Foundations of Tax - Module 3
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 pro's and con's, and the key differences between the two to help guide philanthropic goals.
Estimated Completion Time: 1.5 hours
Featured Resources:
Articles/Books
- Exempt Purposes-Internal Revenue Code Section 501(c)(3)
- Return of Organization Exempt From Income Tax Form 990
- "Donor-Advised Funds" by Investopedia
- "What is the Internal Revenue Service (IRS)? How Auditing Works" by Troy Segal
- "Schedule K-1 Tax Form for Partnerships: What to Know to File" by Nick Zaryzcki
- "What is a Schedule K-1 Tax Form?" by Turbo Tax
- Access your courses anytime, anywhere, with a computer, tablet or smartphone
- Videos, quizzes and interactive content designed for a proven learning experience
- Unlimited access. Take your courses at your time and pace
- This program is designed to take 1-2 months with approximately 10-15 hours per week of study. If you put in more hours per week, you will finish sooner than the predicted 1-2 months
