Foundations of Tax - Module 3

  • 12 Lessons

  • Duration

    65 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 different types of entities that accomplish both tax-related and non-tax related goals are discussed. Read More

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Overview

  • Learning Objectives

    1 Minutes 20 Seconds

Entity Taxation Overview

  • Flow-Through Entities and Taxation

    5 Minutes
  • Corporate Entity Taxation

    3 Minutes
  • Book-to-Tax Differences

    4 Minutes

Charitable Entity Taxation

  • Overview of Private vs. Public Entities

    2 Minutes
  • Private Foundations

    3 Minutes
  • Public Charities

    2 Minutes
  • Non-Profit Tax Filing

    3 Minutes
  • Homework I

    30 Minutes

Special Considerations

  • Donor Advised Fund

    10 Minutes
  • Community Foundations

    2 Minutes

Conclusion

  • Wrap Up

    30 Seconds

Test Your Knowledge

  • Quiz Locked

In this module, the different types of entities that accomplish both tax-related and non-tax-related goals are discussed. Students explore how flow-through entities, such as LLCs, LPs, and S-Corps, and non-flow-through entities, such as C-Corps, achieve goals for business owners.  In addition, an overview is provided of private foundations and public charities, including their pros and cons, and the key differences between the two to help guide philanthropic goals.

Estimated Completion Time: 1.5 hours

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Rebecca K.
Jan 08, 2024
Fantastic. Loved the work through of finding data in a sample charitable organization's tax return.