Where does one begin with learning about tax? After all taxes are rumored to be notoriously complex. When asked about whether he understood his own individual income tax return, renowned physicist Albert Einstein quipped, "This is a question too difficult for a mathematician. It should be asked of a philosopher." Similarly, the parody Twitter account @BillMurray advises that, "The best way to teach your kids about taxes is by eating 30% of their ice cream." Brilliant. And who doesn't like their ice cream? If you don't like ice cream, simply replace it with something you do like. See, it's brilliant. So both a fake Twitter account, and the creator of E equals MC squared recommend that one begin the study of taxation at a basic philosophical level. Because I doubt you are a kid, and I cannot eat 30% of your ice cream, legally at least, this course will begin with the basics of business income taxes and then progressively pile on the complexity, simplicity. The objective of this model is to bride you with an overview of the most essential concepts for business entity taxation. Specifically in the first lesson, you will refresh your memory on the important aspects of tax law, including its origins, sources, ranking of sources, and judicial doctrines of extreme importance. You might already be familiar with some of this material. However, a robust understanding of these issues will serve you well as this course progresses. The second lesson examines the fundamental organizational forms that businesses use to produce goods and services. It also considers the key tax and non-tax considerations that go into strategic organizational form choice. Finally in the third lesson, you will learn about tax entity classification. An issue that arises when it is difficult to determine how an entity should be treated for federal tax purposes.