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Irina Novikov, CPA, M.S., MST

Accounting Instructor

Business and Social Sciences Division

Accounting

Email: novikovirina@foothill.edu

Foothill campus
Office: Online
Office Hours:
via phone per arrangement


Course information:

ACTG 067: TAX ACTG - Introduction to Federal and California Taxation

12-week on-line course. This course uses the Canvas course management system. Students must be enrolled in order to log in to the course site.
Accounting 67 (ACTG067) is the fundamentals of income tax course that focuses on individual tax issues for federal and California tax returns. This 5-unit course is designed to provide both tax theory and tax form preparation practice for students with an emphasis on understanding the inter-relationships between U.S. Federal and California tax laws. Successful completion of this course allows students the opportunity to receive a certification from the California Tax Education Council. This course is accredited by Western Association of Schools and Colleges and, therefore, accepted toward general CPA education requirements and Continuing Professional Education (CPE) requirements for CPAs.
Great introductory income tax course. This class is a pre-requisite for three advanced tax courses ACTG068A, ACTG068 B & ACTG068 C offered at Foothill College.
Great introductory income tax course. This class is a pre-requisite for three advanced tax courses ACTG068A, ACTG068 B & ACTG068 C offered at Foothill College.

With 20+ years of experience in tax I have a lot to share with my students! I started with a small CPA firm in Bay Area CA as a staff associate, grew into Corporate Tax Manager with one of the Big Four accounting firms and currently work as Head of Global Tax of a Public multi-national Corporation here in Silicon Valley. I have in depth knowledge of individual and small business income tax compliance and planning as well as current federal, state and international corporate income tax and tax accounting knowledge. My hands-on experience in preparation of ALL tax returns and forms utilizing various tax software packages (Lacerte, TurboTax, H&R Block At Home, ProSystems, GoSystems, OneSource) and working knowledge of various on-line tax research tools (RIA, BNA, CCH) have contributed to my fast track career progress.
My approach in teaching this course is to prepare students for entering a competitive modern work force and building a successful career in tax. Learning and mastering tax software package while working on tax return homework assignments is part of the challenge in my class. An entry level position in tax does require a tax software knowledge nowadays. As soon as your learn one tax software package any other software will be a breeze. The tax software on-line labs and weekly tax return homework discussion forums are part of the learning process in this class. The federal tax law theory students learn in this course is solidified by the hands-on tax form preparation experience through completion of cumulative individual federal tax return assignment due at the end of week 2, 5 and 8. Starting week 9 students learn fundamentals of California tax and work on California individual tax return assignment. Tax preparer ethics topics are covered in week 11 of this course.
I encourage my students to participate in "after the test" discussions. Historically, students find these discussions being very helpful. During the "after the test" discussions students not only have an opportunity to get an explanation for the correct answers they missed on the test, but, also to share "best practices" for taking on-line tests. Again, these are critical skills for students who are planning to get certified as a CPA or EA in the future. Both certifications are obtained through a series of rigorous on-line tests. Therefore, I believe it is crucial for my students to start mastering on-line test taking skills from the beginning of this course.
Upon completion of this course with grade "C" or higher each student will get a certificate with their name and CTEC ID. The certificate in pdf file format will be emailed to each student individually.
The CTEC provider (Foothill College) has up to 45 days to process the certificates. After you get your certificate, you are still not "registered" as a CTEC tax preparer (CRTP). The certificate only provides you the permission to register as one at the CTEC website, provided you get bonded. Please plan accordingly.
Please note that this course is both a "Qualifying" CTEC course AND a CPE (Continuing Professional Education) CTEC course.

Course Objective:
To provide students with fundamentals of US Tax Law as it relates to Taxation of Individuals. In addition, to provide basics of California Individual Taxation.
Learning Outcomes for this course for students to:
1. Achieve CTEC certification score of 70% and above while demonstrating a solid understanding of basics of Federal and California income tax law as it relates to Individuals.
2. Demonstrate practical knowledge of federal and CA income tax form preparation and tax compliance process as these relate to individuals.

ACTG 068A: ADVANCED TAX ACTG I - Taxation of Sole Proprietorships & Partnerships

12-week on-line course. This course uses the Canvas course management system. Students must be enrolled in order to log in to the course site.
ACTG067 or equivalent is required as a prerequisite, completion of ACTG1A and 1B advisable
This 5-unit course is the first course in the series of three Advanced Tax courses intended to provide the foundation for taking the Enrolled Agent Exam administered by the Internal Revenue Service. The course covers current Federal Income Tax Law as it relates to sole proprietorship & partnerships.
The course incorporates theory and practical application of the tax law tailored towards EA exam environment. Students will have an opportunity to take an EA exam simulation through quizzes, a midterm and a final exam. In addition, students will learn a preparation technique and will prepare various tax forms for business entities covered in the course.
This course (as all other courses at Foothill College) is accredited by Western Association of Schools and Colleges and, therefore, accepted towards general CPA education requirements and Continuing Professional Education (CPE) requirements for CPAs.
Student Learning Outcome 1:
Achieve passing SEE score of 70% (may slightly deviate as the "scaled scoring" grading system is currently used by the SEE facilitator) while demonstrating a solid understanding of fundamentals of Federal income tax law as it relates to Sole Proprietorships and Partnerships.
SEE stands for Special Enrollment Examination (also known as Enrolled Agent Exam)
Student Learning Outcome 2:
Demonstrate practical knowledge of income tax form preparation and tax compliance process as these relate to sole proprietorship and partnerships.


Last update: 2019-09-10
Direct directory record link:
https://foothill.edu/directory/directory.html?s=1&rec_id=776

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