Federal Taxation I: Individuals, Employees, and Sole Proprietors

This course is the first in a series of five courses in the US Federal Tax Specialization. It focuses on the U.S. Federal Tax System as it applies to individuals, sole proprietors, and employees. The course covers key concepts such as gross income, items that are included or excluded from it, personal expenses that can be deducted from taxes, and the differences in tax treatment for self-employed taxpayers and employees. Unlike many other tax courses, this one offers a comprehensive overview of the subject and provides practical experience in reporting income and expenses on Form 1040, the main US tax return. It is a valuable resource for anyone looking to gain a deeper understanding of federal taxation for individuals and businesses.