Individual Income Tax Form 1040 Comprehensive Problem

Individual Income Tax Form 1040 Comprehensive Problem, available at $74.99, has an average rating of 4.65, with 50 lectures, based on 135 reviews, and has 26788 subscribers.

You will learn about How to complete at tax return How to calculate taxes using a tax formula How to use tax software to help complete a complex return How to use an Excel tax worksheet to check work This course is ideal for individuals who are Tax Professionals or Tax Students or Individual Taxpayers It is particularly useful for Tax Professionals or Tax Students or Individual Taxpayers.

Enroll now: Individual Income Tax Form 1040 Comprehensive Problem

Summary

Title: Individual Income Tax Form 1040 Comprehensive Problem

Price: $74.99

Average Rating: 4.65

Number of Lectures: 50

Number of Published Lectures: 50

Number of Curriculum Items: 50

Number of Published Curriculum Objects: 50

Original Price: $174.99

Quality Status: approved

Status: Live

What You Will Learn

How to complete at tax return
How to calculate taxes using a tax formula
How to use tax software to help complete a complex return
How to use an Excel tax worksheet to check work

Who Should Attend

Tax Professionals
Tax Students
Individual Taxpayers

Target Audiences

Tax Professionals
Tax Students
Individual Taxpayers

This is a project based income tax course.

We will construct a complex tax return in a step by step format, beginning with a basic return & building complexity as we move forward.

The course will demonstrate the data input within 2020 income tax forms as well as the use of an Excel worksheet to check the numbers and demonstrate the use of tax software.

Using tax software & an Excel worksheet, formatted as the income tax equation, are common, and best practices for many tax professionals, practices that greatly increase understanding and accuracy.

The practice problem with start by using basic tax data input forms such as W-2 forms and Form 1099s. We will then add a Schedule A Itemized Deductions. The problem will eventually include a Schedule C Sole Proprietorship and Schedule E Rental Income or Loss.

The materials for the course will include example tax forms after many of the steps in the practice problem. We will also include an Excel worksheet template that will be used in the instructional videos.

We will be using Lacerte tax software. You are not required to have Lacerte tax software to follow along. If you do not have tax software you can still follow along using tax forms from the IRS website and use the Excel worksheet. Other tax software can also be used in a similar way.

In some cases Lacerte may offer a free 30-day trial period of the tax software.

Course Curriculum

Chapter 1: Income Section

Lecture 1: 310 Practice Problem 1 Part 1 Introduction Organizing Documents

Lecture 2: 315 Practice Problem 1 Part 2 Data Input Form W-2

Lecture 3: 320 Practice Problem 1 Part 3 Data Input Form W-2 Tax Formula – Excel Worksheet

Lecture 4: 325 Practice Problem 1 Part 4 Data Input Form 1099-DIV & Form 1099-INT

Lecture 5: 330 Practice Problem 1 Part 5 Data Input Form 1099-DIV & Form 1099-INT Tax Formu

Lecture 6: 335 Part 6 Data Input Form 1099-B Proceeds From Broker & Exchange Transactions

Lecture 7: 340 Practice Problem 1 Part 6 Data Input Form 1099-B Proceeds From Broker & Exch

Lecture 8: 345 Practice Problem 1 Part 7 Data Input State Refund, Unemployment, & Winnings

Lecture 9: 350 Practice Problem 1 Part 8 Data Input State Refund, Unemployment, & Winnings

Chapter 2: Comprehensive Problem Part 2

Lecture 1: 410 Practice Problem 1 Presentation 8 Adjustments to Income Student Loan Interes

Lecture 2: 412 Practice Problem 1 Presentation 9 Adjustments to Income Student Loan Interes

Lecture 3: 415 Practice Problem 1 Presentation 10 Adjustments to Income Charitable Contribu

Lecture 4: 417 Practice Problem 1 Presentation 11 Adjustments to Income Charitable Contribu

Lecture 5: 420 Practice Problem 1 Presentation 12 Adjustments to Income IRA Deduction

Lecture 6: 422 Practice Problem 1 Presentation 13 Adjustments to Income IRA Deduction Tax F

Lecture 7: 425 Practice Problem 1 Presentation 14 Adjustments to Income Alimony Paid

Lecture 8: 427 Practice Problem 1 Presentation 15 Adjustments to Income Alimony Paid Tax Fo

Lecture 9: 432 Practice Problem 1 Presentation 17 Adjustments to Income Educator Expenses T

Chapter 3: Comprehensive Problem Part 3

Lecture 1: 510 Practice Problem 1 Presentation 18 Itemized Deductions Medical & Dental Expe

Lecture 2: 515 Practice Problem 1 Presentation 19 Itemized Deductions Medical & Dental Expe

Lecture 3: 520 Practice Problem 1 Presentation 20 Itemized Deductions Taxes You Pay

Lecture 4: 522 Practice Problem 1 Presentation 21 Itemized Deductions Taxes You Pay Tax For

Lecture 5: 525 Practice Problem 1 Presentation 22 Itemized Deductions Interest you Pay

Lecture 6: 527 Practice Problem 1 Presentation 23 Itemized Deductions Interest you Pay Tax

Lecture 7: 530 Practice Problem 1 Presentation 24 Gifts to Charity

Lecture 8: 532 Practice Problem 1 Presentation 25 Gifts to Charity Tax Formula – Excel

Lecture 9: 535 Practice Problem 1 Presentation 26 Other Itemized Deductions – Gamboling Los

Lecture 10: 537 Practice Problem 1 Presentation 27 Other Itemized Deductions – Gamboling Los

Chapter 4: Comprehensive Problem Part 4

Lecture 1: 610 Practice Problem 1 #28 Sch. C Business Setup Business Worksheet

Lecture 2: 615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustment

Lecture 3: 620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open It

Lecture 4: 621 Practice Problem 1 #31 Sch C Business Format Worksheet for Tax Adjustments

Lecture 5: 630 Practice Problem 1 #32 Sch C Business Auto Expense

Lecture 6: 635 Practice Problem 1 #33 Sch C Business Business Use of Home Office

Lecture 7: 645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insu

Lecture 8: 650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Incom

Lecture 9: 655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments

Chapter 5: Comprehensive Problem Part 5

Lecture 1: 710 Practice Problem 1 #38 Child Tax Credit & Other Dependents Tax Credit

Lecture 2: 712 Practice Problem 1 #39 Child Tax Credit & Other Dependents Tax Credit Tax Fo

Lecture 3: 715 Practice Problem 1 #40 Education Credit

Lecture 4: 717 Practice Problem 1 #41 Education Credit Tax Formula – Excel

Lecture 5: 720 Practice Problem 1 #42 Child & Dependent Care Credit

Lecture 6: 722 Practice Problem 1 #43 Child & Dependent Care Credit Tax Formula – Excel

Lecture 7: 725 Practice Problem 1 #44 Residential Entergy Credit

Lecture 8: 727 Practice Problem 1 #45 Residential Energy Credit Tax Formula – Excel

Chapter 6: Comprehensive Problem Part 6

Lecture 1: 805 Practice Problem 1 #45 Rental Property Sch E Setup Worksheet

Lecture 2: 810 Practice Problem 1 #46 Rental Property Sch E Depreciation

Lecture 3: 815 Practice Problem 1 #47 Rental Property Sch E Data Input

Lecture 4: 820 Practice Problem 1 #48 Rental Property Sch E Data Input Tax Formula – Excel

Lecture 5: 825 Practice Problem 1 #49 Diagnostic State & Local Tax (SALT) Deduction Limitat

Instructors

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI

Rating Distribution

1 stars: 2 votes
2 stars: 7 votes
3 stars: 12 votes
4 stars: 32 votes
5 stars: 82 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

Menu