COURSE SYLLABUS

TAX 4001
TAXATION OF BUSINESS ENTITIES
FALL 2013
INSTRUCTOR:

Marcye S. Hampton, MBA, CPA

OFFICE:
OFFICE PHONE:
EMAIL:
WEBPAGE:

BA 326
OFFICE HOURS:
(407) 823-5678
TR
3:00PM 4:30 PM
mshampton@ucf.edu
W
10:00AM 11:45 AM
http://web.bus.ucf.edu/faculty/mhampton/
or
by appointment

Prerequisites: Junior standing and ACG 2021, ACG 2071, ACG 3131
Course Description: Study of the basic theory, concepts, practice and methods of determining the
taxable income and tax liabilities of business entities and individuals .
Objectives: The primary course objectives are: to introduce students to a broad range of tax
concepts and types of taxpayers; to emphasize the role of taxation in the business decision-making
process; and to provide students with a knowledge of the interrelationship and differences between
financial accounting and tax accounting.
Materials: Required:
Taxation of Business Entities, 2014, Smith, Raabe, Maloney
Recommended:
Lecture Outline Notes may be downloaded from Web Courses2.
Teaching & Learning Approach: The material will be covered using the traditional lecture format for
the majority of the subjects as well as problem solving, and class discussions. Because of the
complexity and the volume of the material covered, it is imperative that you have reviewed the
assigned chapter and attempted the assigned HW problems prior to coming to class.
Homework Assignments: Homework assignments will be posted on web courses and are used as
support for learning the material. Due dates for homework are listed on the class assignment portion
of the syllabus. Homework problems will be collected at the beginning of class and graded for
completeness and format. All work must be shown in order to receive credit for homework
problems. Each assignment is worth 4 points. Solutions for the homework will be posted on web
courses the day after they are due. The listed assignments are minimum suggestions. Additional
practice may be needed for successful completion of this course. Late Homework will NOT be
accepted.
Projects: Projects are due as noted on the syllabus. Approximately two weeks before the due date,
more information will be provided in class about each assignment. Tax Projects may not be
completed using Tax Software. Late Projects will NOT be accepted.
Success in this course requires a three-pronged approach as follows:
1.
In-depth study of each chapter prior to coming to class,
2.
Timely completion of homework assignments,
3.
Regular class attendance and participation.

Most students underestimate the time and effort required to be successful in

this course.
Evaluation: Attendance and class participation are important. Any student who misses class is
responsible for obtaining notes from a classmate regarding any changes in assignments, exam dates,
material covered in class discussion, handouts, etc. The student is responsible for all material and
announcements given in class whether present or not.
Examinations: Exams will be given in two portions, with the first portion consisting of long problems,
and the second portion consisting of true-false and multiple choice questions and problems. The long
problem portion of the exam will be given during the regular class period on the same day as the
computer lab portion. The second portion will be given in the College of Business Testing Lab located
in BA II, Room 104, under a flexible testing environment. The flexible testing environment allows you
to take the test in the testing lab anytime during a scheduled range of times for that particular exam.
The schedule for each exam is listed on the assignment sheet portion of the syllabus. You will be
allowed up to 80 minutes to complete the computer lab portion of each exam. Please keep track of
your time while taking the exam because you will not be allowed any additional time once the 80
minutes have expired. You may bring a non programmable calculator to the exam, and you will be
allowed one 8 x 11 note sheet handwritten both sides. You will not be allowed to take the help
sheet out of the lab after the exam. NO makeup exams will be given. An unexcused absence from
an exam will result in a grade of zero for that exam.
Academic Dishonesty: Use of any item in the testing lab other than those listed above is not allowed
and will constitute cheating. Accessing any internet resource, including class notes is also
considered cheating. In addition, providing information to other students regarding test questions and
answers prior to the end of the testing date is not allowed and is also considered cheating. Any
incident of cheating in this course will result in an F for the course and will be reported to the Office of
Student Conduct in accordance with the Golden Rule.
Grades will be based as follows:
Exam 1
Exam 2
Exam 3
Final Exam
Projects (3)
Homework
Class Participation

100 points
100 points
100 points
100 points
70 points
35 points
35 points

Total

540 points

A = 90% x 540 = 486

B+= 87% x 540 = 470
B = 80% x 540 = 432
C+= 77% x 540 = 416
C = 70% x 540 = 378
D = 60% x 540 = 324
F = less than 60%