ACT 202 Principles of Taxation

COURSE NAME:  ACT 202 PRINCIPLES OF TAXATION

Course Description (Detailed Syllabus is released upon registration)

Students will learn the principles of taxation.  Upon completion of this course students will be able to: 1) discuss advantages for tax compliance including exemptions, loss of deductions and/or credits, and tax strategies and planning for businesses and individuals, 2) explain the tax preparer's methods used when solving routine complex tax problems, and the reliable sources for researching federal and state tax laws, 3) discuss the history of tax accounting principles and the evolution made in light of complex business environments including cash and accrual methods, and  4) outline the basic Internal Revenue Service rules, tax procedures, statute of limitations, penalties, and the calculations for refunds and deficiency interest.  

Prerequisites

None

Required Resource Purchases

Textbook’s name, author’s name, and the ISBN will be released to the students upon registration.  . 

Software and additional resources, including author’s name and the ISBN will be released to the students upon registration.    

Additional Materials for Learning

1. Access to a printer or printing shop such as FedEx Kinko’s
2. Access to high speed Internet and a reliable computer
3. E-mail account that will be checked daily

 Course Grading and Policies

1. Points from:  Lessons, Assignments, Tests, Classroom Discussion, and Course Portfolio are factors in grade point calculation.
2. A = 90% – 100%, B = 80% – 89%, C = 70% – 79%, D = 60% – 69%, F = 59% and Below.
3. Late Assignment Policy: If unable to complete assignments or tests on time, please contact your instructor before the due dates.  Assignments or tests submitted after the due date without appropriate excuse and pre-approval will receive a zero score.

Award Upon Completion

The student will receive 3 Credit Hours upon completion of this course.