Income Tax Accounting
I. Course Prefix/Number: ACC 244
Course Name: Income Tax Accounting
Credits: 3 (3 lecture; 0 lab)
III. Course (Catalog) Description
IV. Learning Objectives
A. Tax Computations
B. Income Inclusions and Exclusions
C. Capital Gains and Losses
D. Business and Personal Deductions and Credits
E. New Tax Law
F. Tax Research
V. Academic Integrity
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.
VI. Sequence of Topics
Ch 4 Gross Income
Ch 5 Exclusions
Ch 6 Deductions - General, Trade or Business
Ch 7 Business/Investment Losses and Passive Activity Losses
Ch 10 Property Transactions - Basis Determination & Gains & Losses
Ch 11 Property Transactions - Treatment of Capital & 1231 Assets
Ch 9 Tax credits, Prepayments & Special Methods
VII. Methods of Instruction
B. Problem Solving
C. Case Problems
Course may be taught as face-to-face, media-based, hybrid or online course.
VIII. Course Practices Required
IX. Instructional Materials
X. Methods of Evaluating Student Progress
Final Exam (200 points)
Homework (6 points each)
Quizzes (10 points each)
Projects/Cases (50 points each)
Attendance is considered if a student is between grades.
B. A point scale based on total possible points.
90 - 100% = A
80 - 89% = B
70 - 79% = C
60 - 69% = D
59% & Below F
XI. Other Course Information
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the ASSIST office in the Learning Center. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.