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The Ohio State University Fisher College of Business |
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AMIS 4410 Tax Accounting II |
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2013 editions |
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Web site for course |
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COURSE DESCRIPTION |
Intensive study of the federal income tax treatment of business corporations and partnerships, with particular attention to tax planning by these businesses and their owners. Prereq: 3200 and Tax I (eg AMIS 3400) or equivalent. | |
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MATERIALS |
Required |
Hoffman, Raabe, Smith, Maloney, 2013 ed, Southwestern Federal Taxation: Corporations, Partnerships ISBN 9781133495505 |
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Recommended |
Supplement for the text: Study Guide ISBN 9781133495512 |
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Reference |
Primary law sources, internet sites, and commercial research material, located in electronic formats on the OSU library site. |
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OBJECTIVES |
This course is designed to acquaint the student with the workings and concepts of the federal tax law, especially as it pertains to business entities, and to introduce the student to the workings of a tax practice. Students are assumed to be interested in becoming business advisors, with an emphasis on financial and accounting subject matters. Previous tax education is assumed to entail only one previous course, focused on individual taxation. The course will not turn the student into a “tax expert,” nor is it designed to prepare one for the taking of professional examinations. The concepts and work habits acquired, though, will form a solid foundation for further study and practice. |
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PROCEDURES |
Assignments are detailed below. The course is conducted in a discussion format, with lecture time extremely limited. You must do the assigned material before the first day on which the chapter is discussed, and then be ready to apply the material in various taxpayer fact settings. Graded assignments are worth 5 course points each. Regular class attendance will improve your chances of meeting the course objectives. OSU’s policies as to academic integrity are incorporated herein by reference. ACADEMIC MISCONDUCT Academic misconduct will not be tolerated. According to University Rule 3335-31-02, all suspected cases of academic misconduct will be reported to the Committee on Academic Misconduct. DISABILITY SERVICES The Office of Disability Services verifies students with specific disabilities and develops strategies to meet the needs of those students. Students requiring accommodations based on identified disabilities should contact the instructor at the beginning of the quarter to discuss his or her individual needs. All students with a specific disability are encouraged to contact the Office of Disability Services to explore the potential accommodations available to them. |
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GRADES |
Students will submit assignments as they are completed during class time. Cumulative scores are posted by a student-selected code. The grading scale for the course is likely to be as follows. Pluses and minuses may be used as well. 90A, 80B, 70C, 60D |
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ASSIGNMENTS |
The course schedule is as follows. |
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Dates |
Read Text Chapter before Class |
Student Support Resources |
Course Points Available |
| 1/7,9,11 | 1, Understanding the Tax Law | Slides Follow Up | 1 graded assignment |
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1/14,16,18,23 |
2, Corporate Operations |
Slides Follow Up | 3 graded assignments |
| 1/25,28 |
3, Corporate AMT (only pp 16-26,31) |
Slides Follow Up | 1 graded assignment |
| 1/30,2/1,4,6 |
4, Corporate Formations |
3 graded assignments |
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| 2/8,11,13,15 |
5, Corporate Distributions |
Slides Follow Up | 3 graded assignments |
| 2/18,20,25 | 14, Taxes on the Financial Statements | Slides Follow Up | 1 graded assignment |
| 2/27,3/1,4,6,8 |
10, Partnerships |
Slides Follow Up | 2 graded assignments |
| 3/18,20,22 |
11, Partnership Distributions (omit pp 16-32) |
Slides Follow Up |
1 graded assignment |
| 3/25,27,29 |
12, S Corporations |
Slides Follow Up | 2 graded assignments |
| 4/1,3,5 | 13, Comparative Business Forms | Slides Follow Up | 2 graded assignments |
| 4/8,10,12 | 15, Exempt entities | Slides Follow Up | 2 graded assignments |
| 4/15,19,22 |
17, Tax Administration and Ethics |
Slides Follow Up | 1 graded assignment |
| 4/26 |
Final Exam |
(c) 2013 Wm A Raabe