Foundations of Tax - Module 1

  • 16 Lessons

  • Duration

    88 Minutes

Instructors

Kirby Rosplock

Kirby Rosplock (Ph.D.)

Born into a very successful enterprising family, Kirby learned family wealth basics the way most affluent offspring do (or don’t) Read More

About Course

In this module, the complex and ever-changing world of taxes is introduced. Students learn about the history and evolution of taxes in the United States. Read More

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Overview

  • Learning Objectives

    2 Minutes

Tax Code History and Evolution Overview

  • Tax History

    6 Minutes
  • Taxes: A Necessary Evil?

    7 Minutes
  • The Purpose of Taxes

    3 Minutes

Tax Categorizations

  • Progressive, Proportional, and Regressive Taxes

    5 Minutes

Income Tax

  • Personal Income Taxes

    10 Minutes
  • Your Income Tax Picture

    1 Minutes
  • To Itemize or Not

    7 Minutes
  • Qualified Business Income Deduction (QBI)

    2 Minutes
  • Common Tax Forms

    10 Minutes
  • State Taxation

    10 Minutes

Tax on Wages - Independent Contractor

  • Payroll Tax

    10 Minutes

Tax on Investments

  • Capital Gains and Net Investment Income Taxes

    2 Minutes
  • Marisol Case Study

    10 Minutes

Considerations

  • Estimated Payments and Deadlines

    3 Minutes

Conclusion

  • Wrap Up

    30 Seconds

Test Your Knowledge

  • Quiz Locked

In this module, the complex and ever-changing world of taxes is introduced. Students learn about the history and evolution of taxes in the United States. An overview is provided of the conceptual underpinnings of the U.S. tax code, the most common taxes and tax forms, and how recent tax law changes have affected some taxpayers. Learning from this module is put into action with a tax mini-case and wraps up with an overview of tax planning tips and key dates to remember.

Estimated Completion Time: 1.5 hours
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Customers Review

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Rebecca K.
Jan 08, 2024
Wonderful. Thank you!
Lee M.
Jan 20, 2022
This course was an ego boost for me, I do know more than I think I do in regards to taxes! Phew.