Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

University of Texas at Dallas

Instructor: Arthur M. Agulnek, Office: SOM 4.222

CPA

Office Phone: 972-883-4773 Home Phone: 972-867-6877-Do not call

before 9AM or after 9PM.
For emergency use only!

Fax # 972-867-4245 (home) Email: UTD axa022000@utdallas.edu

Do not use before
9AM or after 9PM

Home:
Home Page: utdallas.edu/~axa022 You must use your UTD
000 mailing address or webCT
mail when communicating
with me. I will not respond
to personal e-mail
addresses

Office Hours: BY APPOINTMENT

TextBook West Individual Thomson-
Income Taxes-2006- Southwestern
Hoffman,Smith & Publishing
Willis

Course Objectives

To Use Critical Thinking

Ø To understand and apply income tax concepts which influence decisions of

individuals. The course will concentrate on tax effects in the following
areas:

1. The Basic Tax Model-See Inside Front Cover of Textbook

a. Computing Tax Liability
b. Determining Exemptions
2. Determining Gross Income
3. Determining Deductions
4. Tax Effects of Property Transactions

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

Ø To determine the tax liability for individual taxpayers with varying tax
situations.

Ø To apply concepts to determine the best course of action for individual

taxpayers when confronted with options involving tax planning.

To Understand the Ethical Considerations in Tax Practice

Ø To appreciate the requirements and concepts contained in the Statement

on Responsibilities in Tax Practice.

Ø To understand the ethical issues that confronts both individual taxpayers

and tax practitioners on a day-to-day basis.

To Enhance Communication Skills

Ø Class participation and discussion will improve communication skills.

Grading System

Maximum
Points

1. Two Tests 200

2. Preparation of Tax Return 100

3. Final Examination 150

4. Classroom Participation 50

TOTAL POINTS 500

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

Undergraduate
Grading Scale

Grade From To
A+ 485 500
A 460 484
A- 440 459
B+ 425 439
B 410 424
B- 390 409
C+ 375 389
C 360 374
C- 340 359
D+ 325 339
D 310 324
D- 295 309
F 0 294

Please note the above schedule for final grading.

Tax Returns: Information concerning the tax returns and the online
service available to you will be posted in webCT. The tax return is due
no later than November 14, 2005.You must use a tax preparation
software product—a typed return is unacceptable and will result in
a zero.

Class Participation: Students should read the assigned chapter and

complete the assigned problems prior to class and participate in class
discussion. The final grade for the course may be enhanced as a
result of class participation.

There will be a 5 point penalty per day for each day that an
assigned project is late. If you can NOT be in class when an
assignment is due e-mail or Fax are satisfactory ways of
complying with due dates.

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

Final Examination: The final examination will be limited to Chapters 12,

14- 17. The Final Examination will be on Monday night , November
28, 2005.

Academic Integrity

Each student in this course is expected to exercise independent scholarly thought,

expression and aptitude. This addendum to the course syllabus is provided to assist
you in developing and maintaining academic integrity while seeking scholastic
success.

General Comments:
• All academic exercises (including assignments, essays, laboratory
experiments and reports, examinations, etc.) require individual, independent
work. Any exception(s) will be clearly identified i.e. team projects
• Be sure your name or identifying number is on your paper.
• Complete and turn in academic exercises on time and in the required format
(hardcopy, electronic, etc.).
• Retain confirmation of document delivery if submitted electronically.
• Retain all research notes and drafts until the project or assignment has been
graded.
• Obtain written authorization from your instructor prior to submitting a portion of
academic work previously submitted for any academic exercise. (This includes
an individual or group project submitted for another course or at another
school.)

Essays and Significant Papers:

Be prepared
• To present periodic drafts of work in process
• To correctly and completely reference all sources of information using the citation
format prescribed
• To turn your completed assignment in timely and in the prescribed manner
(electronic, hardcopy, etc.)

Examinations:
Be prepared
• To leave all personal belonging at the front of the room or other designated location
(this includes cell phones, turned off of course, and beverage containers)
• To present your UTD Comet Card
• To remove your cap or hat
• To remove the batteries from any electronic device (e.g. calculator)
• To exchange blue books or bring them early as required

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

• To change seating
• To sign out when exiting the testing room
• To be escorted for lavatory use

All episodes of suspected scholastic dishonesty will be reported according to

University policy. Students who violate University rules on scholastic dishonesty are
subject to disciplinary penalties, including the possibility of failure in the course and/or
dismissal from the University. Since such dishonesty harms the individual, all
students and the University, policies on scholastic dishonesty will be strictly enforced.
Penalties that may be assessed for scholastic dishonesty may be reviewed in
Subchapter D. Penalties at http://www.utdallas.edu/student/slife/chapter49.html.

Week # Date Topic Assignments

1
Introduction None
8/22/05 Chapter 1 Class Discussion
Questions and Problems – 11,12,15,17,18,22,26,39,45,51and
54

2
Chapter 2 Class Discussion
8/29/05 Questions and Problems – 2,9,19,22,29,44,48 and 50
Chapter 3 Class Discussion

9/5/05 Labor Day-No Class Scheduled

3
Chapter 3 Questions and Problems – 2,3,4,7,8,9,10,11,12,13,19,20,21,
9/12/05 28,39,and 42
Chapter 4 Class Discussion

4
Chapter 4 Questions and Problems – 2,3,4,6,7,8,12,17,19,31,38,40,
45,and 60(put data onto workpaper)
9/19/05

Chapter 5 Class Discussion

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

9/26/05 Chapter 5 Questions and Problems – 2,5,8,11,12,21,28,31,34,

47,48& 59(prepare to discuss)

6
Class Discussion
9/27/05 Chapter 6 Questions and Problems –

2,4,8,11,17,19,21,29,34,45,50,51,53, 61& 63 (put data on

workpaper)

7 10/3/05 Test #1 Chapters 1-6

Chapter 7 Class Discussion

Questions and Problems - 3,4,8,9,10,21,31,34,36,37,39,40,49
and 53(put data on workpaper)

8 10/10/05
Class Discussion
Questions and Problems –
Chapter 8 4,30,31,32,35,38,39,50,54,55,56,57&59
(depreciation section only)

9
Chapter 9 Questions and Problems
2,3,8,10,11,19,20,34,38,39,40,44 &45
10/17/05

Class Discussion
Chapter 10 Questions and Problems 2,6,12,16,24,28,29,32,38,39,40,&43
On-line Research Paper Due

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

10
10/24/05 Chapter 11 Class Discussion

Questions and Problems – 4, 11, 17, 18, 26, 34, 38, 40, 50 &
56

11
10/31/05 Test #2 Chapters 7 – 11

12 11/7/05 Chapter 12 Class Discussion

Questions and Problems –4, 5, 13, 17, 31, 39, 42, 43, 47, 54,
& 58

Chapter 14 Class Discussion

Questions and Problems –
6,12,15,16,18,22,30,36,42,44,48,49,50,and 59

13

Chapter 15 Class Discussion

Questions and Problems 6,20,21,28,31,35,39,49,50, & 55
11/14/05

Chapter 16 Questions and Problems – 7, 19, 24, 26, 29, 30, 34 & 37

Tax Return due

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 Tax Accounting – Individual Taxation - AIM 3351 – Fall, 2005

14

Class Discussion -12, 15, 23, 37, 38,42, 45, & 49

11/21/05 Chapter 17

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11/28/05 Final Chapters 12, 14-17