Income Tax I


  2. A. Course Title: Income Tax I
    B. Course Number: AC 233A - 10007
    C. Semester: Spring 2018
    D. Days/Time: Online
    E. Credit Hours: 3
    F. Instructor: Brister, Luke
    G. Office: C.M. Burke University Center (UC) 231
    H. Email Address:
    I. Office Phone: (575) 492-2657
    J. Office Hours: I do not keep office hours during the summer. I can be reached by email at
    K. Time Zone: Mountain Time
    L. Prerequisite(s):
    M. Corequisite(s):
    N. Class Location: Virtual

    This course is designed as a first course in Federal Taxation for undergraduate accounting, business, and law students. The primary focus of this course is individual taxation including gross income, personal and dependency exemptions, filing status, deductions and losses, capital recovery, itemized deductions, alternative minimum tax, and tax credits. Students will solve tax problems utilizing computerized tax software as though they were actually filing tax returns. This is a three credit hour course. Prerequisite: AC 114.




    Bundle: Text + H&R Block™ Premium & Business Access Code for Tax Filing Year 2016 + RIA Checkpoint® 1 term (6 months) Printed Access Card + CengageNOW™v2, 1 term Printed Access Card ISBN 9781337588034


    You can buy your books online at the NMJC Bookstore.


    Students attending New Mexico Junior College will be evaluated according to the following grading scale:

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

    I use a percent of total points system to compute the grades for each section, (homework, quizzes, unit test, and practice set) that percentage is then multiplied by the weight factor to calculate your final grade.

    Homework 25%
    Introduction & Terms 25%
    Module Exams 45%
    Module zero completion 5%

    We will be completing one chapter a week. No late work will be accepted.

    Retrieving Grades from T-BirdWeb Portal
    Go to the New Mexico Junior College T-BirdWeb Portal login page. Please enter your User Identification Number (ID), which is your Banner ID, and your Personal Identification Number (PIN). When finished, click Login.

    Tips for Success in Online Courses:
    1. Log in to class regularly.
    2. Pay attention.
    3. Take notes.
    4. Keep up with readings and assignments.
    5. Ask questions when you do not understand something.
    6. Utilize your professor’s office hours and e-mail.
    7. Read the text.
    8. Adhere to the deadlines posted in the course outline.


    New Mexico Junior College’s institutional student learning outcomes represent the knowledge and abilities developed by students attending New Mexico Junior College. Upon completion students should achieve the following learning outcomes along with specific curriculum outcomes for respective areas of study:


    Students in the Business/Computer Science Departments should be able to:
    1) Demonstrate an understanding of industry specific ethics (self & community),
    2) Prepare and interpret documents,
    3) Interpret and characterize data appropriate to the course (critical thinking),
    4) Demonstrate computer skills appropriate to the course, and
    5) Demonstrate the value of professionalism in the workplace.


    By the end of this course, students should be able to:

    a. Describe different types of taxes imposed at the federal, state, and local levels.
    b. Work with Tax Law and conduct research.
    c. Prepare and apply the components of the Federal Income Tax Formula.
    d. Explain the concepts of gross income and realization and distinguish between the economic, accounting, and tax concepts of gross income.
    e. Prepare the computation of realized gains or losses on property dispositions, of business assets and personal assets.
    f. Differentiate between deductions for and from adjusted gross income and understand the relevance of the differentiation.
    g. Distinguish between deductible and nondeductible losses of individuals.
    h. Understand the rational for the cost consumption concept and identify the relevant time periods for depreciation, ACRS, and MACRS.
    i. Distinguish between employee and self-employed business expenses.
    j. Identify and distinguish itemized deductions.
    k. Discuss tax shelters and the reasons for at-risk and passive loss limitations.
    l. Explain the rationale and be able to compute Alternative Minimum Tax.
    m. Explain how the various tax credits are computed and used as a tool of Federal Tax policy.
    n. Compile and compute numerous tax returns.


    Student Requirements
    If you have not already received login information for Canvas/T-BirdWeb Portal/E-mail, you will need to contact the Enrollment Management office at (575) 492-2546.

    Check first-time login page for instructions at

    Canvas Assistance

    You must have access, on a regular basis, to a computer that supports the Canvas minimum specifications and has an active connection to the Internet. See the minimum computer specification requirements at


    Students will be held responsible for the information on these pages.

    Academic Honesty
    Each student is expected to maintain the highest standards of honesty and integrity in online academic and professional matters. The College reserves the right to take disciplinary action, up to and including dismissal, against any student who is found guilty of academic dishonesty or otherwise fails to meet these standards. Academic dishonesty includes, but is not limited to, dishonesty in quizzes, tests, or assignments; claiming credit for work not done or done by others; and nondisclosure or misrepresentation in filling out applications or other College records. Cheating or gaining illegal information for any type of graded work is considered dishonest and will be dealt with accordingly.

    Americans with Disabilities Act (ADA) Information
    Any student requiring special accommodations should contact the Special Needs Student Services Coordinator at (575) 492-2576 or by e-mail at

    Attendance Policy and Participation Expectations
    It is expected that you regularly log into class at least three times weekly and check your Canvas mail to ensure you have not missed any changes/updates. Students are expected to complete discussions/quizzes/tests/ assignments before deadlines expire.

    Canvas Help
    If you experience difficulty with Canvas you may reach the Canvas Helpdesk at, or by calling the 24 hour helpdesk phone at (575) 399-2199.

    The professor is responsible for monitoring and evaluating student conduct and student behavior within the Canvas course. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to log into the class regularly and to behave in an appropriate manner at all times. Disruptive behavior may result in the student being removed from the class and dropped for the semester. For comprehensive information on the common rules of netiquette and other online issues, please review the NMJC Online Student Handbook.

    Online Learning Environment
    By participating in an online class, you undertake responsibility for your own progress and time management.

    Offering the work of another as one’s own, without proper acknowledgment, is plagiarism; therefore, any student who fails to give credit for quotations or essentially identical expression of material taken from books, encyclopedias, magazines and other reference works, or from the themes, reports, or other writings of a fellow student, is guilty of plagiarism. Plagiarism violates the academic honesty policy and is considered cheating.

    Tutoring Assistance
    Free tutoring services are available to all NMJC students through Brainfuse and the Academic Success Center located in Mansur Hall room 123 and 124.

    Withdrawal Policy
    The instructor has the right to drop any student who has failed to log on to Canvas for two weeks or more, but it is not guaranteed that the instructor will drop you. If the student chooses to stop attending a class, he/she should withdraw from the class by accessing your student account in the T-Bird Web Portal at, or submitting the required paperwork to the Registrar’s Office by 5:00 p.m. on Thursday, April 19, 2018. Failure to withdraw yourself from a course by this date may result in your receiving an “F” in the course. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.


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