UNIVERSITY of BRIDGEPORT
SCHOOL of BUSINESS
ACCT 535 – BUSINESS ENTITY TAXATION
Summer 2014
Professor: Matthew G. Maron, CPA
STUDENT SYLLABUS
Room: Mandeville Hall Room 210
Class Schedule: Monday 5:45 – 10:00pm
3 Credit Hours
My office is located in Mandeville Hall, Room 209
Telephone number (School) 203-576-4008, (Home/Office) 203-746-3710
Email:
Conference hours: By Appointment
Required Text:
Essentials of Federal Income Taxation For Individuals and Business - 2014 Linda M. Johnson
CCH/WOLTERS KLUWER, 2014
ISBN# 978-0-8080-3637-1
Course Description:
This course concentrates on federal income taxation of Corporations, Partnerships, and Subchapter S Corporations. It introduces students to the income tax rules and regulations pertaining to these “business entities”, while enhancing an awareness of the complexities and sources of tax law.
Course Objective:
v Acquire a working knowledge of, and be able to complete, basic corporate income tax returns.
v Be conversant with the Internal Revenue Code (IRC) and the Income Tax Regulations as they apply to corporations and partnerships.
v Be able to articulate the basic forms of capital structure and the tax implications and requirement of each, including the C and S corporations.
v Be able to articulate the basic issues and strategies for tax minimization for partnerships and different corporate entities.
v Demonstrate an understanding of the tax treatment of corporate distributions to stockholders.
v Be able to use the Internet as a tool in preparing corporate income tax returns and performing tax research.
Components of Course Grade:
Mid-Term 45%
Final Exam 45%
Class Participation 10%
Criteria for Evaluation of Class Participation:
1) Participation
Students will be evaluated on their demonstrated ability to understand an assigned question, correctly identify the approach to solving the problem, select the appropriate data to use in the solution, select and use the proper quantitative or other analytic tool for the solution, and communicate effectively their response to the question.
2) Attendance
Attendance will be taken at the beginning of each class. You are expected to be in attendance at the start of each class. Habitual late attendance will be marked against class participation.
3) Homework
Students are expected to be prepared for each class. This includes having read any material assigned, and having completed the assigned problems. Homework will be collected at the end of each topic/chapter.
4) Disruptive Talking
“Disruptive talking” is talking and/or interfering while the teacher is lecturing, or while a classmate is asking/answering a question in class. Disruptive talking will be marked against class participation.
Examinations:
There will be two exams (a Mid-Term and a Final). Each exam will be “open book.”
Make-up Test Policy:
You are expected to take the Mid Term exam on the date indicated. If you miss the exam, you must take a make-up, and will receive a ten-point (10) penalty on the make-up (e.g. if you earn a grade of 90 on a make-up mid-term, you will receive a grade of 80). NOTE: THERE IS NO MAKE-UP FOR THE FINAL EXAM.
Miscellaneous Notes:
There will be NO MAKEUP for missed classes or assignments. It is your responsibility to contact a classmate to obtain notes if a class is missed. A zero grade will be assigned for any missed work.
No electronic devices (except calculators) are allowed in class. Cell phones should be turned off.
The use of a pencil for homework and exams is highly recommended.
CHEATING - Any student found cheating on an exam will receive a grade of zero (0) for the exam.
It is the student's responsibility to familiarize himself or herself with and adhere to the standards set forth in the policies on cheating and plagiarism as defined in Chapters 2 and 5 of the Key to UB http://www.bridgeport.edu/pages/2623.asp or the appropriate graduate program handbook.
Syllabus is subject to change.
Key Dates:
Monday 5/26/14 – No Class (Memorial Day holiday)
Monday 6/16 – Mid Term Exam
Monday 7/14 – Final Exam
ACCT 535 - BUSINESS ENTITY TXATION
Summer 2014
Class/Assignment Schedule
May 12, 2014 Chapter 14 (Corporation Taxation)
May 19, 2014 Chapter 14
May 26, 2014 No Class – Memorial Day
June 2, 2014 Chapter 14
June 9, 2014 Chapter 14, Chapter 8 (Tax Depreciation)
June 16, 2014 Mid Term Exam (Chapter 14), Chapter 8
June 23, 2014 Chapter 15 (Partnership Taxation)
June 30, 2014 Chapter 15, Chapter 16 (Subchapter S Corp)
July 7, 2014 Chapter 16
July 14, 2014 Final Exam (Chapters 8, 15, 16)