
Course Activities: The material presented in the text requires adequate reading and extensive
practice of the problems presented at the end of each chapter. Students are
expected to read the chapter material and attempt the problems before each
class if they expect to actively participate in reviews and discussions. Valuable
time will be lost if class time is used for reading the chapter instead of reviewing
Home Work:
the chapters. It is imperative that students attend all class session in order that
they may receive the full benefit of this course.
Homework assignments (to be assigned at the end of each class) will be
reviewed in class and inspected and collected on the day of the exam.
The following rules apply to all homework. No Exceptions
1) Homework must have your name and date.
2) Must attach Certificate of Authorship (COA) with all your work. Please see
the attached COA.
3) No late would be accepted.
4) No loose pages would be accepted and must be turn in a good presentable
form to earn the full grade.
In case of absences, it is the student’s responsibility to find out what
homework has been assigned for the day he or she returns to class. In
other words, even if you miss a class, you are still responsible for all
assignments. The student may be dropped from the course for excessive
unexcused absences. If a student misses more than 50% of the classes; their
final grade will be lowered by a full letter grade.
Grading Criteria:
80%-of your grade is based on the average of three tests during the term and
one final exam at the end of the term. The final is comprehensive and
mandatory. Your lowest grade among the three regular tests will be drop. If you
miss a test, that will be your lowest grade.
20%-of your grade is based on class participation, homework and attendance
and attitude.
Grading Scale:
90% - 100% = A, 80% - 89% = B, 70% - 79% = C, 60% - 69% = D
0% - 59% = F
Material by Exams: Test #1-Chapter 1-3,
#2-Chapter 4-6,
#3-Chapter 7-9
The Final Exam is required for Chapters 1 thru 13
(Concentrating on 10 thru 13)
Classroom Policy:
No late work will be accepted.
No food or drink permitted in the classroom.
Use of cellular phones and beepers not permitted in the classroom.
Academic Dishonesty / Social Responsibility: (General Education Outcome #6)
Academic Dishonesty is defined as an action inconsistent with the ethical
standards of Miami Dade College. Academic dishonesty includes the following
actions, as well as other similar conduct aimed at making false representation
with respect to a student’s academic performance. The following are some
examples of Academic Dishonesty:
A) Cheating on an examination.
B) Collaborating with others in work to be presented, if contrary to the stated
rules of the course.
C) Plagiarizing, including the submission of others ideas, work or papers
(whether purchased, borrowed, or otherwise obtained) as one’s own.
D) Submitting, if contrary to the rules of a course, work previously presented in
another course.
E) Knowingly and intentionally assisting another student in any of the above
actions, including assistance in arrangement whereby any work, classroom
performance, examination, or other activity is submitted or performed by a
person other than the student under whose name the work is submitted or
performed.
General Education Outcomes:
1) Communication – An open line of communication is critical in all areas of your life;
whether school, work or home. The only “bad” question is the one you do not ask.
2) Numbers/Data Analysis - Whether you realize it or not, numbers are everywhere-from
the calorie content of your favorite soda, to the popularity polls of presidential candidates. All
students should be able to process, understand and accurately analyze numerical data.
3) Creative/ Critical Thinking – In the business world one must be able to analyze the
numbers or general information you working with to project budgets and sales for future
periods.
4) Information Literacy - Do you consider "Wikipedia a primary source of information? By
the time you graduate, you'll know the pros and cons of information in internet resources and
be able to rate information sources based on their relevance and accuracy.
5) Global, Cultural, & Historical Perspectives – For a business to be successful it must be
able to look at financial projections and understand what outside influences there might be.
Knowing that a products success can be affected by the aforementioned categories gives a
business a head start on fulfilling customers’ needs and wants.
6) Social Responsibility - John Donne said, "No man is an island." Everything you do and
say has an impact on those around you. While at MDC, you'll develop skills to fulfill not only
your personal responsibilities, but also your roles as a citizen and member of a global
community.
7) Ethical Thinking & Social Responsibility - It is not just a matter of how you interact with
other individuals; but it also is how you act ethically and morally in a business situation. You
must consider what the “best” overall is; this may not necessarily be what is the best for only
yourself.
8) Computer / Technology Usage -You can probably surf the net and send e-mails already,
but there are many other powerful tools at your fingertips. Before you graduate, you will learn
how to use word processing, spreadsheet, database, and presentation programs.
Class Schedule
Week 1
Course Introduction
Chapter 1
Week 2
Chapter 2
Week 3
Chapter 3
Exam 1
Week 4
Chapter 4
Week 5
Chapter 5
Week 6
Chapter 6
Exam 2
Week 7
Chapter 7
Week 8
Chapter 8
Week 9
Chapter 9
Week10
Chapter 10
Exam 3
Week 11
Presentations
Week 12
Chapter 11
Week 13
Chapter 12
Week 14
Chapter 13
Week 15
Chapter 14
Week 16
Internet Projects
FINALS WEEK
Required Final
COURSE OUTLINE SUBJECT TO CHANGE AS NEEDED!