U.S. Federal Taxation Specialization

Starts Nov 27

U.S. Federal Taxation Specialization

U.S. Federal Taxation Specialization

U.S. Federal Taxation of Individuals & Businesses. Learners will develop knowledge in U.S. federal taxation as applied to individuals and businesses.

About This Specialization

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.

Created by:

courses
5 courses

Follow the suggested order or choose your own.

projects
Projects

Designed to help you practice and apply the skills you learn.

certificates
Certificates

Highlight your new skills on your resume or LinkedIn.

Projects Overview

Courses
Intermediate Specialization.
Some related experience required.
  1. COURSE 1

    Federal Taxation I: Individuals, Employees, and Sole Proprietors

    Upcoming session: Nov 27
    Commitment
    6-8 hours/week
    Subtitles
    English

    About the Course

    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 a
  2. COURSE 2

    Federal Taxation II: Property Transactions of Business Owners and Shareholders

    Upcoming session: Nov 27
    Commitment
    8 weeks of study, 6-8 hours/week
    Subtitles
    English

    About the Course

    This course examines the U.S. federal tax system as it relates to property transactions of business owners and shareholders. Topics include cost recovery, such as depreciation, amortization, and depletion; calculation of realized versus re
  3. COURSE 3

    Taxation of Business Entities I: Corporations

    Starts January 2018
    Commitment
    8 weeks of study, 6-8 hours/week
    Subtitles
    English

    About the Course

    This course provides an introduction to the U.S. federal income taxation of corporations and their shareholders. The course focuses on the relevant provisions of Subchapter C of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing corporate formation, operations, distributions, and liquidation. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.
  4. COURSE 4

    Taxation of Business Entities II: Pass-Through Entities

    Starts March 2018
    Commitment
    8 weeks of study, 6-8 hours/week
    Subtitles
    English

    About the Course

    This course provides an introduction to the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. The course focuses on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing the formation, operation, and termination of pass-through entities. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.
  5. COURSE 5

    U.S. Federal Taxation Capstone

    Starts July 2018
    Subtitles
    English

    About the Course

    The Capstone is the culminating project in the US Federal Tax Specialization. You will have the opportunity to combine the concepts and techniques obtained through all the courses in this specialization (Federal Taxation I: Individuals, Employees and Sole Proprietors, Federal Taxation II: Property Transactions of Business Owners and Shareholders, Taxation of Business Entities I: Corporations, and Taxation of Business Entities II: Pass-Through Entities) and apply them to a real world tax project. The Capstone project will be 3 weeks long. You must take the Capstone project class after taking all the other courses in this Specialization.

Creators

  • University of Illinois at Urbana-Champaign

    Founded in 1867, the University of Illinois at Urbana-Champaign pioneers innovative research that tackles global problems and expands the human experience.

    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.

  • Petro Lisowsky, PhD, CPA

    Petro Lisowsky, PhD, CPA

    Associate Professor of Accountancy
  • Michael P Donohoe, PhD

    Michael P Donohoe, PhD

    Associate Professor of Accountancy and PwC Faculty Fellow

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