CSUDH - College of Business and Public Policy
SYLLABUS ACC. 333, Federal Income Taxation I
Spring 2016 (draft 1-15-2016)
Day/Time
Monday/Wednesdays
Instructor:
Office Location:
Office Hours:
Phone Number:
E-mail Address:
Website:
Sec.
(01)
Time
10:00 - 11:15 a.m.
Room
SBS B-140
Class #
22299
Richard Malamud
SBS C-311
Mon. & Wed. 8:15-9:45 am and by appointment
(310)-243-2239
RMALAMUD@CSUDH.EDU
http://www2.csudh.edu/rmalamud/333.htm
Catalog: Federal income tax –individuals & sole proprietorships.
Prerequisite: ACC 230
Catalog Issues: You are responsible for all issues addressed in the catalog including,
but not limited to, add and drop dates, policy against plagiarism, cheating, etc.
Disabled Students Services: Students with verified disabilities are eligible for a variety
of support services from the Disabled Services Office. Information regarding special
facilities and services available to students with a disability may be obtained from the
Director of Disabled Student Services Office, Welch Hall B 250. Phone: (310) 243-3660 –
voice (310) 243-2028 - TDD
Required Textbook: Prentice Hall’s Federal Taxation 2016,
Comprehensive, ISBN- 0-13-410437-4 ISBN-13:978-0-13-410437-9
Edition: 29 by Rupert, Pope and Anderson. You can use the individual
book, but for a couple dollars more, you can use the comprehensive
version also for Acc. 433 if you take it.
Alternatives - if you can’t afford the textbook there are some alternatives
that aren’t as good as the textbook but cover most of the same materials
(but are not up to date)
1. A prior year version of the same book (2015 or 2014), individual or comprehensive
2. IRS Pub. 17 – http://www.irs.gov/pub/irs-pdf/p17.pdf ($ 0),
3. CCH U.S. Master Tax Guide 2016 or 2015 - ($10 - $87.00)
Course Goal: To introduce concepts of federal income taxation of individuals.
Student Leaning Objectives
1. Identify what goes into taxable income formula, 2. Differentiate between the filing
status and exemptions, 3.
Identify and calculate the personal and dependency
exemptions, 4. Calculate taxpayer’s gross income, adjusted gross income and taxable
income, 5. Calculate the proper depreciation deduction, 6. Identify the proper tax forms
for various income or deductions and calculations, 7. Identify the proper court to bring a
refund action, 8. Prepare a basic income tax return
Drops: It is the student’s responsibility to drop the class, even if you don’t attend class.
Expectations: You are expected to read the assigned material prior to class. The
university standard is 2 hours of outside work for every class hour.
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Attendance Policy: You are not required to attend, but it is highly recommended.
Academic Integrity: Cheating or plagiarism is subject to possible discipline as provided
in Sections 41301 through 41304 of Title 5, California Code of Regulations and as listed
in the CSUDH University Catalog.
Computer/Information Literacy Expectations for Students enrolled in this class:
Students in this class are expected to: 1) use the university email system (Toromail), 2)
use Blackboard to get handouts, 3) take the tests online using BlackBoard. If you don’t
have access to a computer, please use one in the labs at CSUDH. 4) Prepare a tax
return with Word or Excel or both.
Due Dates: Except for unusual cases, there will be no make ups for tests. Dates will be
announced in class. If you are not in class, you are responsible for finding out about test
dates.
THIS IS NOT AN INTERNET OR ONLINE COURSE!
Grading:
There will be four 35 question multiple choice Black Board exams. Each question will
count as one point. There will also be two tax returns. They will extra credit, between 1
and points each. In formation will be given in class only – no emails.
The class grade will be based on a curve to prevent group test taking and cheating.
Scores, information and Tests will be on Blackboard:
All test scores will be on Black Board. Anyone who wants information about their grades
should see me during office hours or before or after class.
Why you are prohibited from working together on tests - If I find out that you worked
together, you will receive a 0 and that test will not be dropped, plus possible cheating
consequences based on University Policy. Your grade is based on a class curve. So, if
you give answers to another student, that will hurt your grade as the curve will adjust up.
There is no backtracking to avoid cheating (working together). Tests questions will be
random, one at a time, everyone gets the same questions.
Memo: None at this time. I reserve the right to add up to two if students don’t participate
in class.
Exams/Tests: All exams will be on Black Board, multiple choice 35 questions. Tests are
one hour open book but you will be given at least 75 minutes to complete the test.
Please make sure you take the test on a good computer with good Internet connections.
Test BlackBoard compatibility in advance.
Tests may be curved so they are about equal to each other (either up or down). The
actual dates of the exams will be announced in class. Late tests will only be allowed for
medical or other emergencies communicated on a timely basis before we go over the
exam answers in class. It is your responsibility to make sure you have Black Board
access and can run the test software.
Attendance: This is not an online. It is a regular course with online tests. You should
attend. Test and test dates will be announced in class. You are responsible to
find out these dates. I may not respond to emails requesting the dates of the
exams. Emailing for the.
Drop: You can drop one test, but must take all four tests in order to drop one.
Class Participation: I reserve the right to give up + or - of up to 5 points; but this is rare.
2
Grading Curve: The grades will be ranked. The goal is a class curve with an average
GPA of about 2.5 to 2.9 depending on the quality of the work. The grade will be a
curve based on the performance of the class. If I teach two sections, the curve
will be based on both classes.
Additional Information: Hints for a better grade: Classroom time will be used to
reinforce and clarify what you have already tried to learn before coming to class.
You are not expected to understand everything assigned, but you are expected to
have read it. You should:
1) do all of the assigned reading before class and take the quizzes,
2) attend class, listen, take notes, participate, and ask questions.
Late Exams: See Above
Emails: You are responsible for emails sent via Black Board to the campus email
account. Please forward the campus Toro Mail (gmail) if you don’t check it
regularly.
Textbook Chapters: - Table of Contents Individuals
Test 1 Chapter 1:
An Introduction to Taxation
Chapter 1:
Middle of the book - Tax research
Chapter 2:
Determination of Tax
Chapter 14:
Special Tax Comp. Methods, Tax Credits, and Payments of Tax
Test 2 Chapter 3:
Chapter 4:
Test 3 Chapter 7:
Chapter 6:
Test 4 Chapter 10:
Gross Income: Inclusions
Gross Income: Exclusions
Itemized Deductions
Deductions and Losses
Depreciation, Cost Recovery, Amortization, and Depletion
Chapter 9:
Employee Expenses and Deferred Compensation
Chapter 5:
Property Transaction: Capital Gains and Losses
Chapter 8:
Losses and Bad Debts
Chapter 12:
Property Transactions: Nontaxable Exchanges
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Class Schedule - subject to change:
ALL TEST DATES ARE SUBJECT TO CHANGE
Detailed Class Schedule: (subject to change)
Homework problems (in class problems) will be discussed in class. They are not turned in.
Except for the research and tax return problems, homework will not be collected. Tax returns
dates and assignment to be determined in class. See details about the exams on BlackBoard
above.
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CHAPTER 2 FLOWCHART SUMMARY- Copied by permission but I can’t remember from
who.
5
Filing 2015
Standard
Deduction
Personal
Exemption
Single
$
6,300 $
4,000
Joint
12,600
8,000
Married Separate
See Note 1
4,000
Head of Household
9,250
4,000
Surviving Spouse
12,600
4,000
Dependent
See Note 3
none
Additional Standard Deduction
Note 2
Must File
$
10,300
20,600
4,000
13,250
16,600
$ 1,050 - $6,300
Notes:
1. MFS - the standard deduction is $0 for filing purposes
2. Additional standard deduction for 65 or blind =
Single
$1,550
Married
$1,250
3. Dependent's standard deduction
Greater of
$
1,050 or E.I.* + $350
Maximum
$
6,300
* E.I. = Earned income
2015
Qualified Parking
Qualified Transpotration
American Opportunity
Max.
Lifetime Learning
Max.
Mileage Rate Allowance Medical
Charity
Business
IRA
Social Security Wages
$
118,500
Medicare Wages
unlimited
$
$
$
$
250
250
2,500
2,000
23 cents
14 cents
57.5 cents
$
5,500
6.20%
1.45%
fixed
per mile
per mile
per mile
$
Total
7.65%
Foreign Earned Income Exclusion
$ 100,800
Child Credit
$
1,000 each
Single
Joint
Phase out Exemptions
Capital Gains
$400,000
$450,000
Medicare Surtax - wages
$200,000
$250,000
Med. Surtax - investment
$200,000
$250,000
6
7,347.00
1,718.25
9,065.25
Tax rate
20%
0.9%
3.8%
Filing 2016
Single
Joint
Married Separate
Head of Household
Surviving Spouse
Dependent
Additional Standard Deduction
Standard
Deductio
n
Personal
Exemptio
n
$6,300
$4,050
$10,350
12,600
See Note
1
8,100
20,700
4,050
4,050
9,300
12,600
See Note
3
4,050
4,050
13,350
16,650
$ 1,050 $6,300
Must File
none
Note 2
Notes:
1. MFS - the standard deduction is $0 for filing
purposes
2. Additional standard deduction for 65 or blind =
Single
Married
$1,550
$1,250
3. Dependent's standard deduction
*
Greater
of
$1,050
Maximum
$6,300
E.I. = Earned income
or E.I.* +
$350
2016
Qualified Parking
Qualified Transpotration
American Opportunity
Lifetime Learning
Mileage Rate Allowance
Max.
Max.
Medical
Charity
Business
IRA
Social Security Wages
Medicare Wages
Total
Foreign Earned Income Exclusion
Child Credit
$118,500
unlimited
Single
Phase out Exemptions
Capital Gains
Medicare Surtax - wages
Med. Surtax - investment
$400,000
$200,000
$200,000
7
$255
$255
$2,500
$2,000
19 cents
14 cents
54 cents
$5,500
6.20%
1.45%
7.65%
$101,300
$1,000
Joint
$450,000
$250,000
$250,000
per mile
per mile
per mile
$7,347.00
1,718.25
9,065.25
each
Tax rate
20%
0.9%
3.8%