Finance Foundations: Income Taxes
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Finance Foundations: Income Taxes at Linkedin Learning Overview
Duration | 2 hours |
Total fee | ₹1,400 |
Mode of learning | Online |
Difficulty level | Beginner |
Credential | Certificate |
Finance Foundations: Income Taxes at Linkedin Learning Highlights
- Earn a sharable certificate
Finance Foundations: Income Taxes at Linkedin Learning Course details
- In this course, they cover concepts such as taxable income, tax brackets, average and marginal tax rates, tax withholding, deductions, and credits, and explain the motivation behind federal tax deductions such as mortgages, dependents, and charitable giving
Finance Foundations: Income Taxes at Linkedin Learning Curriculum
Introduction
Learn the fundamentals of income taxes
What you should know
Income Tax Overview
The history of income taxes
Different kinds of taxes
How many sets of books does a large company keep?
A Simple Income Tax System
"Taxman" by the Beatles
Tax brackets
Average and marginal tax rates
Tax deductions and tax credits
Ordinary income and capital gains income
Common Tax Loopholes and General Income Tax Policy
Who gets tax breaks?
Examples of individual tax breaks
Examples of business tax breaks
The biggest individual tax loopholes in the US tax code
The biggest corporate tax loopholes in the US tax code
What is the optimal income tax rate?
The relationship between tax revenues and spending
Completing a Basic Tax Return
Della and Dee Stice doing people's taxes
Joint Form 1040: Entering personal information
Joint Form 1040: Computing adjusted gross income (AGI)
Joint Form 1040: Computing the total tax
Joint Form 1040: Additional tax payment or tax refund
Itemized deductions
Single Form 1040: Computing Adjusted Gross Income (AGI)
Single Form 1040: Additional tax payment or tax refund
Online tax returns
Principles of Tax Planning
Tesla and tax planning
What is tax planning?
Strategy 1: Shift income from one time period to another
Strategy 2: Shift income from one pocket to another
Strategy 3: Change the character of the income
Corporate Income Taxes
How large are corporate income taxes?
Ownership structure: Sole, partnership, and corporation
Corporate income tax issues
Multinational corporate income tax issues
Income Taxes: Planning vs. Evasion
Reporting foreign income on US income taxes
Tax evasion: Beware of illegal strategies, part 1
Tax evasion: Beware of illegal strategies, part 2
Common Income Tax Issues for Small Businesses
Tax issues at a family grocery store
Common tax issues for small businesses, part 1
Common tax issues for small businesses, part 2
Is your goal to minimize your income taxes?
Review and Conclusion
Taxes can be complex, but you have the basic tools
Concluding income tax advice
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Finance Foundations: Income Taxes