This page is under construction for Acct 4220 for fall, 2017.
T17S-Chap-00-Tst-3-Exam-Prb-WORD-SPRING-2017-March-7
T17S-Chap-00-Tst-3-Exam-SOL-EXCEL-SPRING-2017-APRIL-7
T16F-Chap-11-6A-RECP-Asset-Sales-Sec-1231-1245-1250-etc-July-27-2016
T16F-Chap-11-1B-Property-Disposition-November-20-2016-Godfrey
T17F-Chap-00-Tst-2-Exam-Prb-Spring-2017
T16F-Chap-00-Tst-2-Exam-Sol-Fall-2016-POST-March-16-2017
T17S-Chap-00-Class-Plan-Spring-2017-Acct-4220
ACCT4220-001-Tax-I-Syllabus-Spring-2017
T17S-Chp-00-Tax-Accounting-First-Class-Exercises-For-Jan-9-2017
T17S-Chap-00-Comprehensive-Example-Acct for Income Tax Expense
T16F-Chap-00-Accounting for Income Taxes-by-Godfrey, Duong, Humphries
Later, instructor will post a shorter version of the annual report above.
For now, use the complete annual financial report above.
The file above with questions also provides page numbers
in the annual report where relevant information is located.
T16F-Chap-00-Portrait-Tax-Rates-Sept-25-2016
T15F-Chap-00-Outline-EXCEL
The file above had a 2-page outline of the textbook
chapters that Dr. Godfrey will be covering, and includes page number
for each topic, along with relevant assigned Connect homework problems.
Password has been given to all class members, via Moodle2.
The name of the textbook is: “Essentials of Federal Taxation” (2017 edition) by Spilker and others, (Publisher: McGraw-Hill). Students will need to buy a license to use the “Connect” on-line homework system. Required homework is submitted through this system. You get an electronic version of the textbook, which is part of the Connect system.
A student may choose to purchase a hard copy (bound copy or loose-leaf copy). That is a costly option, but the option is available, (certainly not required).
The following file lists the topics a student should expect on the CPA Exam, in the tax area.
IND-15-Chap-00-CPA-Exam-Contents
/\/\/\/\/\/—– TESTS AND SOLUTIONS for course in Fall, 2015–posted below—/\/\/\/\/—
First test, 2016
T16F-Chap-00-Test-1-Prb-Fall-2016-Exam-Sept-25-2016-pdf-post
T15F-Chap-00-Tst-1-Exam-Prb-Fall-2015-Post -Webpage-July-19-2016
T15F-Chap-00-Tst-2-Exam-Prb-Fall-2015-Post-Webpage-July-19-2016
T15F-Chap-00-Tst-3-Exam-Prb-FALL-2015-PDF-Post-Webpage-July-19-2016
Note: the test questions in the three files above require the tax law for 2015.
They have not been updated to require 2016 tax law.
FINAL EXAM FROM FALL 2015.
Note that these questions are for 2015. Some answers will be different for 2016.
The 2016 final exam will have a case like the one on page 7.
See questions no. 30 through 34.
T15F-Chap-00-Tst-4-Exam-Prb-Word-Fall-2015-Post-Dec-2-2016
T15F-Chap-00-Tst-4-Exam-Sol-Fall-Excel-2015-Post-Nov-27-2016
Some files posted below have problems that will be updated to 2016.
=+=+=+= password for files will be given to class members in an email. =+=+=
/\/\/\/\/\/\/\/\/\/\/\/\/—– CHAPTER 1. INTRODUCTION TO TAX —-/\/\/\/\/\/\/\/\/\/\/\/\/\
T16F-Chap-01-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-01-1-First Class – Lowes-August-29-2016-no-pass
T16F-Chp-01-1A-Fed-Tax-An-Overview-2016
T16F-Chp-01-4-Tax-for-CAROL-also-Chap-2-August-30-2016
Some students seemed hesitant in answering questions about the
capital loss incurred by Lowe’s, and how they reported the
deferred tax asset, etc. If you need practice applying GAAP accounting
rules for corporate capital losses, you may want to review the following file.
The first tab in the Excel file has a sample problem.
The second tab has the solution. We will cover this in class.
16F-Chap-00-Acct-for-Income-Tax-CAP-LOSSES-August-28-2016
The following files contain supplemental homework prepared by the instructor.
Your first priority for homework is the Connect Homework assignment for each chapter– to be completed on-line in the McGraw-Hill Connect Systems.
T17S-Chap-01-2-Homework-Prb-WORD-Spring-2017-Jan-7-2017
T17S-Chap-01-2-Homework-Sol-WORD-Spring-2017-Jan-7-2017
T17S-Chap-01-2-Homework-Sol-EXCEL-Spring-2017-Jan-7-2017
T15F-Chap-01-3-Tax-Problems-of-Sarah
T16F-Chap-01-First-Tax-Computation-Problem-August-27-2016
T16F-Chap-01-Mary-Rich-Corp-and-Indiv-Tax-Return-July-20-2016
T16F-Chap-01-Summary-Tax-Problem-JOAN-July-24-2016
T16F-Chap-01-3-Tax-Computation-Spreadsheet-August-9-2016
T16F-Chp-01-4-Tax-Computations-for-CAROL-Sept-6-2016
T16F-Chap-01-3-Choosing-C-Corp-or-S-Corp-August-11-2016
T16F-Chap-01-8-Wang-Corp-Dividend-Planning-July-25-2016
/\/\/\/\/\/\/\/\/\/\/\/\/—–CHAPTER 2. TAX COMPLIANCE, IRS, TAX AUTHORITY—-/\/\/\/\/\
T16F-Chap-02-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-02-1A-Filing-Requirements-Responsibilities-2016
T16F-Chap-02-1B-Research-Sources-Etc-2016-Short
T16F-Chap-02-Key-Tax-Law-Code-Sections-July-25-2016
T16F-Chap-02-Code-Sec-1-61-62-63-121-31–July-26-2016
T16F-Chap-02-2-Homework-Prb-WORD-Fall-July-20-2016
T16F-Chap-02-2-Homework-Sol-WORD-Fall-July-20-2016
T16F-Chap-02-2-Homework-Sol-EXCEL-Fall-July-20-2016
T16F-Chap-02-Penalty-Late-or-Inaccurate-Return–Stat-of-Limitations-July-24-2016
T16F-Chap-02-Joseph-Peery-Alimony-Penalty-Case-TEXT-July-24-2016
T16F-Chap-02-Accuracy-Penalties-Peery-Case-COMPUTE-July-24-2016
T15F-Chap-02-Mortgage Interest Deduction-Qui Van Phan-2015
T16F-Chap-11-Like-kind-Exchange-Test-Question-Aug-10-2016
/\/\/\/\/\/\/\/\/\/\/\/\/\—-Chapter 3. TAX-PLANNING-STRATEGIES. Limits—-/\/\/\/\/\/\/\/\/\/\/\/\
T16F-Chap-03-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-03-1A-Instructor-Powerpoints-Fed-Tax-Planning-2016
T16F-Chap-03-1A-Excel-Lecture-Problems-Sept-13-2016
T16F-Chap-03-Capital-Gain-and-Loss-Rules-Summary-2016
T16F-Chap-03-2-Homework-Prb-WORD-Fall-July-20-2016
T16F-Chap-03-2-Homework-Sol-WORD-Fall-July-20-2016
T16F-Chap-03-2-Homework-Sol-EXCEL-Fall-July-20-2016
T16F-Chp-03-4-Capital-Gain-Loss-Illustration-July-26-2016
T15F-Chp-00-Acct-for-Income-Tax–Selected-FASB-Definitions
T15F-Chap-03-3-DEPRECIATION-deferred-tax-liability
T15F-Chap-03-Choice of Entity-2015-Short-Sept-15-2015
T16-Chap-03-Cap-Gain-Code-Sections-Heavily-Edited
/\/\/\/\—-CHAPTER 4. INDIVIDUAL INCOME TAX, EXEMPTION. FILING STATUS— /\/\/\
T16F-Chap-04-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-04-1-EXCEL-LECTURE-PROBLEMS-July-24-2016
Files named “Excel Lecture Problem” files contain many examples
and sample problems. There are more problems than we will have
time to cover, but we will have a collection of illustrations from
which to choose.
T16F-Chap-04-2-Homework-PRB-Word-Fall-Oct-2-2016
T16F-chap-04-2-Homework-SOL-Word-Fall-Oct-2-2016
T16F-Chap-04-2-Homework-Sol-EXCEL-Fall-July-21-2016
T15F-Chap-04-4-Qualifying-Child-or-Qualifying-Relative
/\/\/\/\/\/\/\—-Chapter 5. GROSS INCOME and ECLUSIONS —-/\/\/\/\/\/\/\
T16F-Chap-05-1-Publisher-PowerPoints-Fall-2016
T15F-Chap-05-1A-Gross-Income-and-Exclusions-2015-Godfrey-Post
File above was posted on October 5, 2015
T16F-Chap-05-1-CLASS-Lecture-Materials-EXCLUDE-EXCEL-July-25-2016
T15F-01A-Chap-05-Stock-Options-2015
T16F-Chap-05-2-Homework-Prb-Word-Fall-Oct-2-2016
T16F-Chap-05-2-Homework-Sol-Word-Fall-Oct-2-2016
T16F-Chap-05-2-Homework-Sol-Excel-Fall-Oct-2-2016
T15F-Chap-05-Duke-Proxy-Statement-2015-Stock-Options
T16F-Chp-05-4-Capital-Gains-and-Losses-July-26-2016
T16F-Chp-05-4-Capital-Gain-Loss-Illustration-July-26-2016
T15F-Chap-05-3-Section 83
T15F-Chap-05-Sections-421-422-423
T15F-Chp-05-5-Stock-Options
T15F-Chap-06-Worksheet for IRA phase-out etc
/\/\/\/\/\/\/\— CHAPTER 6. INDIVIDUAL FOR AGI Deductions—-/\/\/\/\/\/\/\
T16F-Chap-06-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-06-1A-Deductions-for-AGI-2015-Godfrey-Oct-13-2015
T16F-Chap-06-1B-Retirement-Plan-Basics-IRAs
T16F-Chap-06-1C-PowerPoint-for-Homework-Handout-Oct-11-2016
T16F-Chap-06-1-Lecture-Materials-FOR-AGI-EXCEL-Problems-July-26-2016
T16F-Chap-06-2-Homework-Prb-WORD-Fall-2016-July-21-2016
T16F-Chap-06-2-Homework-Sol-WORD-Fall-2016-July-21-2016
T16F-Chap-06-2-Homework-Sol-Excel-Fall-2016-Oct-4-2016
T16F-Clinton-Tax-Return-For-2015-Oct-16-2016
Clinton_2015_Form_1040_With_Signature_page
T15F-Chap-06-1A-Deductions-for-AGI-2015-Godfrey-Oct-13-2015
T15F-Chap-06-1D-Self-Employment-2015-Godfrey-Oct-13-2015
T15F-Chap-06-1B-Retirement-Plan-Basics-IRAs-Oct-13-2015
T15F-Chap-06-1C-Retirement Computations
/\/\/\/\/\/\/\— CHAPTER 7. INDIVIDUAL “FROM AGI” DEDUCTIONS —-/\/\/\/\/\/\/\
T16F-Chap-07-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-07-1C-PowerPoint-for-Homework-Handout-Oct-19-2016
T15F-Chap-07-1A-Deductions-FROM-AGI-2015-Godfrey-Oct-18
T16F-Chap-07-1-EXCEL-LECTURE-NOTES-Deductions-July-25-2016
T16F-Chap-07-2-Homework-Prb-Itemized-Word-Fall-October-7-2016
T16F-Chap-07-2-Homework-Sol-Itemized-Word-Fall-October-7-2016
T16F-Chap-07-2-Homework-Sol-Itemized-Excel-October-16-2016
T15F-Chap-07-4-Phase-out-Exemptions-and-Item-Deductions
T15F-Chp-07-Casualty Loss Cases
/\/\/\— CHAPTER 8. INDIVIDUAL INCOME TAX COMPUTATIONS. TAX CREDIT /\/\/\/\
T16F-Chap-08-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-08-1C-PowerPoint-for-Homework-Handout-Oct-23-2016
T15F-Chap-08-1A-Alternative-Minimum-Tax-Oct-25-2015
T15F-Chap-08-1A-Individual-Tax-Computation-Credits-10-31-2015
The following file actually has lecture problems for Chapter 8
T16F-Chap-08-2-Homework-Word-July-21-2016-Handout-Post
T16F-Chap-08-2-Homework-Prb-Tax-Credits-AMT-Word-2016-Nov-1
T16F-Chap-08-2-Homework-Sol-Tax-Credits-AMT-Word-2016-Nov-1
T16F-Chap-08-2-Homework-Sol-Tax-Credits-AMT-Excel-2016-Nov-12
T16F-Chap-08-Social Security and Medicare Tax on Wages-July-27-2016
T15F-Chap-08-Self-Employment_Tax -10-25-2015
T15F-Chap-08-4-AMT-Example-10-25-2015
T15F-Chap-08-7-AMT-Worksheet-Class-Problem-10-25-2015
/\/\/\/\/\– CHAPTER 9. BUSINESS INCOME, DEDUCTIONS. ACCT. METHODS /\/\/\/\/\/\/–
T16F-Chap-09-1-Publisher-PowerPoints-Fall-2016
T15F-Chap-09-1A-Business Income-Deductions-Acct-Methods-2015-Godfrey
T16F-Chap-09-1C-PowerPoint-for-Homework-Handout-Nov-7-2016
Please study the following page of FASB definitions in conjunction with your study of Chapter 9 material.
T16F-Chap-00-Acct-for-Income-Tax-Selected-FASB-Definitions
T16F-Chap-09-Great-Company-with-Unearned-Income-July-26-2016
T16F-Chap-09-2-Homework-Prb-Income-Deduct-Methods-Word-Nov-5-2016
T16F-Chap-09-2-Homework-Sol-Income-Deduct-Methods-Word-Nov-5-2016
T16F-Chap-09-2-Homework-Sol-Income-Deduct-Methods-Excel-Nov-5-2016
/\/\/\/\—-CHAPTER 10. PROPERTY ACQUISITION and COST RECOVERY—/\/\/\/\
T16F-Chap-10-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-10-1C-Powerpoint-for-Homework-Handout-Nov-13-2016-short
Guide-for-Test-no-3-Fall-2016
When studying for test, students should focus on the files above.
The following PowerPoint files are from the 2015 course.
They are longer than the file above – contain much of the same material, plus additional slides.
T15F-Chap-10-1A-Property-Acquisition-2015-Godfrey-Nov-9-2015
T15F-Chap-10-1B-Property-Depreciation-Godfrey-Nov-11-2015-Partial
This is a partial file
T16F-Chap-10-1-Lecture-Materials-EXCEL-PROBLEMS-July-26-2016
The file above mainly has illustrations of the impact of
depreciation (GAAP and Tax) on the financial statements.
The supplemental homework below has many problems illustrating
computations of basis, depreciation, amortization and depletion.
T16F-Chap-10-2-Homework-Prb-Word-Nov-6-2016
T16F-Chap-10-2-Homework-Sol-Word-Nov-6-2016
T16F-Chap-10-2-Homework-Sol-Excel-2016-Nov-13
/\/\/\/\/\/\/\/\—-CHAPTER 11. PROPERTY DISPOSITIONS—-/\/\/\/\/\/\/\/\
T16F-Chap-11-1-Publisher-PowerPoints-Fall-2016
T15F-Chap-11-1A-Property-Disposition–Cap-Assets-etc-Nov-16-2015-Godfrey
T15F-Chap-11-1B-Property-Disposition-November-23-2015-Godfrey
The following very short PowerPoint file has a few slides that illustrate
the very basic like-kind exchange rules.
T16F-Chp-11-3-Like-Kind-Exchange-Slides-July-27-2016
T16F-Chap-11-3D-Depreciation-Recapture-Summary-July-27-2016
T16F-Chap-11-3A-Depreciation-Recapture-Review-etc
T16F-Chp-11-6A-RECP-Asset-Sales-Sec-1231-1245-1250-etc-July-27-2016
T16F-Chp-11-3-Sale-of-Cap-Assets-and-Bus-Prop-July-27-2016
T16F-Chap-11-1-Lecture-Materials-EXCEL-PROBLEMS-July-26-2016
T16F-Chp-11-5C-Involuntary-Conversion-Section-1033-July-27-2016
T16F-Chap-11-Involuntary-Conversation-Test-Question-July-27-2016
T16F-Chap-11-Like-kind-Exchange-Test-Question-Aug-10-2016
T16F-Chp-11-2-Homework-Prb-Dispositions-July-22-2016
T16F-Chp-11-2-Homework-Sol-Dispositions-July-22-2016
T16F-Chp-11-2-Homework-Sol-EXCEL-Dispositions-July-22-2016
T16F-Chap-11-07-Depreciation-Recapture-Chart-July-26-2016
T15F-Chap-11-5-Like-Kind-Exchanges-Section 1031
/\/\/\/\/\/\/\/\—-CHAPTER 12. ENTITIES OVERVIEW—-/\/\/\/\/\/\/\/\
T16F-Chap-12-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-12-1-Corporate-Taxation-Handout-Godfrey-2016-Dec-04
T16F-Chap-13-1-Corp-Operations-Handout-December-2016
T16F-Chap-13-1-Entity-Choice-General-2013-July-21-2016
T16F-Chp-12-3-Important-Computations-July-27-2016
T16F-Chap-12-1-Lecture-Materials-EXCEL-PROBLEMS-July-26-2016
T16F-Chap-12 handout- December 8-2015-corrected
T16F-Chap-12-2-Homework-Prb-Word-Nov-27-2016
T16F-Chap-12-2-Homework-Sol-Word-Nov-27-2016
T16F-Chap-12-2-Homework-Sol-Excel-Nov-27-2016
T16F-Chap-12-Basic-Case-for-Final-Exam
T16F-Chap-12-1-Tst-4-Exam-Fall-2015-Case-Updated-to-2016
/\/\/\/\/\/\/\/\–CHAPTER 13. CORPORATE FORMATION. OPERATIONS—/\/\/\/\/\/\/\
T16F-Chap-13-1-Publisher-PowerPoints-Fall-2016
T16F-Chap-13-1-Corporate-Formation-Sec-351-Godfrey-2016-Dec-04
T16F-Chap-13-Corp-Operations-Handout-December-2016
T16F-Chap-13-1-Text-of-Code-for-Sec-351-etc-Short
T16F-Chap-13-1-Text-of-Code-for-Sec-351-etc-Long
T16F-Chap-13-2-Class-Exercises–Invest-in-Corporation-July-27-2016
T15F-Chp-13-1A-Corp-Formation-2015-December 2-2015
T15F-Chp-13-1B-Corporate-Operations-2015-Dec-7-2015
T15F-Chp-13-1B-Corporate-Operations-2015-Dec-8-2015
Slightly expanded version above
T16F-Chap-13-2-Handout-Part-1
T16F-Chap-13-2-Handout-Part-2
T16F-Chap-13-2-Homework-Prb-Word-Nov-27-2016
T16F-Chap-13-2-Homework-Sol-Word-Nov-27-2016
T16F-Chap-13-2-Homework-Sol-Excel-Nov-27-2016
T16-Chap-13-Text of Code for Chapter 13-Corp. Organ.
The following four topics (chapters) are not covered in Acct 4220,
but are covered in the Corporate Tax Course in the MACC Program.
Chapter 14. Corporate Nonliquidating and Liquidating Distributions
T15F-Chap-14-1-Publisher-PowerPoints-Fall-2015
T16F-Chap-14-3-Important-Computations-Solution
Chapter 15. Forming and Operating Partnerships
T15F-Chap-15-1-Publisher-PowerPoints-Fall-2015
Chapter 16. Dispositions of Partnership Interests and Partnership Distributions
T15F-Chap-16-1-Publisher-PowerPoints-Fall-2015
Chapter 17. S Corporations
T15F-Chap-17-1-Publisher-PowerPoints-Fall-2015
Remainder of this webpage is the older version.
Log
Incomplete files in process:
t16f-chap-08-1c-powerpoint-for-homework-handout-oct-19-2016
Contact Me
Office: 302B Friday Building
Phone: (704) 687-7673
Fax: (704) 687-6938
Email: Hgodfrey@uncc.edu
UNCC-ACCT-GRAD-2013-Short-Job-Form
Graduates (B.S. in Accounting and MACC),
please type information on the Excel form and
attach form to an email to Dr. Godfrey.