T/Th Syllabus for Tax 2

T/Th Syllabus for Tax 2

Federal Taxation I

Fall Term - 2007

Tu & Th 11:00 am – 12:20pm BU 308

Instructor: Bill Urquhart

Phone(H) : (561) 736-7972

(O) : (561) 297-2836

Email :

Office Hours – 117 Business (Fleming) East:

Tuesdays 9:30 – 11:00 am, 1:00 – 2:00 pm, 3:25 – 4:00 pm, 5:30 – 7:10 pm, 8:30 – 9:00 pm.

Thursdays9:30 – 11:00 am, 1:00 – 2:00 pm, 3:30 – 4:30 pm.

Required Text:

Jones, Principles of Taxation for Business and Investment Planning, (2008 Edition) (McGraw-Hill/Irwin)


May & May, Effective Writing 5th Edition, Prentice Hall.

Suggested Text:

Lathrope, Selected Federal Taxation - Statutes & Regulations, West Publishing Company.

Internet tools: The publisher has a web site with practice quizzes and other tools for students to use. .

My lecture notes will be posted to Blackboard as well as solutions to all homework assignments.

Course Objective: The objective of the course is to provide the student with a basic knowledge of U.S. income taxation as it applies to individuals and other entities. The course will be primarily lecture format with frequent use of homework problems to supplement the lecture.

Academic Irregularities:All students are referred to Chapter 6C5-4.01 of the Student Handbook entitled "Academic Irregularities." It is the policy of the School of Accounting at FloridaAtlanticUniversity to adhere to the provisions of this section on "Academic Irregularities." Faculty of the School will take action to secure the maximum penalty in the event any observation of a violation of Chapter 6C5-4.01 of the Rules of the Department of Education of the State of Florida is noted.

Academic Honesty: A fundamental principle of academic, business and community life is honesty. Violation of this ethical concept will result in penalties ranging from a grade of “F” in the course to dismissal from the University. In all penalties, a letter of fact will be included in the student’s file.

Regarding “Rule 10”: The School of Accounting adheres to the following policies: Any student who does not meet course prerequisites will be administratively dropped from such course or courses at any time during a semester when such deficiency is determined to exist; no student may register for the same upper division accounting or tax course after receiving grades of “W”, “D”, “D+”,”C-“ or “F” in that course a total of two (2) times; and no student may register for upper division accounting or tax courses after receiving five (5) grades of “W”, “D”, “D+”,”C-“ or “F” in upper division accounting or tax courses.”


Your grade for the course will be determined in the following manner:

Exam I25%

Exam II25%

Exam III35%

Tax return project15%

Total 100%

The final exam (Exam III) will be comprehensive.

Each examination will be graded without a curve. The weighted average total of the three exams and the tax return will be curved at the end of the semester, if necessary.

As a general rule there will be NO MAKE-UP EXAMINATIONS!!!! (Certain exceptions may be made.) If you miss an exam, the weight of that exam will be transferred to the final exam, making the final exam worth 60% of your course grade. This policy does not apply to the final exam. Every student must take the final exam.

The tax return project will also require a short (2-3 pages) written analysis of the tax issues that face the taxpayers in the project. Summer A or B terms will not have a project and instead will do a longer (5 – 8 pages), more detailed research paper for the 15% share of the final grade.


You all know how important it is to keep up with the homework in an accounting course. Because this is a tax class and we are going to cover a lot of material, it is especially important to be prepared by attempting all homework before the subject is covered in class. I will not work all homework problems in class. Solutions will be posted on Blackboard.

Important Dates:

August 28 - First class.

August 31- Last day to drop without receiving a "W".

September 25 - Exam 1.

October 19 - Last day to drop without receiving an "F".

October 30 – Exam II.

November 22 – No class – Thanksgiving Day.

December 4 – Last regular class.

December 5 – Reading Day.

December 11 - Final exam (10:30 – 1:00).

Other Course Information:

Chapter assignments are not scheduled by date. In general we will try to devote at least one class session to each chapter. Some will take more time. The exams will test material covered up to the point of each exam, unless announced otherwise. The exam dates are subject to change.

Homework Assignments:

ChapterHomework Assignment

6 Q 2,3,5-8,10;AP 3,5,6,8,9,13,19,22,24,26-28

7 Q3-5,9-17; AP 6,7,9-11,18,19,21,22,26

8 Q 1-6,11,12; AP 1,3,5-7,23-28,30,33,41

9 Q 3-6,12,14; AP 1,2,4,12,15,16,19,22-24

14 Q 2,5-8,11,14,15; AP1,2,4,7,9,11,14,15,21,24,25,27

17 Q 3-6,11,13; AP 1-6,11,15,20-22,26,28,29

15 Q 2,3,5,6,8-12; AP 1,7,9,13,14,18,19,2,24,28,29,31,33-35

16 Q 1,2,5-10; AP2,3,10-14,18,20-22,26,29-35,39

10 Q1,3-5,8,9,12,13; AP 2,3,10,11,13,14,17,20,22-25

11 Q 1-3,6-8,10; AP1,5,12-16,18,20

12 Q 1,4-7,9,10,12; AP 4-6,12

Student Information

Federal Taxation I


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