TAX4001 Section 591
Concepts of Federal Income Taxation
School of Accountancy
Liz Carlson, CPA, CFP
, CFF, CVA
Office: SMC 225
Tuesday from 4:30PM to 5:45PM and Friday from 1:30 to 2:45 or by
I am always glad to help you, and I strive to have maximum availability to
E-mail is by far the best way to contact me from off campus.
Prentice Hall’s Federal Taxation: Comprehensive, 2011, Pope,
Anderson and Kramer (ISBN-10: 013213859X ISBN-13:
Other course materials:
Access to individual income tax preparation software will be
helpful, but is not required.
Alternatively, you can do a “pen and ink” tax return.
Blackboard contains many supporting documents and/or references for your use,
including the solutions manual, power point presentation and links to various tax sites.
Course Description, Purpose, Goals, and Objectives:
The purpose of this course is
federal taxation is to explore the tax attributes of taxation of individuals, allowing the
students to acquire an understanding of the concepts of taxable income, deductions,
and alternative tax treatments as they apply directly and indirectly to individuals, an
appreciation of the value of tax planning, the possibilities for legitimate tax minimization,
and the economic effects of taxation, and an insight into tax issues involved in
individual taxation theory.
The class will consist of lectures and discussions (i. e. you will be called
on in class), assigned readings, exercises and problems, and a case presentation.
Students are responsible for all material assigned, material covered in class, and any
announcements made in class or via email, such as changes in reading assignments,
changes in homework assignments, changes in due dates, etc.
Always bring your
textbook to class,
since we will go over the homework in class and I will often refer to
illustration in the text. Students are expected to attend class and to participate in
classroom discussions of assigned cases, exercises and problems.
attendance and good class notes are essential for successful completion of this course.
Students are expected to have read the assigned material and have reviewed assigned
homework prior to the date the material is covered in class.
Class interaction is to
provide enhanced understanding of material, not an original learning experience. In