Oct 25, 2020  
2019-2020 Catalog 
2019-2020 Catalog [ARCHIVED CATALOG]

ACC 124 - Individual Tax Procedures

Class: 3 Credits: 3
This course is a study of the basic income tax structure from the standpoint of the individual, including the preparation of individual income tax returns.

Prerequisite(s): Take ACC 101  or ACC 111  with a minimum grade of “C”.
Course Topics:
  • History of the tax system
  • Depreciation
  • Capital Gains and Losses
  • Payroll Taxes
  • Credits and Special Taxes
  • Earned Income Credit, Child Tax Credit, and Education Tax Credits
  • Tax forms for a Partnership and Corporation
  • Tax Planning
  • Prepare Schedules A, B, C, D, E, SE
  • Prepare Tax Forms 1040, 1040A and 1040EZ
  • Retirement Plans

Textbook information can be found on the Book Inn Web site www.sccsc.edu/bookstore
Required Materials:
Computer and Internet Access
Grading System:
An overall grade of C or higher is required for transferability.

A 90 - 100
B 80 - 89
C 70 - 79
D 60 - 69
F 0 - 59

Student Learning Outcomes:
  1. Summarize and apply the components of an individual income tax return.
  2. Differentiate between the tax treatment of gross income and exclusions.
  3. Record business expenses, retirement plans, and employee expenses on tax forms.
  4. Record itemized deductions and credits.
  5. Apply various depreciation methods and calculate capital gains and losses.
  6. Record withholdings, estimated payments and payroll taxes on appropriate tax forms.
  7. Apply tax concepts to partnerships and corporations.
  8. Identify effective tax administration and tax planning techniques.

For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Policies that include:

  • Required materials for all online courses
  • Mandatory Attendance Requirement
  • Proctored Exams

Standard SCC Course Policies:
Please review the Standard SCC Course Polices on the following topics:

  • Academic Integrity
  • Academic Misconduct
  • Add/Drop period
  • Appeals Process
  • Class Attendance
  • Classroom Behavior (traditional and online)
  • Classroom Conduct/Expectations
  • Lab Procedures (general SCC policy regarding this)
  • Online Confidentiality
  • Services For Students with Disabilities
  • Withdrawal Policy

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