District Syllabus
Income Tax Procedures

Credit Hours: 3
Contact Hours: 3
Laboratory Fee: None.
Prerequisites: ACG2001 Accounting I
ACG2021 Financial Accounting Principles
Corequisites: There are no corequisites for this course.
Catalog Description:
A study of current Federal Income Tax Laws and 
rules as they apply to individual income tax returns. Actual tax 
forms are studied and prepared by the student. Topics include gross 
income, inclusions, and exclusions, personal itemized deductions, 
tax credits and pre-payments, capital gains and losses, and rental 
and self-employment income.
Required Materials: Books:
  • Cruz. Fundamentals of Taxation 2014 (w/CD), 7 ed., McGraw-Hill, 2013. ISBN: 9781259162336
Supplemental Materials: Additional materials may be assigned by the instructor to supplement the required materials. -->
Special Requirements: NOTE: This educational software should be used on a Windows PC, will not operate on a MAC computer.
Program Learning Outcomes:
Upon completion of this course, the student will be able to:
1. The student will become familiar with the characteristics of the 
U.S. individual income tax system and the role of the Internal
Revenue Service in enforcing tax laws and collecting taxes.
2. The student will interpret tax rules to apply to specific 
3. The student will prepare current U.S. individual income tax
4. Upon completing this course, the student will be able to prepare
relatively complex tax returns applicable to most taxpayers.
Course Learning Outcomes:
Based on facts regarding various individual income tax situations,
the student will prepare Form 1040 U.S. Individual Income Tax Return 
and supporting schedules for interest and dividend income, itemized 
deductions, self-employment income, capital gains and losses, rental 
activities, depreciation deductions, and tax credits.
Methods of Evaluation:
Evaluation of student progress towards achieving the stated learning 
outcomes and performance objectives is the responsibility of the 
instructor, within the policies of the college and the department. 
Detailed explanation is included in the expanded syllabus developed 
by the instructor for each section being taught.
Flexibility: It is the intention of the instructor to accomplish the objectives specified in the course syllabus. However, circumstances may arise which prohibit the fulfilling of this endeavor. Therefore, this syllabus is subject to change. When possible, students will be notified of any change in advance of its occurrence.

Student Email Accounts: Pensacola State College provides an institutional email account to all credit students. Pirate Mail is the official method of communication, and students must use Pirate Mail when communicating with the College. In cases where companion software is used for a particular class, emails may be exchanged between instructor and student using the companion software.

Note: For students with a disability that falls under the Americans with Disability Act or Section 504 of the Rehabilitation Act, it is the responsibility of the student to notify Student Resource Center for ADA Services to discuss any special needs or equipment necessary to accomplish the requirements for this course. Upon completion of registration with the Student Resource Center for ADA Services office, specific arrangements can be discussed with the instructor.

Equity Statement: Pensacola State College does not discriminate against any person on the basis of race, ethnicity, national origin, color, gender/sex, age, religion, marital status, pregnancy, disability, sexual orientation, gender identity, or genetic information in its educational programs, activities or employment. For inquiries regarding Title IX and the college’s nondiscrimination policies, contact the Associate Vice President for Institutional Diversity/Title IX Officer at (850) 484-1759, Pensacola State College, 1000 College Blvd., Pensacola, Florida 32504.