Course – 1 – Federal Taxation I Individuals, Employees, and Sole Proprietors

Description

Explore the fundamentals of U.S. tax law with Federal Taxation I: Individuals, Employees, and Sole Proprietors. This comprehensive online course delves into essential topics such as income taxation, deductions, credits, and strategies tailored for individuals and small business owners. Perfect for professionals and individuals alike, gain practical insights to navigate personal and business tax responsibilities effectively.

This course is the first course in a five-course US Federal Tax Specialization. It covers and focuses on the U.S. federal tax system as it relates to individuals, employees, and sole proprietors. Key concepts covered include gross income and items that are statutorily included or excluded in it, personal and business expenses that qualify as tax deductions, and the differing tax treatments for employees versus self-employed taxpayers. Unlike many other introductory courses in tax and as part of this course’s comprehensive wrap-up, learners will be provided with practical and tangible experience reporting both income and expenses on the main individual tax return used in the US, Form 1040.