Course Content and Outcome Guide for BA 9703
- Posted by:
- Curriculum Office
- Course Number:
- BA 9703
- Course Title:
- Income Tax Preparation: Basic
- Credit Hours:
- Lecture hours:
- Lecture/Lab hours:
- Lab hours:
- Special Fee:
Course DescriptionElements of taxation. Meets the statutory educational requirements for those wishing to be licensed income tax preparers in Oregon.
Addendum to Course DescriptionThis course is generally non-transferable to four-year institutions.
The student should consult the Business Division for a listing of the approved text and supplemental materials. Current prices for
materials may be found in the PCC bookstore.
Course Activities and Design
Instructional methods include class discussion, lecture, problems and case studies. This is a "hands on" course. Forms and
schedules will be stressed.
Outcome Assessment Strategies
At the beginning of the course, the instructor will detail the
methods used to evaluate student progress and the criteria for
assigning a course grade. The methods may include one or more of
the following tools: Examination, quizzes, homework assignments,
research papers, small group problem solving of questions arising
from application of course concepts and concerns to actual
experience, and oral presentationes. Pass/No pass grading is
The following factors will influence the student's ability to
complete the defined outcomes: Motivation, attendance, speed of
mastering the subject matter, and timeliness of assignments.
EXPECTED STUDENT COMPETENCIES:
How to complete individual tax returns.
How exemptions and dependents influence taxes paid.
Reporting exemptions and dependents
Income in the broad sense as opposed to income that is not
subject to tax.
Effect of exclusions on return
How money can be saved by deducting part of medical, dental, and
some unreimbursed employee expenses.
Medical and dental expenses
Unreimbursed employee expenses
How money can be saved by deducting some taxes, interest,
contributions, and medical expenses.
Deductible medical expenses
How to calculate tax.
Tables and charts
Understanding the basics of Oregon tax law.
Other Oregon forms and schedules
How to calculate adjusted gross income.
Understanding and applying depreciation.
Determining gain or loss from sale of depreciable property
How to report income not covered elsewhere.
Prizes and awards
Gambling winnings and losses
How to calculate self-employment tax.
How credits affect the amount of taxes paid.
Credit for child care
Credit for elderly and disabled
Credit for foreign taxes
The taxability of proceeds from the disposition of business
Course Content (Themes, Concepts, Issues and Skills)
Property through sale or exchange
Capital gains and losses
How gain on the sale of a personal residence may be deferred, and
how to deduct certain moving expenses.
Sale of residence
How to calculate taxes and payments not covered elsewhere.