Advanced Tax Accounting
I. Course Prefix/Number: ACC 274
Course Name: Advanced Tax Accounting
Credits: 3 (3 lecture; 0 lab)
III. Course (Catalog) Description
IV. Learning Objectives
B. "C" Corporations
C. "S" Corporations
D. Personal Holding Companies
E. Federal Gift Tax
F. Federal Estate and Trust Taxes
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
B. Corporate Formation and Capital Structure
C. Corporate Distributions: Cash, Property and Stock Dividends
D. Corporate Distributions: Stock Redemptions, Partial Liquidations and Corporate Divisions
E. Complete Liquidations
F. Consolidation Tax Returns
G. S. Corporations
H. Taxation of Partners and Partnerships
I. Special Partnerships, Asset Distributions and Dispositions of Partnership Assets
J. Estate and Gift Taxation
K. Income Taxation of Estates and Trusts
L. Family Tax Planning
VII. Methods of Instruction
B. Working Problems
C. Case/Research Problems
Course may be taught as face-to-face, media-based, hybrid or online course.
VIII. Course Practices Required
1. Reading and comprehension of the textbook, research materials, tax forms, and instructions.
2. Writing assignments, including the preparation of a tax research paper.
3. Basic mathematics.
4. Oral presentations and in-depth discussions of tax problems and tax issues.
IX. Instructional Materials
Varies by instructor.
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 Access and Disability Resource Center at the Des Plaines or Skokie campus. 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.