BUS 64 — Taxes: Building and Maintaining Wealth
Course Format: On-campus (About Formats)
Duration: 5 weeks
Date(s): Jul 10—Aug 7
Time: 7:00—8:50 pm (PT)
Refund Deadline: Jul 12
Instructor(s): Christopher Canellos
Class Recording Available: No
7:00—8:50 pm (PT)
Jul 10—Aug 7
It’s not how much you make; it’s what you keep. Many people in the US earn their money from a regular job; they get a paycheck and routinely pay income taxes. But the way wealthy Americans make money is more diverse, as are their investments. What wealthy Americans know is that the key to financial planning strategy is taxes. They know how to create sophisticated tax-saving measures, which in turn save dollars that can be reinvested to generate additional wealth. Recently, the United States income tax code underwent significant changes. This course demystifies the revisions to the tax code and examines their impact on a broad range of financial planning strategies, including purchasing a personal residence and other investment real estate, financing education, saving for retirement, estate planning, charitable giving, and minimizing the alternative minimum tax. The course goes beyond introductory financial planning to look at how you can create more complex tax-saving techniques just in time for tax season. We will cover the still-relevant details of the SECURE and CARES acts and other new legislation passed into law. By the end of the course, you will have the tools necessary to estimate your tax bill and be able to fold your knowledge of the new tax laws into your financial strategy.
Christopher Canellos has been a certified public accountant for more than four decades. He is a recipient of the Walter J. Gores Award for Excellence in Teaching and was a lecturer at the Stanford Graduate School of Business from 1982 to 2006. Canellos received an MBA from Stanford.
Senior Advisor, Stanford Financial Management Services
Textbooks for this course:
There are no required textbooks; however, some fee-based online readings may be assigned.