IRS Enrolled Agent Exam Preparation Course

I.     Course Prefix/Number: ACC 275

       Course Name: IRS Enrolled Agent Exam Preparation Course

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

Recommended: ACC 274

III.   Course (Catalog) Description

Course designed to prepare for IRS Enrolled Agent exam. The focus is on tax theory and its application in different areas and situations. Content includes taxation of individuals, sole proprietorships, partnerships, corporations, fiduciaries, estates, trusts and gifts. Training and practice in how to analyze and answer test questions. Simulated testing environment experience.  Course open for review of taxation in the areas described above, even if taking exam not planned.

IV.   Learning Objectives

Student will learn to apply tax theory and income tax laws as they relate to the following topics:

A.    Individual Taxation
B.    Sole Proprietorships and Partnerships
C.    Corporations
D.    Fiduciaries
E.    Trusts
F.    Estate and Gift Tax
G.    Charities & Not-for-Profits
H.    Government Entities
I.    Retirement Plans
J.    Ethics/Tax Professionals

V.    Academic Integrity

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• 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

A.    Income Tax
B.    Income
C.    Gains and Losses
D.    Adjustments, Deductions, Credits and Taxes
E.    Business Organizations
F.    Income, Loss and Expenses
G.    Sales, Exchanges and Other Topics
H.    Partnerships
I.    Corporations
J.    S Corporations
K.    Fiduciaries, Estate and Gift Tax
L.    Rules for Practice, Ethics, Preparer Rules and POA
M.    Examination, Appeals and Collections
N.    Records, Retirement Plans, Exempt Organizations and Electronic Filing

VII.  Methods of Instruction

A.    Lecture and Discussion
B.    Analyze test questions
C.    Practice tests
Course may be taught as face-to-face, media-based, hybrid or online course.

VIII. Course Practices Required

Students will be required to perform on a college level in reading and comprehension of suggested reference books, IRS tax forms, IRS Publications, and IRS instructions. Additional independent study in areas that a student finds difficult may be necessary.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Varies by instructor.

X.    Methods of Evaluating Student Progress

A.    Four Tests (Test 1, 2 & 3 are175 points each; Test 4 is120 points)
Final Practice Test (200 points)

B.    A point scale based on total possible points of 845.
   A = 80% (676 - 845)
   B = 70% (591 – 675)
   C = 50% (422 – 590)
   D = 40% (338 – 421)
   F = Below 40% (338 or less)

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.