ACCT 616 is advanced individual and pass-through taxation in Liberty's MS in Accounting. Its written work is four forums, four 1 to 2-page case studies, and a partnership tax return project built from a scenario in the instructions.
Liberty's catalog lists the course as ACCT 616 Advanced Topics in Individual and Pass-through Taxation, 3 credit hours; Canvas and the course guide file print it as ACCT616.
What ACCT 616 covers
The catalog description: This course examines the various taxation implications of pass-through entities, particularly as they apply to an individual's personal tax return.
The course examines the tax implications of pass-through entities, particularly as they flow to an individual's personal return. The text is Ricketts and Tunnell, Practical Guide to Partnerships and LLCs.
Four quizzes (200 points) have no guide here. The case studies (400 points) and the partnership return (200) carry most of the course.
Textbook named in the published guide: Ricketts & Tunnell, Practical Guide to Partnerships and LLCs (2017). Check the current edition in your Canvas section.
ACCT 616 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 | Discussion Board Forum 1 | 50 | Thread at least 250 words; replies at least 125 words |
| 2 | Case Study 1 | 100 | 1 to 2 pages |
| 3 | Discussion Board Forum 2 | 50 | Thread at least 250 words; replies at least 125 words |
| 3 | Case Study 2 | 100 | 1 to 2 pages |
| 4 | Discussion Board Forum 3 | 50 | Thread at least 250 words; replies at least 125 words |
| 5 | Case Study 3 | 100 | 1 to 2 pages |
| 6 | Discussion Board Forum 4 | 50 | Thread at least 250 words; replies at least 125 words |
| 7 | Tax Return Project | 200 | A completed Form 1065 with schedules |
| 8 | Case Study 4 | 100 | 1 to 2 pages |
Week 1: Discussion Board Forum 1
A 250-word thread with a biblical perspective, 4 citations and a Bible reference, and two 125-word replies with 2 citations each. How to write ACCT 616 Week 1 Discussion Board Forum 1.
Week 2: Case Study 1
A 1 to 2-page paper on the case scenario in the instructions, with at least 2 scholarly or professional sources beyond the textbooks and the Bible. How to write ACCT 616 Week 2 Case Study 1.
Week 3: Discussion Board Forum 2
The second forum, with the same rules. How to write ACCT 616 Week 3 Discussion Board Forum 2.
Week 3: Case Study 2
The second 1 to 2-page case study with outside sources. How to write ACCT 616 Week 3 Case Study 2.
Week 4: Discussion Board Forum 3
The third forum, with the same rules. How to write ACCT 616 Week 4 Discussion Board Forum 3.
Week 5: Case Study 3
The third 1 to 2-page case study with outside sources. How to write ACCT 616 Week 5 Case Study 3.
Week 6: Discussion Board Forum 4
The last forum, with the same rules. How to write ACCT 616 Week 6 Discussion Board Forum 4.
Week 7: Tax Return Project
Complete a partnership tax return for the scenario in the instructions, using the forms and instructions provided. How to write ACCT 616 Week 7 Tax Return Project.
Week 8: Case Study 4
The last 1 to 2-page case study with outside sources. How to write ACCT 616 Week 8 Case Study 4.
How ACCT 616 is graded
The published guide totals 1,010 points. The four case studies are 100 each (400), the tax return project 200, the four forums 50 each (200), quizzes 200 and the checklist 10.
| Graded item | Points |
|---|---|
| Case Studies (4) | 400 |
| Tax Return Project | 200 |
| Discussion Board Forums (4) | 200 |
| Quizzes (4) | 200 |
| 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 at 12:00 a.m. (ET) and ends on Friday night at 11:59 p.m. (ET). Modules/Weeks 2-8 begin on Saturday morning at 12:00 a.m. (ET) and end by 11:59 p.m. (ET) on Friday.
How to approach ACCT 616
Download the current Form 1065, Schedules K and K-1 and their instructions in Week 1; the return project in Week 7 uses them and the case studies often turn on how items flow to the K-1.
Forum threads need 4 citations and a Bible reference even at 250 words, so collect partnership tax sources (Code sections 701 to 777, IRS publications, tax journals) early.
Questions students ask
What is the ACCT 616 tax return project?
A partnership tax return that applies the course's principles, based on the scenario in the instructions and completed with the forms and instructions provided.
How many citations do ACCT 616 forum posts need?
At least 4 citations and 1 Bible reference in each thread, and at least 2 citations in each reply.
Working through ACCT 616 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.