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:

5 courses

Follow the suggested order or choose your own.

Projects

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

Certificates

Highlight your new skills on your resume or LinkedIn.

Projects Overview

Courses within this specialization involve multiple projects within each course, including preparing tax returns and real-world applications of tax principles. In addition, the Capstone for this specialization is comprised of a comprehensive project reflecting key principles of all four foundational courses.

Courses

Intermediate Specialization.: Some related experience required.

COURSE 1
Federal Taxation I: Individuals, Employees, and Sole Proprietors
Upcoming session: Jun 11
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
You can choose to take this course only. Learn more.
COURSE 2
Federal Taxation II: Property Transactions of Business Owners and Shareholders
Upcoming session: May 28
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
You can choose to take this course only. Learn more.
COURSE 3
Taxation of Business Entities I: Corporations
Upcoming session: Jun 4
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
You can choose to take this course only. Learn more.
COURSE 4
Taxation of Business Entities II: Pass-Through Entities
Upcoming session:
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 Subchapte
You can choose to take this course only. Learn more.
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.
You can choose to take this course only. Learn more.

Creators

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
Associate Professor of Accountancy
Michael P Donohoe, PhD, CPA
Associate Professor of Accountancy and PwC Faculty Fellow
Matthew Hutchens
Lecturer of Accountancy

FAQs

More questions? Visit the Learner Help Center.