University of Central Florida
College of Business Administration
Kenneth G. Dixon School of Accounting
Tax 6845  Tax Planning and Consulting
Instructor: Dale Bandy Office: BA 435
Office hours: M 4:20-5:00, T 1:30-2:30, W 1:30 - 4:30  Office phone:  (407) 823-2964
E-mail: dbandy@bus.ucf.edu Web site: http://pegasus.cc.ucf.edu/~bandy 
Term: Fall 2005 Credit: 3 semester hours
Objective: The objective of this course is to provide graduate tax and accounting students with the knowledge necessary to adequately consider taxes when making business and investment decisions.

Sources: Commerce Clearing House's Master Tax Guide. A number of additional sources beneficial will prove beneficial. Textbooks for Tax 4001 and Tax 5015, tax services, and many other sources may be relied on for information. The above listed  Web page includes links that provide access to the Internal Revenue Code, Treasury Regulations, Florida sources,  multi-state and multinational sources.  A set of course notes is also available on the web.

Prerequisites: Tax 4001 and graduate standing. Tax 5015 is recommended.

Grading: Course grades will be based on  three equally weighted examinations and nine cases. The exams will count either 75% or 90% of your final grade and the cases will make up the balance depending on which weighting results in a higher percentage grade for you.  Plus and minus grades are rarely assigned.

Cases: You are expected to solve the assigned tax planning cases. Successful completion of the assigned cases requires: (1) an understanding of capital budgeting, (2) an understanding of relevant tax provisions, (3) an understanding of tax planning methods, and (4) substantial effort and time. Late assignments will be penalized.

Exams: The  examinations will include essay questions and problems. Make-up examinations are rarely given and may involve a penalty.
 
 
 
 
 
 
 
 
 
 
                                         Reading and Case Assignments
Date Subject Case Text Code Sections
  Aug.   24 Introduction
           31  Introduction 1 15, 20 465,469,163
  Sep.    7 Beginning a business 2, 3, 4,15 351,385
           14 Beginning a business 2 9 263A
           21 Examination I
           28  Operating a business 12,17,18
  Oct.    5 Operating a business 3
           12 Operating a business 4 21& special 401-404,410-412
           19 Operating a business 5 24 and West 15
           26 Examination II
  Nov.    2  Operating a business 6 14 55-59
            9  Operating a business
           16 Family tax planning 7
           23 Family tax planning 8
           30  Tax-exempt organization 9 6 501-514
   Dec.   7 Examination III 
Special Readings
1. Special reading assignment on retirement plans found in course notes on the Internet. 
2. "Multistate Corporate Taxation," Chapter 15 of West's Federal Taxation: Corporations, Partnerships, Estates and Trusts which is on reserve in the library.  Many of you have the book from Tax 5015.