Professor of Accounting, Belk College of Business

ACCT 6160

Advanced Individual Income Tax- Summer 2017

Latest files posted.

IND-17-Chap-00-Tst-1-Exm-Prb-Summer-2017-Edited-June-5-2017-POST

IND-17-Chap-00-Tst-2-Exm-Prb-Summer-2017-Edited-June-13-2017

IND-17-Chp-03-Lecture and Group Discussion Materials-2017

The following file contains some code sections (partial) that will be helpful when discussing Chapters 3 and 4.

IND-17-Chap-03-Plus-Selected-Code-Sections-Heavily-Edited

IND-17-Chap-04-1-Lecture and Discussion Materials-2017-May-23-Post

IND-17-Chap-00-1-Adv-Indiv-Tax-Class-Plans-One-Page-May-13-2017

IND-17-Chp-00-Class-plan-Big Calendar-2017

The next file contains the 2017 tax rate schedules, exemption amounts, standard deduction amounts, etc. from your textbook. You may find it convenient to print a copy and put the page in your notes for ready reference, especially for Chapter 4.

IND-17-Chap-03-Tax Rates for 2017

Remainder of this web page is under construction for 2017.

1-Syllabus-UNC-Charlotte-Summer-2016-Godfrey

ACCT-6160-U90-Syllabus-UNC-Charlotte-Summer-2016-Godfrey

Welcome to the Advanced Individual Income Tax course for 2016

Advanced Individual Income Tax Topics

1. [03] Planning Strategies, timing, rates, income shifting
2. [04] Individual income tax – formula, exemptions, filing status
3. [14] Home ownership – gain exclusion, interest, taxes, buyer credit, vacation home
4. [07] Investments- Interest, dividends, capital gains and losses,
Sec. 1221, 1231, etc.,loss limits, passive losses
5. [06] Itemized deductions – business & investment deductions,
personal deductions, Schedule A deductions
6. [08] Taxes and credits
7. [08] AMT
8. [12] Compensation, Stock Options
9. [13] Retirement Savings and Deferred Compensation

TESTS FROM 2016

IND-16-Chp-00-Tst-1-Exm-Prb-Summer-2016-POST-pdf

IND-16-Chp-00-Tst-1-Exm-Sol-Summer-2016-Post-May-29-2017

IND-16-Chp-00-Tst-2-Exm-Prb-Sum-2016-Edited-June 17-2016-Post

IND-16-Chp-00-Tst-3-Exm-Prb-Summer-PDF-with-Solution-2016

Access to tax law:

https://www.law.cornell.edu/uscode/text

https://intelliconnect.cch.com/scion/auth.jsp?AUTH_REDIRECT_URL=http%3A%2F%2Fintelliconnect.cch.com%3A80%2Fscion%2Fsecure%2Findex.jsp

Chapter 3. Tax Planning, Present Value, etc.

IND-17-Chap-03-1-Publisher-PowerPoints-Planning-2017

IND-16-Chap-03-1A-ADVANCE-PROBLEMS-2016-New-May 18

IND-16-Chp-03-1A-Fed-Tax-Planning-2016

IND-16-Chap-03-2-Spreading-Income-or-Loss-Family-2016-PROBLEM

IND-16-Chap-03-Leture-Materials-2016-May-21-Post

IND-17-Chap-03-2-Homework-PROB-PLANNING-May-18-2017

IND-17-Chap-03-2-Homework-Sol-PLANNING-May-18-2017

IND-17-Chap-03-2-Homework-Sol-PLANNING-EXCEL-May-18-2017

IND-16-Chap-03-2-Solution for Problem 40

IND-16-Chap-03-2-Choosing-C-Corp-or-S-Corp-2016

IND-16-Chap-03-Plus-Selected-Code-Sections-Heavily-Edited

Chapter 04. Individual Income Tax

IND-17-Chap-04-1-Publisher-PowerPoints-Indiv-Tax-Overview-2017

IND-16-Chap-04-1-Lecture Materials-2016-May-21-Post

IND-17-Chap-04-2-Homework-Prb-INDIVIDUAL-Tax-Edited-May-19-2017

IND-17-Chap-04-2-Homework-Sol-INDIVIDUAL-Tax-Edited-May-19-2017

IND-17-Chap-04-2-Homework-Sol-INDIVIDUAL-Excel-May-19-2017

IND-16-Chap-04-4-Shereal Wallace-Exemption-post-June-6-2016

Chapter 14. Home Ownership

IND-17-Chap-14-1-Publisher-PowerPoint-Files-Home-Ownership-2017

IND-17-Chap-14-INSTRUCTOR-PowerPoints-Code

IND-17-Chap-14-1-Class-Lecture-Materials-Post-May-23-2017

IND-17-Chap-14-1-EXCEL-LECTURE-PROBLEMS-June-3-2017

IND-17-Chap-14-4-Home-Gain-and-Interest-Sec-121-163-108-Sol

IND-17-Chap-14-2-Homework-Prb-HOME-OWNERSHIP-May-29-2017

IND-17-Chap-14-2-Homework-Sol-HOME-OWNERSHIP-May-29-2017

IND-17-Chap-14-2-Homework-Sol-HOME-OWNERSHIP-EXCEL-May-19-2017

**********************************

Test No. 1, June 5, 2017

**********************************

Chapter 07. Investments

IND-17-Chap-07-1-LECTURE-MATERIALS-Investments-PDF-May-25-2017

IND-17-Chap-07-INSTRUCTOR-PowerPoints-2017

IND-17-Chap-07-2-Homework-Prb-INVESTMENTS-Post-May-23-2017

IND-17-Chap-07-2-Homework-Sol-INVESTMENTS-Post-May-23-2017

IND-17-Chap-07-2-Homework-Sol-INVESTMENTS-Excel-Post-May-23-2017

Supplementary Reading-Not required
High income and other wealthy individuals frequently include life insurance in the investment portfolio. Many policies build cash value which may exceed the total premiums paid. See the following cases for some real life surprises.
IND-14-Chp-11-8-Harvey-Barr-Life Ins-termination
IND-14-Chp-11-8-Yulia Feder-Life-Ins-Cancellation