To download a PDF of the syllabus, please click the link below.

CFP 304 314 - Tax Planning.pdf

Level: 300

Course Description

This course covers taxation for individuals, sole proprietorships, partnerships, and corporations, as well as the tax aspects of investments, insurance, annuities, and retirement planning. Students will be able to identify the likely tax consequences of personal and business financial activities and select appropriate and lawful tax-minimizing tactics and strategies.

Prerequisites

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Credits

Please note that Federal regulation defines a credit hour as an amount of work represented in intended learning outcomes and verified by evidence of student achievement that is an institutional established equivalence that reasonably approximates not less than:

  1. One hour of classroom or direct faculty instruction and a minimum of two hours of out of class student work each week for approximately fifteen weeks for one semester or trimester hour of credit, or ten to twelve weeks for one quarter hour of credit, or the equivalent amount of work over a different amount of time; or
  2. At least an equivalent amount of work as required in paragraph (1) of this definition for other academic activities as established by the institution including laboratory work, internships, practica, studio work, and other academic work leading to the award of credit hours.

Online Course Hour Requirements

CFP Federal regulations acknowledge the unique circumstance of “class time” in the online learning environment. This course meets the requirements for a 3-credit undergraduate course delivered over an 8-week period of time.

For this 8-week course, students will engage in various weekly asynchronous activities in the LMS (projects, videos, threaded discussions) and cooperative peer-project activities at a minimum of 6-hours weekly asynchronous engagement (48hrs).  Students should expect to devote 12 additional hours per week reading, writing, collaborating, and preparing assignments for this 8-week accelerated course (96hrs).

Learning Objectives and Outcomes

2022 CFPⓇ Board Principal Knowledge Topics and Learning Objectives

  1. Compare and contrast the fundamental components of the income tax system including filing forms, filing status, income, exemptions, exclusions, deductions, adjustments, credits and tax rates. (E.36.a)
  2. Complete a Form 1040 including the receipt of wages, retirement income, interest, dividends; capital gains, self-employment, rental income or losses; itemized deductions; credits and estimated or carryover payments. (E.37.a)
  3. Differentiate between the organizational form and the tax treatment of income, expenses, payroll and wage taxes for sole proprietorships, partnerships, LLPs, LLCs, S-corps and C-corps. (E.38.a)