Understanding Individual Taxation

Introduction: This course provides an in-depth exploration of the principles and practices of individual taxation in the United States. It is designed for those who seek a comprehensive understanding of federal income tax law as it applies to individuals. The course covers a broad range of topics including the determination of gross income, allowable deductions, and credits, tax computations, and the impact of various filing statuses.

Students will learn how to accurately calculate taxable income, understand the implications of different tax rates, and apply tax planning strategies to minimize tax liability. The course also addresses the treatment of special topics such as capital gains and losses, retirement savings, self-employment income, and the alternative minimum tax. In addition to federal taxation, the course will provide an overview of state and local tax issues, estate and gift taxes, and recent changes in tax law.

Practical Application: Tax principles will be emphasized through problem-solving exercises and case studies. Our facilitators use real-world examples and case studies to illustrate concepts and demonstrate their relevance in the business world.

Instructional Method: Hybrid

Duration: 48 hours

Prerequisite: None

Course Level: Basic