ACTG 68C: ADVANCED TAX ACCOUNTING III
Foothill College Course Outline of Record
| Heading | Value |
|---|---|
| Units: | 3 |
| Hours: | 3 lecture per week (36 total per quarter) |
| Prerequisite: | ACTG 67. |
| Advisory: | Elementary Algebra or equivalent; demonstrated proficiency in English by placement via multiple measures OR through an equivalent placement process OR completion of ESLL 125 & ESLL 249. |
| Degree & Credit Status: | Degree-Applicable Credit Course |
| Foothill GE: | Non-GE |
| Transferable: | CSU |
| Grade Type: | Letter Grade (Request for Pass/No Pass) |
| Repeatability: | Not Repeatable |
Student Learning Outcomes
- Achieve passing SEE score of 70% (may slightly deviate as the "scaled scoring" grading system is currently used by the SEE facilitator) while demonstrating a solid understanding of fundamentals of Federal income tax law as it relates to Sole Proprietorships and Partnerships.
- Demonstrate practical knowledge of income tax form preparation and tax compliance process as these relate to sole proprietorships and partnerships.
Description
Course Objectives
The student will be able to:
A. Follow Federal Income Tax Administration Rules and Procedures to file timely, accurate and complete tax returns.
B. Prepare and sit for the Enrolled Agent Exam.
Course Content
A. Recordkeeping Requirements
B. Rules for Tax Returns Preparers
C. Electronic Filing
D. Powers of Attorney and Disclosure
E. Tax Return Examinations and Appeals
F. Tax Law and Authority
G. Collection
H. Provisions Circular 230
I. Individual Retirement Arrangements
J. Retirement Plans
K. Exempt Organizations
L. Review of Enrolled Agent Exam
Lab Content
Not applicable.
Special Facilities and/or Equipment
Method(s) of Evaluation
A. Examinations
B. Quizzes
C. Projects
D. Tax return preparation
Method(s) of Instruction
Lecture, in class or electronic discussions, group work, case studies.
Representative Text(s) and Other Materials
Hoffman, Raabe, Maloney, and Young. Bundle: South-Western Federal Taxation 2017. Mason, OH: South-Western, 2017.
Gleim and Hasselback. EA Review Part 2 - Businesses, 2017 Edition. Gainesville, FL: Gleim Publications, Inc., 2017.
Types and/or Examples of Required Reading, Writing, and Outside of Class Assignments
A. Reading IRS Tax Publications and Form Instructions at www.irs.gov
B. Reading California Publications and Form Instructions at www.ftb.ca.gov
C. Reading the latest Federal Tax updates at the IRS website
D. Reading the latest California Tax updates at the CA FTB website
E. Reading Internal Revenue Tax Code and Regulations
F. Reading of Wall Street Journal, Business Week, and Fortune