ACCT 2016 - Taxation II

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)

This course is a continuation of Taxation I. Special emphasis is placed on taxation of corporate entities, partnerships, and sub-chapter S corporations. Other specific topics will include state and local income taxes and wealth planning.

3 Lecture Hour(s);

Required Prerequisite Course(s): ACCT 2012

College Wide Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Differentiate between the primary forms of business organizations: sole proprietorships, partnerships and corporations.	Weekly Homework and Exams – Weeks 2 - 3
2. Prepare Form 1065, Form 1120, Form 1120s, Schedule K-1 and related schedules.	Manually prepared and computer generated tax returns – throughout entire semester
3. Evaluate the requirements for corporate taxation, including the unique requirements for formation, operation, liquidation and distribution.	Tax Returns, Weekly Homework and Exams/Projects - Weeks 5-7
4. Evaluate the requirements for partnership taxation including the unique requirements for formation, operation, liquidation and distribution.	Tax Returns, Weekly Homework and Exams/Projects - Weeks 8-11
5. Evaluate the requirements for Sub Chapter S corporations including the designation and the unique tax requirements.	Tax Returns, Weekly Homework and Exams/Projects - Weeks 12-13
6. Analyze state and local taxation requirements.	Tax Returns, Weekly Homework and Exams/Projects - Weeks 14-15
7. Explain the ways to transfer tax and to preserve wealth that are legal under the tax code.	Weekly Homework and Exams - Weeks 16