Free Online Course

Understanding Income Types

Clarify how different revenue streams are generated, taxed, and built over time — and learn to design a balanced, tax-efficient financial strategy.

View Curriculum ↓

Course Overview

Understanding Income Types is a foundational course designed to clarify how different streams of revenue are generated, taxed, and built over time. Learners explore the core mechanics of earned, passive, and portfolio income — gaining practical insights into how each type impacts long-term wealth accumulation. Through real-world examples and step-by-step breakdowns, the curriculum empowers individuals to diversify their earnings beyond a traditional paycheck and design a balanced, tax-efficient financial strategy aligned with their personal goals.

Earned Income Mastery

Understand W-2 withholdings, FICA mechanics, and statutory employee classifications from the ground up.

Passive & K-1 Mechanics

Decode pass-through entity taxation, Schedule E rentals, depreciation, and real estate professional status.

Portfolio & Capital Gains

Master short vs long-term gains, dividend taxation, and tax-loss harvesting for investment growth.

Balanced Wealth Strategy

Actionable frameworks to diversify revenue streams and design a tax-efficient financial roadmap.

This Course Includes

Everything You Need to Succeed

Access on Multiple Devices

1 Video Lesson

Full Lifetime Access

Course Curriculum

5 Modules · 1 Video Lesson

A guided journey through earned, passive, and portfolio income — engineered by Dr. Misha Milam.

W-2 & Earned Compensation

Overview of Earned Income

Statutory Employee Classifications

Standard Withholdings & FICA Mechanics

Salary Structures & Supplemental Wages

1099-NEC vs 1099-MISC

Independent Contractor Income

Self-Employment Tax Obligations

Schedule C Deductions

Business Write-Offs & Recordkeeping

III

K-1 Partnership & S-Corp Distributions

Pass-Through Entity Tax Treatment

Profit Sharing & Guaranteed Payments

Basis Tracking & Limitations

S-Corp Distribution Strategy

Schedule E — Rental & Royalties

Passive Loss Limitations

Depreciation Rules & Recapture

Real Estate Professional Status

Net Investment Income Tax (NIIT)

Capital Gains & Portfolio Growth

Short-Term vs Long-Term Capital Gains

Dividend Taxation (Qualified vs Ordinary)

Tax-Loss Harvesting Strategies

Building a Tax-Efficient Portfolio

100% Free · Lifetime Access

Understand your income today — for free.

Join thousands of learners trained by Dr. Misha Milam. Get the curriculum, real-world breakdowns, and frameworks to build a balanced, tax-efficient income strategy — no prior finance background required.

Explore All Courses →

Modules

Video Lesson

IRS Aligned