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US Individual Taxation and Policies · LearnSpace
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US Individual Taxation and Policies

Курс от Minnesota State University, Mankato
Начальный≈ 13.7 чАнглийский
О курсеНавыкиПрограммаПреподаватели

О курсе

This course provides a comprehensive overview of United States (US) individual taxation and policies, tailored for beginner learners and career reskillers in finance. Participants will explore key historical events that have shaped US tax policy, including the significance of the 16th Amendment and the evolution of federal income tax rates. The course will also cover the impact of major tax reforms on individual taxpayers, the classification of taxable income, and the calculation of tax liability. Learners will gain insights into deductions, including above-the-line and below-the-line deductions, as well as the role of the IRS in tax administration. The course will address common tax credits, the implications of different business entities, and the process for amending a federal income tax return. By the end of the course, participants will be equipped to prepare and complete a comprehensive individual federal income tax return.

Навыки, которые вы освоите

Income TaxTax ReturnsTax LawsTax PreparationTax ComplianceTaxAccountingTax PlanningAuditingTax Management

Программа курса

8 модулей · 64 учебных материалов

01Introduction to Course and History of US Tax Policy12 материалов

Lesson

Welcome to US Individual Taxation and PoliciesВидеоResource: Annual Limits GuideЧтениеThe Big Picture: Why US Tax History Matters TodayВидеоWhy the 16th Amendment Changed Tax PolicyВидео

Учитесь у экспертов

Cody Warren, CFP®, CPA

Professional Training Consultant

US Individual Taxation and Policies
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Обучение на Coursera

≈ 13.7 ч

8 модулей

Язык: Английский

Часть программы вашего университета
The History of the 16th AmendmentЧтение
How Federal Income Tax Rates Have EvolvedВидео
Progressivity and RevenueЧтение
Landmark Reforms: 1913–1986 and BeyondВидео
Reading Tax Law: Sources, Citations, and How to Interpret RulesЧтение
Reflective Discussion: How Would a Reform Change Your Tax Picture?Обсуждение
Knowledge Check: Key Events, the 16th Amendment, and Rate ChangesЗадание
Graded Assessment: Historical Events, 16th Amendment, and Reform ImpactsЗадание
02The Role of the IRS9 материалов

Lesson

Why the IRS Matters: Who Enforces the Tax System and Why It Affects YouВидеоWhat the IRS Does: Structure, Authorities, and Enforcement ToolsЧтениеHow Audits Work: Triggers, Scope, and the Examination ProcessВидеоApplying Audit Concepts: Scenario-Based Practice With an Individual TaxpayerЧтениеDiscussion: Exploring Taxpayer Rights and Interactions With the IRSОбсуждениеEnforcement: Interest and Penalties ВидеоDiscussion: Deciding When and How to Amend a Federal Income Tax ReturnОбсуждениеKnowledge Check: Audits, the IRS, and Interest and PenaltiesЗаданиеGraded Assessment: Audits, Penalties, Rights, and Amendment ProceduresЗадание
03Gross Income8 материалов

Lesson

The Tax Formula and Computing TaxВидеоCore Definitions: Filing Status, Exemptions, and Tax RatesЧтениеDefining Gross IncomeВидеоFrom Gross Income to AGI: Worked ExamplesВидеоScenario Practice: Arriving at AGIЧтениеReflective Discussion: How AGI Affects Tax Outcomes and PlanningОбсуждениеKnowledge Check: Compute AGI and Identify Taxable ItemsЗаданиеGraded Assessment: Gross Income, AGI, and Tax LiabilityЗадание
04Deductions9 материалов

Lesson

Classification of DeductionsВидеоAbove-the-Line DeductionsЧтениеWhich are Better: Above-the Line or Below-the-Line Deductions?ВидеоExplaining Below-the-Line DeductionsВидеоBelow-the-Line DeductionsЧтениеDemonstration: Calculating Below-the-Line DeductionsВидеоReflective Discussion: Itemized versus the Standard DeductionОбсуждениеKnowledge Check: Classifying DeductionsЗаданиеGraded Assessment: Classifying DeductionsЗадание
05Capital Assets, Tax Credits, and Nontaxable Exchanges8 материалов

Lesson

Tax Credits and the Tax Policy Behind ThemВидеоCommon Tax Credits: Refundable vs. Nonrefundable and ExamplesЧтениеAsset Depreciation: The Why and the HowВидеоDepreciation and Asset CategorizationЧтениеNontaxable ExchangesВидеоApplying the Most Common Nontaxable ExchangesЧтениеKnowledge Check: Deductions, Credits, and Special CasesЗаданиеGraded Assessment: Tax Credits, Depreciation, and Nontaxable ExchangesЗадание
06Passive Activity Rules and the Alternative Minimum Tax8 материалов

Lesson

Passive Activity Rules and the Historical ContextВидеоApplications and Limitations to Passive Activity Rules ЧтениеThe AMT and the Historical Context ВидеоApplications and Limitations to the AMTЧтениеDiscussion: Tax Deferral Strategies, Planning Tradeoffs, and AMT ReflectionОбсуждениеReflective Discussion: Thoughts on PALs and AMTОбсуждениеKnowledge Passive Activity Rules and AMTЗаданиеGraded Assessment: Passive Activity Rules and AMTЗадание
07Business Entities and Passthroughs7 материалов

Lesson

Why Business Entity Choice Matters for Individual TaxpayersВидеоCore Concepts: IRS-Recognized Business Entity Types and Reporting BasicsЧтениеHow to Report Business Income: Schedule C and PassthroughsВидеоWhat Constitutes a Reasonable and Necessary Business Expense?ЧтениеReflection: Considerations When Forming an LLC or Entering a PartnershipОбсуждениеKnowledge Check: Business Income Reporting and Passthrough ConceptsЗаданиеGraded Assessment: Business Entities and Passthrough ReportingЗадание
08Complete an Individual Tax Return3 материалов

Lesson

Why Preparing an Entire Form 1040 MattersВидеоComprehensive AssessmentЗаданиеCongratulations!Видео