Fall 2022
ACCT 3350
Course Syllabus
Course Information
FALL 2022
ACCT Income Tax
Tuesday 7:00 – 9:45 PM
Room JSOM: 12.206
Professor Contact Information
Sandy Frost
Office email: sms151730@utd.edu
Office hours by appointment
________________________________________________________________________
Please read the Testing Center Guidelines that are included in this syllabus. You are
responsible to know the contents.
Course Pre-requisites, Co-requisites, and/or Other Restrictions
See Catalogue
Course Description
An introduction to the role of taxes in today's society and their impact on individuals
and business entities; emphasis on federal individual income taxation.
Learning Outcomes: The purpose of this course is to equip all students with a solid
foundation in the principles of federal income taxation.
Student Learning Objectives/Outcomes
(1) To understand and apply income tax concepts that influence decision making for
individual taxpayers, including the determination of annual taxable income.
(2) To understand the cash-method tax accounting model and federal income tax
reporting requirements, including similarities and dissimilarities to financial
accounting and reporting.
(3) To develop basic skills in accessing and analyzing primary sources including
legislative, regulatory/administrative, and judicial as used by tax professionals.
(4) To understand the ethical constraints applicable to tax return preparation and
tax advisory services, emphasizing the AICPA Statements on Standards for Tax
Services.
Course Syllabus
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Fall 2022
ACCT 3350
Required Textbooks and Materials
Mandatory
Required Texts & Materials Murphy, Higgins & Skalberg, Concepts in Federal Taxation
(Cengage, 2022 Ed.) [electronic publisher resources not needed].
No online Cengage content will be used – just the text book, items posted in elearning or
various articles where I have provided the link.
You have the option to purchase access to your book through Cengage Unlimited—a digital
subscription service. You can purchase access to Cengage Unlimited in the bookstore or at
www.cengage.com.
REMINDERS FOR STUDENTS
 What to purchase: You should NOT purchase BOTH individual course materials AND a
Cengage Unlimited subscription—only ONE purchase is required. Cengage Unlimited is
typically the best value.
 Start at the bookstore: Check the bookstore first when purchasing Cengage Unlimited. If
it’s not sold there, it can be purchased at cengage.com/unlimited.
 When digital is required: You will get free trial access to both the digital product in use for
your course and Cengage Unlimited.
 Financial aid: You can purchase Cengage Unlimited with financial aid through the
bookstore.
 Print books: For every Cengage digital course activation (i.e. MindTap, WebAssign, OWL,
SAM, CengageNOWv2, etc.) within Cengage Unlimited, you will be offered a print
rental—they pay just $7.99 + free shipping. Print rentals can be redeemed only within
Cengage Unlimited and shipped direct to you. Alternatively, discounted looseleaf options
will be made available if you are enrolled in digital products.
Academic Calendar
#
Date
Topic
Notes/Articles
Sources of Federal Income Tax Law https://www.irs.gov/newsroom/understanding-irsguidance-a-brief-primer
1
8/22
Introduction
Chapter 1 Criminal Investigations Press Releases: https://www.irs.gov/compliance/criminalinvestigation/criminal-investigation-press-releases-current-year
Assignment of Income: https://www.calt.iastate.edu/article/assignment-income-doctrinenabs-iowa-farmer
2
8/29
Chapter 2
Course Syllabus
Arm’s Length Transaction: https://www.irs.gov/charities-non-profits/private-
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Fall 2022
ACCT 3350
foundations/self-dealing-by-private-foundations-sales-or-exchanges-of-property
Claim of Right: https://www.irs.gov/pub/irs-drop/rr-04-29.pdf
3
9/12
Chapter 3
4
9/19
Chapter 4
5
9/26
Review
6
10/3
7
10/10
8
10/17




unemployment-compensation
economic-impact-payment
tax-due-when-money-is-in-your-hands
Fortnite-gamers
Review for Test 1/ Project #1
Test 1 in the testing center
Chapter 5
https://www.irs.gov/publications/p535
Chapter 6
https://www.extension.iastate.edu/smallfarms/despite-guidance-lots-questions-remainregarding-rental-income
https://www.journalofaccountancy.com/issues/2003/jul/deductibilityofbusinessaircraft.html
https://www.nixonpeabody.com/en/ideas/articles/2011/06/21/denial-of-tax-deductions-onpublic-policy-grounds
https://www.irs.gov/newsroom/know-the-tax-facts-about-renting-out-residential-property
9
10/24
Chapter 7
and 8
https://news.bloomberglaw.com/daily-tax-report/senate-report-gives-boost-to-bill-reiningin-land-tax-shelters
Review for test
10
10/31
Chapter 9
and review
https://www.irs.gov/newsroom/eitc-awareness-day-critical-tax-credit-provides-a-significantrefund-boost-to-millions
Test 2 during
the week
https://www.irs.gov/newsroom/irs-increases-visits-to-high-income-taxpayers-who-haventfiled-tax-returns
https://www.irs.gov/newsroom/irs-finalizes-regulations-for-100-percent-bonus-depreciation
11
11/7
Chapter 10
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-to-farmers-on-uniformcapitalization-rules
https://www.irs.gov/newsroom/heres-the-411-on-who-can-deduct-car-expenses-on-theirtax-returns
Course Syllabus
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Fall 2022
ACCT 3350
https://www.kiplinger.com/taxes/602195/do-i-have-to-pay-taxes-on-gains-from-stocks
12
11/14
Chapter 11
https://www.irs.gov/taxtopics/tc409
13 11/28
14
12/5
12/12
Chapter 12
and 13
Review and
Project 2
Final
________________________________________________________________
Grading Policy
Maximum
Points
1.
2.
3.
Two Tests (100 points each)
Final Exam
Two Projects (50 points each)
200
100
100
TOTAL POINTS
500
Final Grades Each student’s final letter grade for the course, based on their final
numeric score, will be determined using the following scale:
Score
97-100
93-96
90-92
87-89
83-86
80-82
77-79
73-76
70-72
67-69
63-66
60-62
Less than 60
Course Syllabus
Grade
A+
A
AB+
B
BC+
C
CD+
D
DF
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Fall 2022
ACCT 3350
Note: Make-up Exams Only in extremely rare circumstances and in my sole discretion.
Recording Prohibited:
Any form of electronic recording of class sessions is absolutely prohibited. Violation of this policy
will be treated and reported as a violation of the Student Code of Conduct, UTDSP5003.
Class Attendance:
Attendance as such is neither recorded nor rewarded. Lack of attendance, however, predictably
will have a seriously adverse impact on a student’s final grade.
Assistance from the Tutoring lab for Accounting/Tax:
The Lab is located in JSOM 12.104
Please review the mandatory university syllabus information via the link below
https://provost.utdallas.edu/syllabus-templates
Course Syllabus
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