TOPICS IN ACCOUNTING INDIVIDUAL INCOME TAXES

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					          TOPICS IN ACCOUNTING: INDIVIDUAL INCOME TAXES


Fall - 2003                                                    Christian S. Leckey, CPA
Deane Hall Room 100                                                   Westmont College
Wednesdays 6:00pm - 9:00pm                                                    E & B 125

Introduction     Income taxes play a significant role in many financial decisions.
                 Effective tax planning requires a good understanding of the current
                 tax law. The goal of this course is to provide an understanding of
                 the individual tax law, as well as the economic, social, and political
                 factors which have created the numerous and complex rules and
                 regulations of our current tax code.

Objective        To develop an understanding and working knowledge of the
                 individual income tax model, its history, sections of the Internal
                 Revenue Code of 1986 (with current amendments), taxable income
                 and recognition issues, deductibility of expenses, tax credits and
                 payments and the related tax reporting requirements.

Instructor       Christian S. Leckey, CPA             Work: (805) 963-1837
                 4609 Vista Buena                     Cell: (805) 689-5888
                 Santa Barbara, CA 93110              Email: cleckey@dbntm.com

Text             Individual Income Taxes by Hoffman, Smith, and Willis (2004
                 Edition)

Attendance &
Assignments      Class attendance and timely completion of assignments are critical to
                 this class. The concepts covered in each class will be built upon in
                 future classes. Assignments may be modified by classroom
                 announcements.

Quizzes          Six short quizzes will be given based on that week’s reading
                 assignment. Quizzes will be closed book.

Examinations     There will be two midterms and one final, all open book exams.

Grading                       50   Class participation
                              50   Quizzes (10 points per quiz, 5 best scores)
                             100   Homework (10 points per week, 10 best scores)
                             100   Midterm I
                             100   Midterm II
                             100   Final
                             500   Total possible points

                 The instructor may curve final grades upward or downward from the
                 traditional distribution if, in his sole discretion, conditions so warrant.
        TOPICS IN ACCOUNTING: INDIVIDUAL INCOME TAXES

Fall - 2003                                                     Christian S. Leckey, CPA
Deane Hall Room 100                                                    Westmont College
Wednesday 6:00pm - 9:00pm                                                      E & B 125

    Assignments may be modified by classroom announcements as the course progresses.

DATE               READING ASSIGNMENT
                   QUESTIONS/PROBLEMS

September 3        Chapters 1 and 2                   Class discussion

September 10       Chapter    -3                      1, 8, 18, 28, 34, 42
                              - 4 (p.4-1 to 4-19)     6, 7, 26

September 17       Chapter    - 4 (cont.)             37, 49
                              - 5 (p.5-1 to 5-16)     2, 10, 28, 29

September 24       Chapter    - 5 (cont.)             35, 41, 43
                              -6                      5, 20, 22, 34, 39, 48

October 1          Chapter    - 7 and review          4, 5, 25, 26, 34, 48

October 8          Midterm I                                 Chapters 1-7

October 15         Chapter    -8                      30, 31, 37, 45, 50, 57
                              - 9 (p.9-1 to 9-17)     5, 7, 15

October 22         Chapter    - 9 (cont.)             25, 28, 47
                              - 10                    2, 12, 23, 32, 34, 35, 38, 45

October 29         Chapter    - 11                    5, 25, 27, 32, 35, 41
                              - 12                    1, 15, 32a&b, 38, 47, 59

November 5         Chapter    - 13 and review         2, 17, 20, 35, 43, 45, 51

November 12        Midterm II                         Chapters 8-13

November 19        Chapter    - 14                    4, 29, 37, 40, 44, 57
                              - 15                    6, 10, 29, 40, 55

November 26        Thanksgiving Holiday – No Class – Give Thanks!

December 3         Chapter    - 16                    2, 6, 8, 17, 18, 21
                              - 17                    2, 16, 37, 40, 45
December 10   Chapter   - 18   3, 11, 32, 35, 43, 53
                        - 19   1, 8, 34, 38, 47, 56

December 17   Final Exam       Chapters 14-19

				
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