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.
Este curso faz parte do Programa de cursos integrados U.S. Federal Taxation
oferecido por
Programa de cursos integrados U.S. Federal TaxationUniversidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-ChampaignInformações sobre o curso
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Resultados de carreira do aprendiz
33%
comecei uma nova carreira após concluir estes cursos
36%
consegui um benefício significativo de carreira com este curso
29%
recebi um aumento ou promoção
Certificados compartilháveis
Tenha o certificado após a conclusão
100% on-line
Comece imediatamente e aprenda em seu próprio cronograma.
Curso 1 de 5 no
Prazos flexíveis
Redefinir os prazos de acordo com sua programação.
Nível intermediário
Aprox. 29 horas para completar
Inglês
Legendas: Francês, Português (Brasil), Russo, Inglês, Espanhol
Resultados de carreira do aprendiz
33%
comecei uma nova carreira após concluir estes cursos
36%
consegui um benefício significativo de carreira com este curso
29%
recebi um aumento ou promoção
Certificados compartilháveis
Tenha o certificado após a conclusão
100% on-line
Comece imediatamente e aprenda em seu próprio cronograma.
Curso 1 de 5 no
Prazos flexíveis
Redefinir os prazos de acordo com sua programação.
Nível intermediário
Aprox. 29 horas para completar
Inglês
Legendas: Francês, Português (Brasil), Russo, Inglês, Espanhol
oferecido por
Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Comece a trabalhar rumo ao seu mestrado
Este curso é parte da graduação 100% on-line Master of Science in Accountancy (iMSA) da Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-Champaign.
Caso seja aceito para o programa completo, seus cursos contarão para sua graduação.
Programa - O que você aprenderá com este curso
1 hora para concluir
INTRODUCTION TO THE COURSE
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
1 hora para concluir
3 vídeos (Total 8 mín.), 3 leituras
3 videos
About Professor Matthew Hutchens1min
About Professor Petro Lisowsky3min
3 leituras
Syllabus15min
About the Discussion Forums5min
Update Your Profile5min
4 horas para concluir
MODULE 1: AN INTRODUCTION TO TAXATION
In this module, you will be introduced to the different kinds of taxes faced by US taxpayers and the US federal income tax structure. The origin of tax law and its constitutionality is discussed along with a brief history of the different changes in rates that have occurred since the 16th Amendment was passed. Finally, we will discover the three different sources of new tax laws and rules.
4 horas para concluir
9 vídeos (Total 75 mín.), 6 leituras, 10 testes
9 videos
Evaluating a Tax System4min
The Tax Structure11min
The Tax Structure: Examples6min
Types of Taxes14min
Origins of Tax Law4min
Statutory Sources of Tax Law6min
Administrative Sources of Tax Law9min
Judicial Sources of Tax Law7min
6 leituras
Module 1 Overview and Resources10min
The 2017 Tax Revision15min
Wealth of Nations and AICPA's Guiding Principles of Good Tax Policy (optional)15min
Who Pays Federal Taxes?5min
How Do Marginal Tax Rates Work10min
1862 and 1913 Tax Forms (optional)5min
10 exercícios práticos
Lesson 1.1 Knowledge Check10min
Lesson 1.2 Knowledge Check10min
Lesson 1.3 Knowledge Check10min
Lesson 1.4 Knowledge Check10min
Lesson 1.5 Knowledge Check10min
Lesson 1.6 Knowledge Check10min
Lesson 1.7 Knowledge Check10min
Lesson 1.8 Knowledge Check10min
Lesson 1.9 Knowledge Check10min
Module 1 Quiz30min
5 horas para concluir
MODULE 2: COMPUTING THE TAX
In this module, we will take a deeper dive into each part of the US federal income tax structure, with a focus on what is included in gross income. We will learn how for-AGI deductions reduce gross income to generate adjusted gross income, or AGI, and why AGI is an important number that determines the floors and ceilings of many from-AGI deductions. We will also discuss who qualifies as a dependent. We will wrap up the module with a discussion of the actual calculation of the tax as well as filing status and filing requirements.
5 horas para concluir
8 vídeos (Total 72 mín.), 9 leituras, 7 testes
8 videos
Gross Income8min
Deductions and AGI6min
Qualifying Children and Qualifying Relatives - Part 112min
Qualifying Children and Qualifying Relatives Part 212min
Tax Calculation9min
Filing Status10min
Filing Requirements and Other Dependent Issues6min
The "Kiddie" Tax5min
9 leituras
Module 2 Overview and Resources10min
Standard Deduction Amounts for 2018 and 201910min
Qualifying Child and Qualifying Relative Tests10min
The Child Tax Credit: Current Law20min
Tax Rate Schedules for 202010min
Tax Rate Schedules for 201910min
Tax Rate Schedules for 201810min
Former Kiddie Tax Rules Restored15min
Overview of the Federal Tax System in 201930min
7 exercícios práticos
Lesson 2.1 Knowledge Check10min
Lesson 2.2 Knowledge Check10min
Lesson 2.3 Knowledge Check10min
Lesson 2.4 Knowledge Check10min
Lesson 2.5 Knowledge Check10min
Lesson 2.6 Knowledge Check10min
Module 2 Quiz30min
3 horas para concluir
MODULE 3: GROSS INCOME
In this module, you will take a deeper dive into gross income, specifically regarding statutory inclusions. Congress, the courts, and the IRS have specific rules on whether and when certain income items are included as gross income. These rules provide clarification in situations where it is unclear whether money or property received should actually be included as income.
3 horas para concluir
6 vídeos (Total 59 mín.), 1 leitura, 7 testes
6 videos
Accounting Methods6min
Accounting Method Exceptions7min
Gross Income I: Alimony, Discharge of Indebtedness, Annuities11min
Gross Income: Example7min
Gross Income II: Prizes, Life Insurance, Unemployment Compensation, Social Security Benefits11min
1 leituras
Module 3 Overview and Resources10min
7 exercícios práticos
Lesson 3.1 Knowledge Check10min
Lesson 3.2 Knowledge Check10min
Lesson 3.3 Knowledge Check10min
Lesson 3.4 Knowledge Check10min
Lesson 3.5 Knowledge Check10min
Lesson 3.6 Knowledge Check10min
Module 3 Quiz30min
3 horas para concluir
MODULE 4: GROSS INCOME: EXCLUSIONS
In this module, you will take a deeper dive into gross income, specifically regarding statutory exclusions. Congress, the courts, and the IRS allow exclusions of money or property received by the taxpayer for various reasons.
3 horas para concluir
5 vídeos (Total 53 mín.), 2 leituras, 6 testes
5 videos
Scholarships, Payments for Damages, Compensation for Injuries and Sickness17min
Meals and Lodging, Recovery of Capital Issues10min
Employee Fringe Benefits: Non-Discriminatory11min
Employee Fringe Benefits: Discriminatory5min
2 leituras
Module 4 Overview and Resources10min
Sharing "Goodreads"10min
6 exercícios práticos
Lesson 4.1 Knowledge Check10min
Lesson 4.2 Knowledge Check10min
Lesson 4.3 Knowledge Check10min
Lesson 4.4 Knowledge Check10min
Lesson 4.5 Knowledge Check10min
Module 4 Quiz30min
Avaliações
Principais avaliações do FEDERAL TAXATION I: INDIVIDUALS, EMPLOYEES, AND SOLE PROPRIETORS
por TR12 de Abr de 2020
This was a great introduction into Federal Taxation. It gave excellent examples of all of the components that go into a 1040 tax prep. I loved the course and I feel the professors did an amazing job.
por SS15 de Fev de 2020
I thoroughly enjoyed the course. The presenters were very thorough and detailed. the examples given were very simple and understandable. i look forward to continuing on this Taxation journey
por JR18 de Nov de 2020
Great content and really learned a lot. Would have liked some more examples or formulas to use and print out to keep handy, especially in doing some of the AGI floors. but otherwise, great!
por RG5 de Set de 2018
Completed on September 5, 2018 - excellent introduction course that can lead to a Coursera Certificate titled "U.S. Federal Taxation Specialization" sponsored by the University of Illinois.
Sobre Programa de cursos integrados U.S. Federal Taxation
This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations.
Perguntas Frequentes – FAQ
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