About this Course
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Intermediate Level

Approx. 37 hours to complete

Suggested: 6-8 hours/week...

English

Subtitles: English

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 37 hours to complete

Suggested: 6-8 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
1 hour to complete

INTRODUCTION TO THE COURSE

3 videos (Total 8 min), 3 readings
3 videos
About Professor Matthew Hutchens1m
About Professor Petro Lisowsky3m
3 readings
Syllabus15m
About the Discussion Forums5m
Update Your Profile5m
7 hours to complete

MODULE 1: AN INTRODUCTION TO TAXATION

9 videos (Total 75 min), 6 readings, 10 quizzes
9 videos
Evaluating a Tax System4m
The Tax Structure11m
The Tax Structure: Examples6m
Types of Taxes14m
Origins of Tax Law4m
Statutory Sources of Tax Law6m
Administrative Sources of Tax Law9m
Judicial Sources of Tax Law7m
6 readings
Module 1 Overview and Resources10m
The 2017 Tax Revision15m
Wealth of Nations and AICPA's Guiding Principles of Good Tax Policy (optional)15m
Who Pays Federal Taxes?5m
How Do Marginal Tax Rates Work10m
1862 and 1913 Tax Forms (optional)5m
10 practice exercises
Lesson 1.1 Knowledge Check30m
Lesson 1.2 Knowledge Check10m
Lesson 1.3 Knowledge Check30m
Lesson 1.4 Knowledge Check30m
Lesson 1.5 Knowledge Check30m
Lesson 1.6 Knowledge Check30m
Lesson 1.7 Knowledge Check30m
Lesson 1.8 Knowledge Check30m
Lesson 1.9 Knowledge Check30m
Module 1 Quiz30m
Week
2
6 hours to complete

MODULE 2: COMPUTING THE TAX

7 videos (Total 70 min), 7 readings, 7 quizzes
7 videos
Deductions and AGI6m
Qualifying Children and Qualifying Relatives - Part 112m
Qualifying Children and Qualifying Relatives Part 212m
Tax Calculation9m
Filing Status10m
Filing Requirements and Other Dependent Issues9m
7 readings
Module 2 Overview and Resources10m
Standard Deduction Amounts for 2018 and 201910m
Qualifying Child and Qualifying Relative Tests10m
The Child Tax Credit: Current Law20m
Tax Rate Schedules for 201810m
Tax Rate Schedules for 201910m
Overview of the Federal Tax System in 201830m
7 practice exercises
Lesson 2.1 Knowledge Check30m
Lesson 2.2 Knowledge Check30m
Lesson 2.3 Knowledge Check30m
Lesson 2.4 Knowledge Check30m
Lesson 2.5 Knowledge Check30m
Lesson 2.6 Knowledge Check30m
Module 2 Quiz30m
Week
3
5 hours to complete

MODULE 3: GROSS INCOME

6 videos (Total 59 min), 1 reading, 7 quizzes
6 videos
Accounting Methods6m
Accounting Method Exceptions7m
Gross Income I: Alimony, Discharge of Indebtedness, Annuities11m
Gross Income: Example7m
Gross Income II: Prizes, Life Insurance, Unemployment Compensation, Social Security Benefits11m
1 reading
Module 3 Overview and Resources10m
7 practice exercises
Lesson 3.1 Knowledge Check30m
Lesson 3.2 Knowledge Check30m
Lesson 3.3 Knowledge Check30m
Lesson 3.4 Knowledge Check30m
Lesson 3.5 Knowledge Check30m
Lesson 3.6 Knowledge Check30m
Module 3 Quiz30m
Week
4
4 hours to complete

MODULE 4: GROSS INCOME: EXCLUSIONS

5 videos (Total 52 min), 2 readings, 6 quizzes
5 videos
Scholarships, Payments for Damages, Compensation for Injuries and Sickness16m
Meals and Lodging, Recovery of Capital Issues10m
Employee Fringe Benefits: Non-Discriminatory11m
Employee Fringe Benefits: Discriminatory5m
2 readings
Module 4 Overview and Resources10m
Sharing "Goodreads"10m
6 practice exercises
Lesson 4.1 Knowledge Check30m
Lesson 4.2 Knowledge Check30m
Lesson 4.3 Knowledge Check30m
Lesson 4.4 Knowledge Check30m
Lesson 4.5 Knowledge Check30m
Module 4 Quiz30m
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Top reviews from Federal Taxation I: Individuals, Employees, and Sole Proprietors

By RGSep 6th 2018

Completed on September 5, 2018 - excellent introduction course that can lead to a Coursera Certificate titled "U.S. Federal Taxation Specialization" sponsored by the University of Illinois.

By BMOct 23rd 2018

EXCELLENT VIDEOS, GREAT QUIZ, PRACTICAL APPLICATION AND SOLVING OF PROBLEM GREATLY HELPS IN UNDERSTANDING THE CONCEPT, AT THE SAME TIME TEACHES TO APPLY THE CONCEPT!!

Instructors

Avatar

Matthew Hutchens

Lecturer of Accountancy
Department of Accountancy
Avatar

Petro Lisowsky, PhD, CPA

Associate Professor of Accountancy
College of Business: Department of Accountancy

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

About University of Illinois at Urbana-Champaign

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. ...

About the U.S. Federal Taxation 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....
U.S. Federal Taxation

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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