Prepare your Taxes

Once you start making money or owning property, you also will start owing taxes. Whether you file them yourself or hire a professional, there are a lot of nuances to be aware of and taxes can easily get overwhelming. This course will provide a crash course into taxes including how to best prepare and what you need to know to avoid making costly mistakes.

The Personal Taxes course will help you clarify the process to file your taxes, analyze the documents and decisions you need to make, and then act on filing your taxes to maximize your refund!

As a part of the Commonwealth Leadership Alliance Core Six™ curriculum, this course will cover the components of Decision-Making and Financial Literacy.

  • Identify the different types of taxes
  • Summarize the process for filing taxes
  • Explain the difference between tax evasion and tax avoidance
  • Discuss common tax mistakes to avoid

Course curriculum

    1. Why do we pay taxes?

    2. Types of Taxes

    1. Filing Taxes 101

    2. Tax Preparation Checklist

    3. Tax Filing Process

    4. Consider Your Exemptions

    5. Tax Refunds

    6. Tax Avoidance vs. Tax Evasion

    7. Common Mistakes to Avoid

    8. Knowledge check

    1. Reflection

    2. Supplemental Resources

    3. Continue the Conversation

About this course

  • 13 lessons

Course Contributor

Nikolay Clark

Bank Officer, Accounting Operations Supervisor, Evans Bank