University Founded 1766
Tax Management and Decision Making
Course: 53:010:520 Section: 01: Index 30519
Schedule Thursday 6:00PM to 8:40PM Room ATG 212
Instructor: David E. Vance, M.B.A., C.P.A., J.D.
Office Hours: After Class & By Appointment
Text: CCH Federal Taxation Comprehansive Topics 2009, Smith Harmelink, Hasselback
Website: www.crab.rutgers.edu/~dvance for reference materials, quiz prep, etc.
Objective: This course is an introduction to the federal tax system and tax-related decision making for
managers. It explores the statutory, administrative and judicial structure from which federal tax law evolves.
Grading Policy: Class participation is an integral part this course and is expected from all students. Class
participation is impossible without class attendance. Grades will not be curved.
Class Participation: 20%
Quizzes & Homework 20%
Midterm Exam 30%
Final Exam 30%
Grading: < 70 F, 70 – 74 C, 75 - 79 C, 80 – 85 B, 86 – 91 B+, 92 + A
Grading Expectations: Many students have unrealistic expectations about grades. The grade of A is
reserved for the most proficient students in the class. The reason to aspire to an A is that the best employers
will only know you on graduation, by your grades. They have no way to know whether you are a wonderful
human being or not. If everyone or even a majority of students got As the grade would no longer be a marker
of excellence. So an A is precious currency to use in getting the best job with the best company. Work for it.
Departmental Policy is to FAIL anyone who misses six classes. You cannot get an A, and probably not a B
without doing the homework. You cannot get a C if you fail the final exam.
Examination Policy: You may bring notes on one side, of one sheet of 8 ½” by 11” paper. Notes must
be hand written. The process of condensing notes down to one page has proven to be a very effective study
method. The reason for allowing notes is that in the real working world, individuals will have access to
books. However, that access will be of limited value if the student fails to master key concepts and terms.
Anyone who asks to bring two sheets of notes to the final exam will not be able to bring any notes.
Cheating, or even the appearance of cheating by talking or accessing information other than the one
handwritten sheet of paper during a test will be grounds for failure and other sanctions as the University sees
Speaking is encouraged in class as part of the dialogue among the instructor and fellow students. However,
all discussion should be directed to the front of the room. If you feel compelled to talk to your neighbor,
please step out of the room to do so and return when you are finished. This is a simple matter of courtesy
to your tuition paying classmates.
Date Material Homework
Sept. 2 Ch01 Introduction to Federal Tax Law; Ch02 Tax Research, Practice &
Procedure; Ch03 Individual Tax Overview
Sept. 9 Ch03 Individual Tax cont.; Ch04 Gross Income; Ch05 Gross Income Forms 4684, 2106 &
Exclusions Form 1040 Schedules
A, B & D
Sept. 16 Ch06 Deductions: General and Trade or Business; Ch07 Deductions: Forms 4684, 4797,
Business / Investment Loss and Passive Activity Loss; Ch08 Itemized 4562 and Form 1040
Deductions Schedule E
Sept. 23 Ch08 Itemized Deductions cont. Ch09 Tax Credits, Prepayments, Form 1040 & Form
Alternative Minimum Tax; Ch10 Property Tax: Basis of Gain or Loss 1040 Schedule C
Sept. 30 Ch11 Property Transactions: Non-recognition of Gain or Loss; Ch12 Form 1065 & Form
Property Transactions: Treatment of Capital and Section 1231 Assets, 1065 Scheule D,
Ch13 Tax Accounting Schedules K & K-1
Oct. 7 Ch14 Taxation of Corporations – Basic Concepts; Ch15 Corporate Non-
Liquidating Distributions; Ch16 Corporate Distributions in Complete
Liquidations; Midterm Review
Oct. 14 Midterm Ch 17 Corporate Reorganizations
Oct. 21 Ch17 Corporate Reorganizations cont. Ch18 Accumulated Earnings and
Personal Holding Company Taxes; Ch19 Partnerships Formation &
Oct. 28 On-line Lecture on Due Process and the US Tax Code Forms 4562 & 4684 &
See www.crab.rutgers.edu/~dvance for the link. Form 1120 Schedule D
Turn in homework next
Nov. 4 Ch20 Partnerships Distributions, Sales and Exchanges; Ch21 S- Form 1120
Corporations; Ch22 Federal Estate Tax, Federal Gift Tax, and
Generation Skipping Tax
Nov. 11 Ch22 Federal Estate Tax, Federal Gift Tax, and Generation Skipping Form 4797, 1120S and
Tax – cont.; Ch23 Income Tax of Trusts & Estates; Schedule K-1
Nov. 18 Ch24 Deferred Compensation and Education Savings Plans.
Dec. 2 Ch25 Multijurisdictional Taxation: International, State & Local
Employment Taxes – handouts & Web notes
Dec. 9 Integration of Tax Policy Material and Final Exam Review
Dec. 16 Final Exam
Instructor reserves the right to amend or modify the syllabus
It is your responsibility to turn in the homework on the schedule outlined above whether or not we have
completed the underlying chapter.
It is your responsibility to check the website every day for updates, modifications and additional material.