UCLA Extension SUMMER 2018

Federal Income Tax – Individuals Dodd 175

Monday 6:30-9:30 Instructor – Gregory M. Habib

CPA MST EA (818) 919-3907

Pacific279@g.UCLA.edu Due Lecture Item Date Sess Chap Topic Due

for he who does not understand his words is no better than a donkey loaded with books.

- Kahlil Gibran Note: All homework problems are to be prepared in pencil and turned in on a copy of 2017 Form 1040 which can be downloaded from www.irs.gov

Jun 25, 2018

1

1,2

Introduction to Taxation

Jul 2 2

3

Tax determination; Resume Filing status; Exemptions

Jul 9

3

10

Itemized Deductions

Prob 3-54 DEAN

( prepare 2017 1040 on all HW )

Jul 16

4

4

Gross income

Prob 10-46 DECKER

Part I only

Jul 23

5

5

Income Exclusions

Prob 4-58 BUTLER Part I only

Jul 30

6

6,7

Deductions; Losses

Test #1 issued and is to be postmarked by 8/2

Prob 5-58 OLD

Covering chaps 3,10,4,5

Aug 6

7

8

Depreciation

Projects A + B assigned

Prob 6-57 DIAZ; Part I only Prob 7-58 SMITH, Part I only

UCLA Extension SUMMER 2018

Federal Income Tax – Individuals Dodd 175

Monday 6:30-9:30 Instructor – Gregory M. Habib

CPA MST EA (818) 919-3907

Pacific279@g.UCLA.edu Due Lecture Item Date Sess Chap Topic Due

Aug 13

8

9

Employee Business

Expense

Prob 8-58 SMITH No letter (Note: prepare 2017 1040)

Saturday, Aug 18

9

13

Credits and Payments

Prob 9-54 COLE No letter (Note: prepare 2017 1040. Part 1 only Adj all yrs by +1

Aug 20

10

14

Prop Trans – basis

Test #2 issued and is to be delivered by Aug

25 in class

Prob 13-51 JORDAN Part I only Covering chaps 6,7,8

Saturday, Aug 25

11

15

Prop Trans – exchanges

Prob 14-58 BENSON Part I only (Note: prepare 2017 1040)

Aug 27

12

16

Prop Trans –

residence

Work on Projects in class

Sep 5 or 6

13

-

Final exam in class 3 hrs starting 6:30

Projects A & B due

Action without study is fatal; Study without action is futile

Note: All homework problems are to be prepared in pencil and turned in on a copy of 2017 Form 1040 which can be downloaded from www.irs.gov

Department of Business & Management

COURSE SYLLABUS & OUTLINE Course Title:

Quarter:

Instructor:

Meeting

Times:

Location:

Federal Income Tax X127 Summer, 2017 , Gregory M. Habib CPA; MST, EA #123 827 N Hollywood Way Burbank, CA 91505 (818) 919-3907 pacific279@g.ucla.edu Monday, June 25th – September 5th or 6th, 13 mtgs. 6:30 – 9:30 pm UCLA campus, 175 Dodd Hall

Book: West’s Federal Taxation – Individual Income Taxes: 2018 ed.

Please remove the tax software CD (if any) at the front of the book

and turn it in UNOPENED with your name on it. It will be returned

in time to complete the assigned projects.

Course Objective:

The course will introduce the participant to the fundamentals of

federal income taxation of individuals through the use of practical

problems.

Other: Each participant is responsible for the topics covered including the

materials assigned, lecture notes, class discussions, handouts, and

materials presented in class. IT IS YOUR RESPONSIBILITY to

obtain missing material and lecture notes if a class is missed and to

submit homework and tests timely. It is strongly recommended that

participants form study groups. Note: attendance is part of the

homework grade. Homework is due PROMPTLY at 6:30 on the

date it is due.

Grading:

Resume 20

Homework 10 x 20 200 22%

Tests 2 x 100 200 22%

Projects 2 x 150 300 33%

Final 200 22%

920 100%

All Grades are final

- +

A 810 - 840 841 - 871 872 +

B 720 - 750 751 - 781 782 - 805

C 630 - 660 661 - 691 692 - 715