Course Title:TAX PLANNING in FINANCIAL DECISIONS

Course Title:TAX PLANNING IN FINANCIAL DECISIONS

Course Number:TAX 3721 – 028 – Tuesday, Thursday

1:40 – 2:55 Bldg. 42/1101

CatalogA study designed for those business students interested in

Description:a general understanding of the tax law and its implications

for the planning and decision-making processes necessary

for both individuals and business entities. Accounting majors

may not take this course for credit.

Prerequisites:ACG 2021 with a C or better.

Instructor:Dr. Charles Calhoun

Office#:Bldg. 42/Room 3224

Office Phone:904-620-2630

Home fax:904-285-8338

E-Mail:

Home e-mail:

Office Hours:Tuesday and Thursday from 11:00 –1:30, 4:30 – 6

and by appointment

Required Texts and materials:

Principles of Taxation for Business and Investment Planning, 2003 Edition; author, Jones

Three (3) scan sheets for tests – Brown ink with alphabetic choices

Course Content:See daily class schedule.

Grading:

Exam #125%

Exam #225%

Exam #325%

Class Participation and Attendance 5%

Tax Research20% (No comprehensive Final)

Total 100%

If you have an emergency, I reserve the right to use my discretion to excuse you and allow you to make up the work. If a make-up is not allowed, the points missed will be added to future exams, proportionately.

Final grades will be assigned based upon your cumulative percentage grade as follows:

A90-100

B80- 89

C70-79

D60-69

F 0-59

Plus grades will be given at my discretion, considering such things as trend, effort exhibited, etc. No minus grades will be assigned.

Written Communication Requirements:

Tax research cases must be prepared in accordance with specific instructions that will be provided later. Proper use of grammar and spelling will be considered in grading.

Oral Communication Requirements:

Oral communication skills will be demonstrated through class participation and presentation of problems, research cases and interesting articles. Answers to

all questions and problems for discussion and all application problems will be on reserve in the library. (Ask for library reserve number TBA.

Computer Applications:

One of the most effective and readily available means of doing tax research is using CD-Rom services. There are several available in the market and the computers in the library have RIA on-line. A demonstration by library research staff will be provided.

Upon graduation and entering the job market, you will quickly find that success in business requires much more than adequate technical training. Some of the factors that you should begin developing include:

1. Dependability (e.g. attend class regularly)
2. Punctuality (e.g. class starts on time, BE THERE)
3. Courtesy (e.g. pay attention, don’t pack up early)

(keep cell phones & pagers in off position)

1. Motivation (e.g. be adequately prepared for class)
2. Decorum (e.g. NO HATS, cell phones or pagers in class)

Class Preparation:

Homework and attendance are essential parts of the learning process. It is the student’s responsibility to have read the assigned chapter(s) and completed and checked all homework before coming to class. Homework will not be collected for a grade as the answers are in the library, but attempt assigned work before checking answers in the library.

Ethical Issues Covered:

Ethics will be covered throughout this course as it relates to the Internal Revenue Code, the IRS, and the courts. But remember, honesty in tax reporting begins with the taxpayer.

Problem Presentation:

Students will be randomly selected to cover previously assigned problems and group problems in class. These presentations are to be taken seriously and are designed to assist you in improving your oral presentation skills.

Research Project(s):

You will receive two tax situations to research and prepare recommended solutions. An example of such a project and the format of the response will be provided. Additional research assignments will be made during the semester. Your conclusion/solutions/ideas will be incorporated into the class discussions. Due dates of such projects will be provided when assigned.

Examinations:

Exams incorporate material from several sources. “Fair game” includes text, lecture, problems, and research cases. If any exam is missed, the student will have to meet with the instructor to determine what, if any, special arrangements can be made. Only legitimate documented reasons provided to the instructor before the missed exam will be considered. Cheating will not be tolerated. Any student caught cheating will be given an immediate zero on the applicable exam/assignment. All other university policies regarding drops, inclement weather, scholastic dishonesty, etc. will be strictly adhered to.

Class Attendance:

Attendance and participation is very important. Class lectures will include material not covered in the text. If you miss a class you should get a copy of the class notes from another student.

Withdrawals:

The University policy for withdrawing from a course is located in the UNF Undergraduate Catalog. The deadline for the Spring 2003 term is Thursday, March 27.

Americans with Disabilities Act:

If you have a disability, as defined by the Americans with Disabilities Act (ADA), which requires a classroom accommodation or auxiliary aid(s), please inform me of your needs during the first week of class so that I may take appropriate action. You should also notify the Office of Disabled Services at 620-2769 concerning your needs.

TAX 3721, SPRING