ACCT 344, Assignments, Fall 2009

All homework assignments, group or individual, are due not later than 1:00 PM on the date indicated below. Except for tax returns, homework is to be submitted by email to brownwp@longwood.edu. Tax Returns and draft client letter should be submitted as hard copy at the start of class on the date indicated below.

Readings are text book chapters. 'In Class' items will be used during the class. (Be prepared!) 'Written' homework is due on the date shown.

Individual homework problems are due not later than 4:00 PM on the date shown. Tax returns (TR) should be prepared following the instructions in the separate handout. Tax strategy, case and research problems appear at the end of each chapter. Hard copies of tax returns are due on the date shown. Answers to other assignments should be emailed to brownwp@longwood.edu.

All submitted work is to be done by each individual working alone.

Last updated: Friday, September 4, 2009, 11:24 AM.

ACCT 344 Assignments Fall 2009
Date Reading Topic In Class Individual
Homework

Aug 24 1 Introduction to Taxation

26 1 Understanding Federal Tax Law 1-1, 1-7, 1-9, 1-12, 1-21, 1-25, 1-26, 1-29, 1-30, 1-31, 1-37, 1-47

31 2 Exemptions 2-1, 2-2, 2-3, 2-5, 2-11, 2-13, 2-14, 2-18, 2-29, 2-30, 2-31, 2-33, 2-34, 2-36, 2-37, 2-38, 2-40, 2-41, 2-49

Sep 2 2
C:1 Filing Status
Tax Law 2-42, 2-43, 2-44, 2-45, 2-52, 2-53
I:1-48

9 C:1 Tax Research
c1-1, c1-11 thru c1-16, c1-20, c1-21, c1-23, c1-29, c1-33, c1-34, c1-41

14 C1
I3 Online Resources<1>Gross Income: Concepts 3-34 thru 3-56 2-65

16 3
4 Gross Income: Inclusions
Gross Income: Exclusions 3-57, 3-59
4-33 thru 4-55

21 4 Gross Income: Exclusions 4-56, 4-61, 4-62 3-62

23 5 Property Transactions 5-33 thru 5-60 TR 3-61

28 5 Capital Gains and Losses 5-61, 5-62, 5-68, 5-72 4-60

30 Test #1

Oct 5 6 Deductions and Losses 6-33 thru 6-58

7 6 Deductions and Losses
Itemized Deductions 6-59, 6-64, 6-65

12-13 Fall Break

14 7 Losses 7-35 thru 7-59 6-66

19 7
8 Losses; Bad Debt 7-60, 7-62

21 8 More Losses 7-67

26 9 Passive Activities 9-52 thru 9-78;

28 9 Itemized Deductions 9-80, 9-84, 9-85 8-68

Nov 2 10 Cost Recovery 10-49, 10-52, 10-53 TR 7-63

4 11 Accounting Periods & Methods 11-59, 11-61, 11-66

9 12 Cost Recovery
Accounting Periods & Methods 12-26 thru 12-52 10-50

11 12 Non-taxable Exchanges 12-58, 12-54, 12-60

16 Test #2

18 13 §1231 Gains & Losses; Recapture of Gains 13-32 thru 13-63 TR 9-81

23 13 §1231 Gains & Losses; Recapture of Gains 13-64, 13-66, 13-69, 13-70

25-29 Thanksgiving Break

30 14 Special Computation Methods, Tax Credits 14-42 thru 14-66 13-71

Dec 2 14 Special Computation Methods, Tax Credits 14-67, 14-68, 14-71

Dec 11 3:000AM - 5:30PM Final Exam

ACCT 344 Assignments Fall 2009
Date	Reading	Topic	In Class	Individual Homework
Aug 24	1	Introduction to Taxation
26	1	Understanding Federal Tax Law	1-1, 1-7, 1-9, 1-12, 1-21, 1-25, 1-26, 1-29, 1-30, 1-31, 1-37, 1-47
31	2	Exemptions	2-1, 2-2, 2-3, 2-5, 2-11, 2-13, 2-14, 2-18, 2-29, 2-30, 2-31, 2-33, 2-34, 2-36, 2-37, 2-38, 2-40, 2-41, 2-49
Sep 2	2 C:1	Filing Status Tax Law	2-42, 2-43, 2-44, 2-45, 2-52, 2-53	I:1-48
9	C:1	Tax Research	c1-1, c1-11 thru c1-16, c1-20, c1-21, c1-23, c1-29, c1-33, c1-34, c1-41
14	C1 I3	Online Resources<1>Gross Income: Concepts	3-34 thru 3-56	2-65
16	3 4	Gross Income: Inclusions Gross Income: Exclusions	3-57, 3-59 4-33 thru 4-55
21	4	Gross Income: Exclusions	4-56, 4-61, 4-62	3-62
23	5	Property Transactions	5-33 thru 5-60	TR 3-61
28	5	Capital Gains and Losses	5-61, 5-62, 5-68, 5-72	4-60
30		Test #1
Oct 5	6	Deductions and Losses	6-33 thru 6-58
7	6	Deductions and Losses Itemized Deductions	6-59, 6-64, 6-65
12-13		Fall Break
14	7	Losses	7-35 thru 7-59	6-66
19	7 8	Losses; Bad Debt	7-60, 7-62
21	8	More Losses		7-67
26	9	Passive Activities	9-52 thru 9-78;
28	9	Itemized Deductions	9-80, 9-84, 9-85	8-68
Nov 2	10	Cost Recovery	10-49, 10-52, 10-53	TR 7-63
4	11	Accounting Periods & Methods	11-59, 11-61, 11-66
9	12	Cost Recovery Accounting Periods & Methods	12-26 thru 12-52	10-50
11	12	Non-taxable Exchanges	12-58, 12-54, 12-60
16		Test #2
18	13	§1231 Gains & Losses; Recapture of Gains	13-32 thru 13-63	TR 9-81
23	13	§1231 Gains & Losses; Recapture of Gains	13-64, 13-66, 13-69, 13-70
25-29		Thanksgiving Break
30	14	Special Computation Methods, Tax Credits	14-42 thru 14-66	13-71
Dec 2	14	Special Computation Methods, Tax Credits	14-67, 14-68, 14-71
Dec 11	3:000AM - 5:30PM	Final Exam

If you have any questions, please e-mail me at brownwp@longwood.edu.

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