Tax Accounting

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Introduction[edit | edit source]

Welcome to Tax Accounting! This course is being designed to introduce the basic concepts of a U.S. personal tax return. As with all Wikiversity courses, this is a continual joint collaboration among numerous sources, so please check back at regular intervals for updates and new material. Also, please feel free to use the discussion tab at the top of the page for any questions, comments, concerns, or ideas concerning this course.

Prerequisites[edit | edit source]

None. This course assumes no prior knowledge of accounting or finance.

Goals and Objectives[edit | edit source]

By the end of this course, you will be able to:

1. Describe the different types of filing status
2. Understand different types of income
3. Understand deductions and exemptions
4. Understand tax credits
5. Calculate taxes to understand tax liability
6. Be able to read and analyze Form 1040
7. Understand how to amend tax returns

How to use this course[edit | edit source]

This course is a work in progress and will, hopefully, be updated and improved continually.

Textbook and required readings[edit | edit source]

There is no textbook for this course. Required readings will be displayed in the individual sessions. They will be comprised of Wikipedia articles and URL's to other websites.

See also[edit | edit source]

• Financial Accounting/MBA - accounting for the Wikiversity Master of Business Administration Program
• Wikibooks: US Income Tax