Income Tax Accounting
Acct 3307
Fall 2007
Taxes, after all, are dues that we pay for the privileges of membership in an organized society. ~Franklin D. Roosevelt
| Date | Topic | Readings | Homework |
| 8/27/07 | Introduction | ||
| 8/29/07 | Federal Income Taxation | Ch. 1 | 1,4,10,12,42,18,29,36,44 |
| 8/30/07 | Federal Income Taxation | Ch. 1 | 46,57,63,64,67 ; Solutions |
| 9/5/07 | Internal Revenue Code ; Scavenger Hunt | ||
| 9/7/07 | Income Tax Concepts | Ch. 2 | 8,12,13,16,18,20,22,25 |
| 9/10/07 | Income Tax Concepts | Ch. 2 | 28,35,36,52,54,62,63 ; Solutions |
| 9/12/07 | Income Sources ; Annuity Problem ;Solutions - Annuity Problem ; Tax Computation Problem ; Tax Comp Prob - Solution | Ch. 3 | 7,10,11,12,31,36,44,45,51,84 ; Solutions |
| 9/14/07 | Income Sources | Ch. 3 | |
| 9/17/07 | Income Sources | Ch. 3 | |
| 9/19/07 | Income Exclusions | Ch. 4 | 2,7,17,20,27,40,45,46,48,51,56 ; Solutions |
| 9/21/07 | Income Exclusions | Ch. 4 | |
| 9/24/07 | Income Exclusions | Ch. 4 | |
| 9/26/07 | Exam Review | ||
| 9/27/07 |
Exam 1 |
BA 157 6 p.m. - 8 p.m. | |
| 9/28/07 |
NO CLASS |
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| 10/1/07 | Intro to Business Expenses ; Form 8829 ; blank form @ www.irs.gov | Ch. 5 | 1,4,21,24,26,27,32,41,69 ; Homework Solutions |
| 10/3/07 | Intro to Business Expenses | Ch. 5 | |
| 10/5/07 | Intro to Business Expenses | Ch. 5 | |
| 10/8/07 | Business Expenses | Ch. 6 | |
| 10/10/07 | Business Expenses | Ch. 6 | 1,7,10,12,20,24,27,30,33 ; Homework Solutions |
| 10/12/07 |
Fall Break - No Class |
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| 10/15/07 | Business Expenses | Ch. 6 | 68, 70, 72, 76, 78; Solutions |
| 10/17/07 | Exam Review | ||
| 10/17/07 |
Exam 2 (Alternative Time) |
BA 007 6 - 8 p.m. | |
| 10/18/07 |
Exam 2 |
BA 157 6 - 8 p.m. | |
| 10/19/07 |
NO CLASS |
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| 10/22/07 | Losses - Deductions / Limits | Ch. 7 | 1,2,5,7,20,21,22,23,26,28,32,35,39,43 |
| 10/24/07 | Losses - Deductions / Limits | Ch. 7 | Solutions |
| 10/26/07 | Losses - Deductions / Limits | Ch. 7 | |
| 10/29/07 | Taxation of Individuals | Ch. 8 | 1,3,5,6,7,30,33,37,45 |
|
Last Day to Drop a Course |
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| 10/31/07 | Taxation of Individuals | Ch. 8 | 54,59,73,77; 2,34,36,38,40,43,66 |
| 11/2/07 | Taxation of Individuals | Ch. 8 | Solutions |
| 11/5/07 | Taxation of Individuals | Ch. 8 | |
| 11/7/07 | Exam Review ; Tax Return Practice Problem ; Ch. 8 Practice Problems; Solutions ; Phase-out info | ||
| 11/8/07 |
Exam 3 |
BA 75 6 - 8 p.m. | |
| 11/12/07 | Acquisition of Property | Ch. 9 | 2,6,8,12,20,22,30,44,47,48,59Solutions |
| 11/14/07 | Acquisition of Property | Ch. 9 | |
| 11/16/07 | Acquisition of Property | Ch. 9 | |
| 11/21 - 11/23 |
Thanksgiving Break - No Class |
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| 11/26/07 | Cost Recovery | Ch. 10 | 1,2,3,9,13,22,26,34,37 |
| Cost Recovery | Ch. 10 | 41,47,52,53,60 ; Solutions | |
| 11/28/07 | Property Dispositions | Ch. 11 | 10,12,14,17,26a-b,29,43,45 |
| 11/30/07 | Property Dispositions | Ch. 11 | 56,62,63,68 ; Solutions |
| 12/3/07 | Property Dispositions ; Practice Problem ; Practice Problem - Solution | Ch. 11 | |
| 12/5/07 | Exam Review ; Tax Return Practice Problem ; SOLUTION | Ch. 11 | |
| 12/11/07 | Final Exam - 7:30 - 9:30 a.m. | 003 | BA 270 |
| 12/12/07 | Final Exam - 12:30 - 2:30 p.m. | 002 | BA 255 |