1040 Schedule C Form 2009
1040 Schedule C Form 2009 document sample
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Revised 8/16/2009 RUTGERS University Founded 1766 Tax Management and Decision Making Fall 2009 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: 856-225-6921 Email: email@example.com 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. Prerequisite: 53:010:502 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 fit. 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. Schedule 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 & Operation 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 week. 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 Transactions 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.