Introduction to Business Entity Taxation

Student Learning Outcomes, Goals, Objectives:

Students successfully completing this course will be able to:

• Apply the tax law to the operations of business entities.
• Develop and improve tax research skills including the use of tax databases to analyze and apply the law to specific fact situations.
• Improve written communication skills through written tax research projects.
• Demonstrate the ability to distinguish financial and tax income concepts.
• Apply tax law concepts to factual situations using entity return projects.
• Analyze the tax impacts of business property transactions.

Course Grading Information:

Activity/Performance Measure	Percentage/Points
Midterm Exam 1	20%
Midterm Exam 2	20%
Final Exam (Comprehensive)	20%
Tax Research Projects (2)	10%
Tax Return Projects (2)	10%
Homework (5 points are for completing course eval) and required statements	20%

Homework is essential to success in this course. For each chapter there will be homework problems assigned. These assignments reflect the material covered in the chapter and will reinforce learning if students discipline themselves to work the problems. Homework is required and will be completed in the MyAccountingLab system. The result of successful completion of the homework assignments should result in better performance on the exams and other assignments. In order for the student to be successful in this course, one must view and use the textbook as but only one source among many to achieve the goals outlined above.

Exams will also be completed in MyAccounting Lab. We will discuss this in our class intro video as well.

The class lectures are posted in the modules videos tabs for each module. Students should view this material prior to attending class. Class sessions will generally be used to answer student questions about subject matter and go over homework assignments about which students have specific questions. These will be posted after for those students not able to attend the session. There is a lot of material in the text and due to time constraints, not all of which will be specifically covered in class. The student must take responsibility for his/her own learning by reading the material in the chapter, preparing the homework assignments prior to coming to class, and by participating in class discussions on the relevant topics.

You will be required to complete tax return problems and research tax issues. The tax returns must be done manually using IRS forms that can be obtained from the IRS web site. These assignments are intended to get you to put all the information that you have learned over the course together in an integrative fashion to enhance your overall understanding of important tax concepts and the applications of those concepts in a practical manner. Completion of the tax return will reinforce the material in the chapters and information gathered elsewhere (i.e., Internet, tax research, etc.). Late assignments will not be accepted for any reason.

You may not seek advice or provide assistance from/to anyone else, the IRS, tax professionals, etc. Questions should be referred to the professor of the class. You are to attach a statement to this effect on the face of the completed return and the research projects.

Grading Scale

Percentage	Letter Grade
93.0 – 100.0%	A
90.0 – 92.9%	A-
87.0 – 89.9%	B+
83.0 – 86.9%	B
80.0 – 82.9%	B-
77.0 – 79.9%	C+
70.0 – 76.9%	C
Below 70.0%	F

Attendance/Participation:

Attendance/participation is not a graded component included in the student's final grade for this course.

Course Materials Purchased by the Students:

Prentice Hall’s Federal Taxation 2026 Comprehensive With MyAccountingLab. Homework and testing will be done through the MAL system.

This course is part of an inclusive access model called First Day. You can easily access the required materials for this course at a discounted price and benefit from single sign-on access with no codes required in Canvas. The UNCG Cashier's Office will bill you at the discounted price as a course charge for this course. It is NOT recommended that you Opt-Out as these materials are required to complete the course. You can choose to Opt-Out on the first day of class, but you will be responsible for purchasing your course materials at the full retail price and access to your materials may be suspended. Students have until the University add/drop date to “opt out.”