ACCT 614 is estate, trust and gift taxation in Liberty's MS in Accounting. Its written work is two forums, four 1-page tax case studies with sources from CCH IntelliConnect, and three tax returns using the major estate and trust forms.
Liberty's catalog lists the course as ACCT 614 Estate, Trust, and Gift Taxation, 3 credit hours; Canvas and the course guide file print it as ACCT614.
What ACCT 614 covers
The catalog description: This course explores the taxation of estates, trusts, and gift returns, with a focus on estate planning.
The course explores the taxation of estates, trusts and gifts, with a focus on estate planning. The text is Hoffman et al.'s custom estate, trust and gift taxation text.
Three homework assignments (150 points) of quantitative problems in Excel and three quizzes (150) have no guide here. The tax returns (300 points) and case studies (300) carry most of the course.
Textbook named in the published guide: Hoffmanet al., ACCT 614: Estate, Trust, and Gift Taxation (2017). Check the current edition in your Canvas section.
ACCT 614 assignments, week by week
Every graded written assignment in the published guide has its own how-to guide below. Quizzes, exams, checklists and class introductions are left out because there is nothing to write.
| Week | Assignment | Points | Length |
|---|---|---|---|
| 1 | Case Study 1 | 75 | 1 page |
| 2 | Discussion Board Forum 1 | 50 | Thread at least 250 words; replies at least 125 words |
| 3 | Tax Return 1 | 100 | A completed return |
| 4 | Discussion Board Forum 2 | 50 | Thread at least 250 words; replies at least 125 words |
| 4 | Case Study 2 | 75 | 1 page |
| 5 | Case Study 3 | 75 | 1 page |
| 6 | Tax Return 2 | 100 | A completed return |
| 7 | Case Study 4 | 75 | 1 page |
| 8 | Tax Return 3 | 100 | A completed return |
Week 1: Case Study 1
A 1-page paper on the assigned tax case, with a title page, running head and at least 2 CCH IntelliConnect sources. How to write ACCT 614 Week 1 Case Study 1.
Week 2: Discussion Board Forum 1
A 250-word thread with a biblical perspective and two 125-word replies, every post citing 2 scholarly sources. How to write ACCT 614 Week 2 Discussion Board Forum 1.
Week 3: Tax Return 1
Complete the first estate or trust tax return for the scenario in the instructions, using the forms provided. How to write ACCT 614 Week 3 Tax Return 1.
Week 4: Discussion Board Forum 2
The second forum, with the same rules. How to write ACCT 614 Week 4 Discussion Board Forum 2.
Week 4: Case Study 2
The second 1-page tax case study with CCH IntelliConnect sources. How to write ACCT 614 Week 4 Case Study 2.
Week 5: Case Study 3
The third 1-page tax case study with CCH IntelliConnect sources. How to write ACCT 614 Week 5 Case Study 3.
Week 6: Tax Return 2
The second estate or trust tax return, for the scenario in the instructions. How to write ACCT 614 Week 6 Tax Return 2.
Week 7: Case Study 4
The last 1-page tax case study with CCH IntelliConnect sources. How to write ACCT 614 Week 7 Case Study 4.
Week 8: Tax Return 3
The third estate or trust tax return, for the scenario in the instructions. How to write ACCT 614 Week 8 Tax Return 3.
How ACCT 614 is graded
The published guide totals 1,010 points. The four case studies are 75 each (300), the three tax returns 100 each (300), the two forums 50 each (100), homework 150, quizzes 150 and the checklist 10.
| Graded item | Points |
|---|---|
| Case Studies (4) | 300 |
| Tax Returns (3) | 300 |
| Discussion Board Forums (2) | 100 |
| Homework Assignments (3) | 150 |
| Quizzes (3) | 150 |
| Course Requirements Checklist | 10 |
The published scale puts an A at 940 to 1010 points.
Week timing in the published guide: Module/Week 1 begins on Monday and ends at 11:59 p.m. (ET) on Friday. Modules/Weeks 2-8 begin on Saturday and end at 11:59 p.m. (ET) on Friday.
How to approach ACCT 614
Set up access to CCH IntelliConnect through Liberty's library in Week 1; every case study needs at least 2 sources from it.
The three major estate and trust tax forms are Form 706 (estate tax), Form 709 (gift tax) and Form 1041 (estates and trusts income tax); download the current forms and instructions before the first return in Week 3.
Questions students ask
What sources do ACCT 614 case studies need?
At least 2 sources from CCH IntelliConnect in a reference list, in addition to the course textbooks and the Bible, with a title page and running head.
What tax returns are prepared in ACCT 614?
Returns using each of the 3 major forms used in estate and trust tax preparation, for scenarios in the instructions, completed with the forms and instructions provided.
Working through ACCT 614 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.