Wachovia Securities Mary L. Cardello, CPA, CFP®, Instructor
Certified Financial Planner ™ Certification Education Program Office: (919) 942-1114
Income Tax for Financial Planners E-mail (preferable) cardello@fpec.org
*Replacement classes are at NCSU, Greensboro or Pinehurst.
Chapel Hill Winston-Salem Pinehurst
Reading Assignments Class Date of Date of Date of
Meeting Class Class Class
Chapter 1 Access to Sources of Tax Law and New Legislation 1 1st 29-May-08 * 28-May-08 29-May-08
A History of the Income Tax Law and a Glance at the Sources of
Chapter 2 Current Law 7 (not Raleigh)
Chapter 3 An Introduction to Four Basic Income Tax Concepts 27
Chapter 4 Determination of Income Tax Liability 45
Chapter 5 Items of Gross Income 69 2nd 2-Jun-08 4-Jun-08 5-Jun-08
Chapter 6 Exclusions from Gross Income 105
Mid-term exam is handed out (it is take home)
Chapter 7 Business Expenses and Expenses for the Production of Income 131 3rd 9-Jun-08 11-Jun-08 12-Jun-08
Chapter 8 Losses and Bad Debts 167
Chapter 9 Itemized Deductions for Individuals Objectives 1-4 185 4th 16-Jun-08 18-Jun-08 19-Jun-08
Chapter 9 Itemized Deductions for Individuals Objectives 5-6 199
Chapter 10 Individual Income Tax Credits 235
Mid-term Exam is due in class
Chapter 11 Cost Recovery Deductions 249 5th 23-Jun-08 25-Jun-08 26-Jun-08
Chapter 12 Limitations on "Passive Activity" Losses and Credits 275
Chapter 13 Sales and Exchanges of Property 283
Chapter 14 The Taxation of Capital Gains and Losses 311 6th 30-Jun-08 2-Jul-08 3-Jul-08
Chapter 15 The Alternative Minimum Tax 327
Chapter 16 Income Taxation of Life Insurance 337
Final Exam is handed out (it is take home)
Chapter 17 Tax Treatment of Modified Endowment Contracts 367 7th 7-Jul-08 9-Jul-08 10-Jul-08
Chapter 18 Taxation of Corporations and Shareholders 381
Chapter 19 Taxation of Distributions to a Corporation's Shareholders 423 8th 14-Jul-08 16-Jul-08 17-Jul-08
Chapter 20 Taxation of Partners and Partnerships 447
Final Exam is due in class 473
Hand out Class Certificates
ssignment 1 - An Overview of the Income Tax System
Syllabus - An Overview of the Income Tax System (18.46 Kb)
Chapter 1 - Access to Sources of Tax Law and New Legislation (613.996 Kb)
Chapter 2 - A History of the Income Tax Law and a Glance at the Sources of Current Law (548.41 Kb)
Item Assignment 2 - Basic Income Tax Concepts
Syllabus - Basic Income Tax Concepts (19.609 Kb)
Chapter 3 - An Introduction to Four Basic Income Tax Concepts (272.331 Kb)
Chapter 4 - Determination of Income Tax Liability (393.312 Kb)
Item Assignment 3 - Items of Gross Income
Syllabus - Items of Gross Income (17.436 Kb)
Chapter 5 - Items of Gross Income (409.101 Kb)
Item Assignment 4 - Exclusions from Gross Income
Syllabus - Exclusions from Gross Income (18.441 Kb)
Chapter 6 - Exclusions from Gross Income (548.124 Kb)
Item Assignment 5 - Business Expenses and Expenses for the Production of Income
Syllabus - Business Expenses and Expenses for the Production of Income (19.712 Kb)
Chapter 7 - Business Expenses and Expenses for the Production of Income (630.201 Kb)
Item Assignment 6 - Deductions for Losses, Bad Debts, and Other Expenses
Syllabus - Deductions for Losses, Bad Debts, and Other Expenses (19.367 Kb)
Chapter 8 - Losses and Bad Debts (276.451 Kb)
Chapter 9 - Itemized Deductions for Individuals - Objectives 1-4 (568.183 Kb)
Item Assignment 7 - Other Deductions and Tax Credits
Syllabus - Other Deductions and Tax Credits (18.853 Kb)
Chapter 09 - Itemized Deductions for Individuals - Objectives 5-6 (880.723 Kb)
Chapter 10 - Individual Income Tax Credits (483.394 Kb)
Item Assignment 8 - Cost Recovery Deductions; Passive Activity Losses
Syllabus - Cost Recovery Deductions; Passive Activity Losses (27.046 Kb)
Chapter 11 - Cost Recovery Deductions (608.127 Kb)
Chapter 12 - Limitations on "Passive Activity" Losses and Credits (442.652 Kb)
Item Assignment 9 - Sales and Exchanges
Syllabus - Sales and Exchanges (26.392 Kb)
Chapter 13 - Sales and Exchanges of Property (784.834 Kb)
Item Assignment 10 - Capital Gains and Losses; Alternative Minimum Tax
Syllabus - Capital Gains and Losses; Alternative Minimum Tax (19.021 Kb)
Chapter 14 - The Taxation of Capital Gains and Losses (693.299 Kb)
Chapter 15 - The Alternative Minimum Tax (662.935 Kb)
Item Assignment 11 - Taxation of Life Insurance
Syllabus - Taxation of Life Insurance (18.778 Kb)
Chapter 16 - Income Taxation of Life Insurance (794.944 Kb)
Chapter 17 - Tax Treatment of Modified Endowment Contracts (483.44 Kb)
Item Assignment 12 - Taxation of Corporations and Their Shareholders -- Part I
Syllabus - Taxation of Corporations and Their Shareholders -- Part I (26.243 Kb)
Chapter 18 - Taxation of Corporations and Shareholders (669.672 Kb)
Item Assignment 13 - Taxation of Corporations and Their Shareholders -- Part II
Syllabus - Taxation of Corporations and Their Shareholders -- Part II (26.386 Kb)
Chapter 19 - Taxation of Distributions to a Corporation's Shareholders (534.161 Kb)
Item Assignment 14 - Taxation of Partners and Partnerships
Syllabus - Taxation of Partners and Partnerships (17.98 Kb)
Chapter 20 - Taxation of Partners and Partnerships (562.631 Kb)
Item Appendix
Glossary (145.003 Kb)
Answers to Review Questions (460.532 Kb)
Index (197.477 Kb)
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