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392882: Income Taxation in Personal Financial Planning
MGMT-X 430.33

  • Summer 2023
  • Section 1
  • 4 Credits
  • 06/26/2023 to 09/11/2023
  • Modified 09/11/2023

Meeting Times

  • Monday 6:30PM - 8:30PM
  • Dodd Hall - Room 170


This course examines the issues and determination of tax liability for numerous events and activities as they relate to the financial plan. Students are given the necessary information and tools of income taxation to make financial planning decisions within the context of either personal or client financial goals and objectives. Topics include tax issues and concepts in relation to insurance, investments, benefit planning, intrafamily transactions, and business operations. Students are taught and asked to demonstrate an understanding of the following planning techniques: excluding income, deferring income, shifting income, and managing or timing income.


Required Course Text: 

Income Tax Planning

  • Author: Langson, Grange and Dalton
  • Publisher: Money Education
  • Edition: 16th
  • ISBN: 978-1-946711-23-6

eBook: 978-946711-24-3



Course grades will be based on weighted quizzes, comprehensive tax return assignment, and exams as shown below. 



Types of evaluations and related weights
Type Weight Topic Notes
Midterm Exam 40% Chapters 1-8

200 Pts

Final Exam 50% Cumulative

250 Pts

Bedo Financial Tax Plan 10%

50 Pts

Extra Credit: Quizzes 10% No Points For Late Quizzes

50 Pts


Resulting grade and related performance levels
Grade Range Notes
A+ 97 to 100
A 93to <97
A- 90 to -<93
B+ 87 to <90
B 83to <87
B- 80 to <83
C+ 77 to <80
C 73 to <77
F 0 to <73

Course Policies


At Home Assignments

Students are required to work independently on the graded weekly homeworks, midterm, final exam, and the Bedo Financial Plan. 

Do not collaborate with, or otherwise seek or obtain assistance from, anyone else in completing these assignments and exams. Your answers should reflect only your work and no one else’s.

Students are expected to complete each Chapter's Quiz BEFORE  the start of the class (note the quizzes will lock at 6PM before class begins). If you are unable to complete the assignment before the start of class for a valid excusable reason, you may be granted an extension ONLY if you notify the professor before the class begins. Otherwise, failure to complete the homework before the start of class will result in zero points for that quiz.


Students are expected to read each chapter, actively participate in class, and successfully complete the weekly quizzes, midterm and final exam.

The use of financial calculators are recommended for use with the class quizzes and when taking the two class exams. Students will be allowed to use their textbooks when working on their exams.

If a student misses a midterm exam or the final exam, the student will need to advise the instructor PRIOR TO THE DAY OF the class to arrange for a make-up midterm exam or make- up final exam to be taken. Chapter quizzes are due the same class that the chapter(s) covered in the quizzes are scheduled and lectured in class.

Institutional Policies

All Grades are Final

No change of grade may be made by anyone other than the instructor, and then, only to correct clerical errors. No term grade except Incomplete may be revised by re-examination. The correction of a clerical error may be authorized only by the instructor of record communicating directly with personnel of Student and Alumni Services.


The interim grade Incomplete (I) may be approved for a student who has completed the majority of the course requirements, with passing quality (grade C or higher), but is unable to complete a small portion of the coursework by the course end date for good cause. For courses in which an Incomplete may be allowed, approval by the instructor of record and the academic program director is required. The Incomplete grade is not an option for courses that do not bear credit, such as 700, 800, or 900-level courses.

  • It is the student’s responsibility to petition for an Incomplete by emailing the appropriate academic program department at least one week before the end of the course. The Program Department will initiate the petition process once the email is received.
  • The student, the instructor, the CE/Program Director, and the program staff must complete the petition prior to the final course meeting or before the quarter end date. This process can take up to one week to complete. 
  • The instructor will approve or deny the request. The instructor will provide details on what the student needs to accomplish in order to complete the course, as well as a due date for submitting completed work. The due date cannot exceed the end of the ensuing quarter when a final grade must be reported or the Incomplete lapses to the grade “F,” “NP,” or “U.” Visit UCLA Extension Grading Scale for more information.  

An Incomplete allows the student to complete only work that is outstanding and does not allow prior completed work to be retaken or resubmitted.

Sexual Harassment

The University of California is committed to creating and maintaining a community where all individuals who participate in University programs and activities can work and learn together in an atmosphere free of harassment, exploitation, or intimidation. Every member of the community should be aware that the University prohibits sexual harassment and sexual violence, and that such behavior violates both law and University policy. The University will respond promptly and effectively to reports of sexual harassment and sexual violence, and will take appropriate action to prevent, to correct, and when necessary, to discipline behavior that violates our policy.

All Extension students and instructors who believe they have been sexually harassed are encouraged to contact the Department of Student and Alumni Services for complaint resolution: UCLA Extension, 1145 Gayley Ave., Los Angeles, CA 90024; Voice/TTY: (310) 825-7031. For more information, please view the University’s full Policy on Sexual Harassment and Sexual Violence.

Services for Students with Disabilities

In accordance with the Americans with Disabilities Act of 1990, UCLA Extension provides appropriate accommodations and support services to qualified applicants and students with disabilities. These include, but are not limited to, auxiliary aids/services such as sign language interpreters, assistive listening devices for hearing-impaired individuals, extended time for and proctoring of exams, and registration assistance. Accommodations and types of support services vary and are specifically designed to meet the disability-related needs of each student based on current, verifiable medical documentation. Arrangements for auxiliary aids/services are available only through UCLA Extension’s Service for Students with Disabilities Office at (310) 825-7851 or by email at [email protected]. For complete information, please visit Accessibility and Disability Services.

Student Conduct

Students are subject to disciplinary action for several types of misconduct or attempted misconduct, including but not limited to academic dishonesty, such as cheating, multiple submission, plagiarism, or knowingly furnishing false information to the University; or behavioral misconduct, such as theft or misuse of the intellectual property of others, harassment, or disruption of the learning environment. Students are encouraged to familiarize themselves with the Student Rights & Responsibilities Policy and to report concerns.

Additional Items

Protecting Privacy and Data During Live Instruction

Live meeting sessions for this class, when applicable, are being conducted over Zoom. As the host, the instructor may be recording live sessions. Only the host has the ability to record meetings, no recording by other means is permitted. Recorded sessions will be posted in the Videos area of this class unless otherwise notified. Due to privacy, recordings are not available for download and are only accessible via Canvas for the duration of the class. If you have privacy concerns and do not wish to appear in the recording, do not turn on your video and/or audio. If you also prefer to use a pseudonym instead of your name, please let the instructor know what name you will be using so that the instructor knows who you are during the session. To rename yourself during a Zoom meeting, click on Participants, click on your name, click on More, click on Rename. If you would like to ask a question, you may do so privately through the Zoom chat by addressing your chat question to the instructor only (and not to ""everyone""). Additionally, chat may be used and moderated for live questions, and saving of chats is enabled. If you have questions or concerns about this, please contact the instructor via Canvas Inbox.

Pursuant to the terms of the agreement between Zoom and UCLA Extension, the data is used solely for this purpose and Zoom is prohibited from re-disclosing this information. UCLA Extension also does not use the data for any other purpose. Recordings will be deleted when no longer necessary. However, recordings may become part of an administrative disciplinary record if misconduct occurs during a video conference.

Course and Instructor Evaluation

UCLA Extension values your feedback on course and instructor evaluations. We ask all students to take a few minutes to complete an end-of-course evaluation survey. Updates to the course and instruction are influenced by your feedback. Understanding your student experience is essential to ensure continuing excellence in the online classroom and is appreciated by your instructor and the UCLA Extension academic leadership.

Your participation in a survey is voluntary, and your responses are confidential. After instructors submit grades, they will be given an evaluation report, but this report will not contain your name.

About Your Online Course Materials

Please note the following about online course components at UCLA Extension:

  • Students must have basic computer skills, including the use of word processing software, email, and the ability to use internet browsers, such as Safari, Firefox, or Chrome.
  • Students are responsible for meeting the technical requirements of Canvas and familiarizing themselves with the Canvas Learning Management System.
  • Students are responsible for keeping a copy of all assignments and work submitted, and to be aware of all assignments, due dates, and course guidelines.
  • Students have access to courses via Canvas for an additional 30 calendar days after the course end date listed in the syllabus (the first 14 days are full access; the rest are read-only).
  • Students are encouraged to download/print content throughout the duration of the course and before the additional 30-day access ends. No further access is possible after the course becomes unavailable.

    To download all your assignment submissions in Canvas, please refer to the online support guide. for more information or contact Canvas Support via the help menu within Canvas.

UCLA Extension Canvas and Learning Support

For immediate 24/7 Canvas technical support, including holidays, click on Help (located on the menu to the left) where you can call or chat live with a Canvas Support representative.

UCLA Extension Academic Technology and Learning Innovation
The UCLA Extension Learning Support staff assists both students and instructors with Canvas-related technical support, as well as general and administrative questions.

Learning Support staff is available Monday through Friday, from 8 AM to 9 PM (Pacific Time), except holidays:

Campus Safety Escorts

For students taking classes held on the UCLA campus and in and around Westwood Village, the UCLA Police Department provides a free walking escort service every day of the year from dusk until 1 a.m. Community Service Officers (CSOs) are available to walk students, faculty, staff members and visitors to and from anywhere on campus, in Westwood Village, and in the village apartments. CSOs are uniformed students who have received special training and are employed by the UCLA Police Department. To obtain an escort, please call (310) 794-9255 and allow 15 to 20 minutes for your escort to arrive. For complete information, see UCLA Evening Escorts.


Each chapter quiz must be completed before the class meets regarding that chapter and points will not be given for quizzes submitted after the class begins. 

Course calendar and related activities
When Module Title Notes
Week 1
6:30 PM - 8:30 PM
Dodd Hall 170
Course Introduction, Tax History, and Tax Law

Reading: Course Text Chapters 1 and 2

Review Syllabus

Week 2
6:30 PM - 8:30 PM
Dodd Hall 170
Fundamentals of Income Taxation

Reading: Course Text Chapter 3

Submit Completed Chapters 1 & 2 Quiz and Chapter 3 Quiz

Week 3
6:30 PM - 8:30 PM
Dodd Hall 170
Gross Income

Readings: Course Text Chapters 4 and 5

Submit Completed Chapters 4 Quiz and Chapters 5 Quiz

Week 4
6:30 PM - 8:30 PM
Dodd Hall 170
Deductions and Below The Line Deductions

Readings: Course Text Chapter 6, 7

Submit Completed Chapters 6 and 7 Quizzes


Week 5
6:30 PM - 8:30 PM
Dodd Hall 170
Other Deductions, Penalties, and Loss Disallowance (Midterm Release)

Readings: Course Text Chapter 8

Submit: Completed Chapter 8 Quiz


MIDTERM EXAM RELEASED TODAY at 8:30pm. (Chapters 1-8), 


Week 6
6:30 PM - 8:30 PM
Tax Credits (And Midterm Submission)

Readings: Course Text Chapters 9.

Submit: Completed Chapter 9 Quiz.


Submit: MIDTERM EXAM SUBMISSION DEADLINE at 6pm on Sunday, July 30.

Week 7
6:30 PM - 8:30 PM
Passive Activity Rules

Readings: Course Text Chapter 14

Submit Completed Chapter 14 Quiz.

Week 8
6:30 PM - 8:30 PM
Basis Rules, Depreciation, And Asset Categorization

Readings: Course Text Chapters 10

Submit Completed Chapter 10 Quiz.

Week 9
6:30 PM - 8:30 PM
Taxation Of Capital Assets and Business Assets

Readings: Course Text Chapters 11-12

Submit Completed Chapter 11 Quiz and Chapter 11 Quiz.



Week 10
6:30 PM - 8:30 PM
Nontaxable Exchanges

Readings: Course Text Chapters 13 and 15

Submit Completed Chapter 13 Quiz and Chapter 15 Quiz.



6:30 AM - 8:30 AM


Week 11
6:30 PM - 8:30 PM
Business Entity Selection And Taxation

Readings:: Course Text Chapter 16

Submit Completed Chapter 16 Quiz.


Final Exam Released on September 11, 2023 at 9:00pm and will close/lock on Sunday, September 14, 2023 at 9:00pm.