Tax Preparation and Law 2023, 2022, & 2021

Tax Preparation and Law 2023, 2022, & 2021, available at $139.99, has an average rating of 4.72, with 791 lectures, based on 3139 reviews, and has 21021 subscribers.

You will learn about Analyze tax laws to accurately determine income tax obligations and compliance requirements. Apply tax formulas and calculations to calculate taxable income with precision and optimize deductions. Evaluate the impact of different filing statuses on tax liabilities and identify the most advantageous option. Assess various components of gross income for tax purposes, ensuring comprehensive and accurate reporting. Apply above-the-line deductions to adjust income effectively, maximizing tax benefits. Calculate and optimize itemized deductions, including mortgage interest, medical expenses, and charitable contributions. Understand self-employment tax reporting using Schedule C and utilize the 20% small business deduction effectively. Calculate capital gains and losses using Schedule D, considering applicable tax rates and holding periods. Accurately report rental property income and expenses using Schedule E, optimizing deductions and depreciation. Evaluate eligibility and navigate the complexities of tax credits, such as the child tax credit, earned income credit, and education credits. Solve complex tax scenarios and address common tax challenges through comprehensive problem-solving exercises. This course is ideal for individuals who are Individuals interested in pursuing a career in tax preparation or accounting. or Small business owners who want to accurately report their income and deductions. or Students studying accounting, finance, or related fields. or Professionals who need to enhance their knowledge of income tax laws for their job roles. or Individuals who want to gain confidence in preparing their own income tax returns. or Anyone seeking to expand their financial literacy and understanding of personal finance. It is particularly useful for Individuals interested in pursuing a career in tax preparation or accounting. or Small business owners who want to accurately report their income and deductions. or Students studying accounting, finance, or related fields. or Professionals who need to enhance their knowledge of income tax laws for their job roles. or Individuals who want to gain confidence in preparing their own income tax returns. or Anyone seeking to expand their financial literacy and understanding of personal finance.

Enroll now: Tax Preparation and Law 2023, 2022, & 2021

Summary

Title: Tax Preparation and Law 2023, 2022, & 2021

Price: $139.99

Average Rating: 4.72

Number of Lectures: 791

Number of Published Lectures: 791

Number of Curriculum Items: 791

Number of Published Curriculum Objects: 791

Original Price: $199.99

Quality Status: approved

Status: Live

What You Will Learn

Analyze tax laws to accurately determine income tax obligations and compliance requirements.
Apply tax formulas and calculations to calculate taxable income with precision and optimize deductions.
Evaluate the impact of different filing statuses on tax liabilities and identify the most advantageous option.
Assess various components of gross income for tax purposes, ensuring comprehensive and accurate reporting.
Apply above-the-line deductions to adjust income effectively, maximizing tax benefits.
Calculate and optimize itemized deductions, including mortgage interest, medical expenses, and charitable contributions.
Understand self-employment tax reporting using Schedule C and utilize the 20% small business deduction effectively.
Calculate capital gains and losses using Schedule D, considering applicable tax rates and holding periods.
Accurately report rental property income and expenses using Schedule E, optimizing deductions and depreciation.
Evaluate eligibility and navigate the complexities of tax credits, such as the child tax credit, earned income credit, and education credits.
Solve complex tax scenarios and address common tax challenges through comprehensive problem-solving exercises.

Who Should Attend

Individuals interested in pursuing a career in tax preparation or accounting.
Small business owners who want to accurately report their income and deductions.
Students studying accounting, finance, or related fields.
Professionals who need to enhance their knowledge of income tax laws for their job roles.
Individuals who want to gain confidence in preparing their own income tax returns.
Anyone seeking to expand their financial literacy and understanding of personal finance.

Target Audiences

Individuals interested in pursuing a career in tax preparation or accounting.
Small business owners who want to accurately report their income and deductions.
Students studying accounting, finance, or related fields.
Professionals who need to enhance their knowledge of income tax laws for their job roles.
Individuals who want to gain confidence in preparing their own income tax returns.
Anyone seeking to expand their financial literacy and understanding of personal finance.

Are you looking for a comprehensive income tax preparation course? Look no further! This course is your ultimate resource, providing you with presentations, downloadable PDF files, practice problems, and comprehensive step-by-step instructions.

As an updated course, current students will have access to all the latest information and updates for the tax seasons. We greatly value the feedback and support we’ve received from our colleagues and learners, which has helped us enhance the course content and make it even more valuable.

Starting with the basics, this course introduces the concept of income tax and tax law, explaining how it is formatted. Through practical examples and visuals, we break down the tax system, providing you with a clear understanding of each component. You’ll have the opportunity to apply the concepts through practice problems that simulate real-world scenarios.

Step by step, we’ll guide you through the process of filling out a tax form, helping you understand the tax formula. We’ll delve into important topics like filing status, dependents, and their impact on the tax formula. Additionally, we’ll cover what is included and not included in gross income, discussing the taxation implications for each category.

You’ll also learn about adjustments for adjusted gross income (above the line deductions), exploring primary deduction categories and their calculations. Itemized deductions reported on Schedule A will be thoroughly discussed, providing practical examples to enhance your understanding.

For individuals with self-employment income, we’ll cover the reporting of self-employment taxes using Schedule C. We’ll address self-employment tax, including social security and Medicare, as well as the eligibility criteria for the 20% deduction available to many small businesses.

Calculating capital gains using Schedule D will be demystified through practical examples, ensuring you grasp the intricacies of this topic. Furthermore, we’ll guide you through reporting rental property using Schedule E, offering examples to simplify the process.

The course also covers various tax credits, such as the child tax credit, earned income credit, and education credits. You’ll gain a comprehensive understanding of each credit and explore practical examples.

Join us on this comprehensive journey to become proficient in income tax preparation. Enroll now and gain the knowledge and confidence needed to handle your taxes accurately and effectively.

Note: This course is designed for United States tax filers.

Course Curriculum

Chapter 1: 2023-2024 – Introduction

Lecture 1: 1010 Why & How To Learn Tax Law

Lecture 2: Quizlet Resource

Lecture 3: 1020 Methods & Tools for Learning Tax Law

Lecture 4: 1030 Tax Software Options

Lecture 5: 1040 Free Tax Tool

Lecture 6: 1050 Tax Types or Categories

Lecture 7: 1070 Marginal & Average Tax Rates

Lecture 8: 1080 Marginal & Average Tax Rates Example

Lecture 9: 1090 Income Tax Formula

Lecture 10: 1100 Software Income Tax Formula Example

Lecture 11: 1110 Tax Law & Tax Authority

Lecture 12: 1120 Circular 230 Regulations Governing Practice Before IRS

Lecture 13: 1130 Affordable Care Act – What you Need to Know

Chapter 2: 2023-2024 – What's New & Filing Requirements

Lecture 1: 1135 What's New

Lecture 2: 1145 Do You Have To File

Lecture 3: 1155 When and Where Should You File

Chapter 3: 2023 – 2024 – Excel Worksheet – Tax Formula

Lecture 1: 1500 Create a Tax Formulate Worksheet Using Excel Part 1

Lecture 2: 1505 Tax Formula Worksheet Using Excel Part 2

Chapter 4: 2023 – 2024 Filing Status

Lecture 1: 2010 Filing Status

Lecture 2: 2020 Filing Status Definitions

Lecture 3: 2025 Filing Status Definitions Example

Lecture 4: 2030 Name & Address

Lecture 5: 2040 Social Security Number (SSN)

Chapter 5: 2023 – 2024 Standard Deduction

Lecture 1: 2050 Standard Deduction

Lecture 2: 2055 Tax Software Standard Deduction

Chapter 6: 2023 – 2024 Dependents

Lecture 1: 2060 Who Qualifies as Your Dependent

Lecture 2: 2072 Who Qualifies as Your Dependent – Definitions and Special Rules

Lecture 3: 2080 Who Qualifies as Your Dependent Example

Chapter 7: 2023 – 2024 Gross Income

Lecture 1: 3005 Income Reporting Forms, Concepts, & Overview

Lecture 2: 3010 Taxable Income Overview

Lecture 3: 3080 Income Line 1 Including W-2 Wages & Tip Income

Lecture 4: 3100 W-2 Income Example

Lecture 5: 3120 Interest Income

Lecture 6: 3140 Interest Income Example

Lecture 7: 3160 Dividend Income

Lecture 8: 3180 Dividend Income Example

Lecture 9: 3200 IRA Distributions

Lecture 10: 3205 IRA Distributions Example

Lecture 11: 3240 Pensions & Annuities

Lecture 12: 3244 Pensions & Annuities Example

Lecture 13: 3260 Social Security Benefits

Lecture 14: 3262 Social Security Benefits Example

Lecture 15: 3280 Taxable Refunds, Credits, or Offsets of State and Local Income Taxes

Lecture 16: 3282 Taxable Refunds, Credits, or Offsets of State and Local Income Taxes Exampl

Lecture 17: 3300 Alimony Received

Lecture 18: 3302 Alimony Received Example

Lecture 19: 3320 Business Income or Loss & Other Gains or (Losses)

Lecture 20: 3322 Business Income or Loss & Other Gains or (Losses) Example

Lecture 21: 3340 Unemployment Compensation

Lecture 22: 3342 Unemployment Compensation Example

Lecture 23: 3350 Other Income Part 1

Lecture 24: 3352 Other Income Part 1 Software

Lecture 25: 3354 Other Income Part 2

Lecture 26: 3356 Other Income Part 2 Software

Lecture 27: 3360 Capital Gain or (Loss)

Lecture 28: 3362 Capital Gain or (Loss) Example

Chapter 8: 2023 – 2024 Adjustments to Income Sch. 1

Lecture 1: 4010 Educator Expenses

Lecture 2: 4012 Educator Expenses Example

Lecture 3: 4030 Certain Business Expenses of Reservists, Performing Artists, and Fee-Basis

Lecture 4: 4032 Certain Business Expenses of Reservists, Performing Artists, and Fee-Basis

Lecture 5: 4050 HSA, Moving Expenses, Deductible Part of Self-Employment Tax, & Self-Employ

Lecture 6: 4052 HSA, Moving Expenses, Deductible Part of Self-Employment Tax, & Self-Employ

Lecture 7: 4070 Self-Employed Health Insurance Deduction

Lecture 8: 4072 Self-Employed Health Insurance Example

Lecture 9: 4100 Alimony & IRA Deduction

Lecture 10: 4107 Alimony & IRA Deduction Example

Lecture 11: 4120 Student Loan Interest Deduction

Lecture 12: 4122 Student Loan Interest Deduction Expense

Lecture 13: 4140 Health Savings Account (HSA) Deduction

Lecture 14: 4142 Health Savings Account (HSA) Deduction Example

Lecture 15: 4150 Other Adjustments to Income

Lecture 16: 4155 Other Adjustments to Income Example

Chapter 9: 2023 – 2024 Itemized Deductions

Lecture 1: 5010 Itemized Deduction Overview

Lecture 2: 5012 Itemized Deduction Overview Software

Lecture 3: 5030 Medical and Dental Expenses Part 1

Lecture 4: 5042 Medical and Dental Expenses Software Example

Lecture 5: 5044 Taxes You Paid Overview

Lecture 6: 5045 Itemized Deductions – State and Local General Sales Taxes

Lecture 7: 5047 Itemized Deductions – State and Local Real Estate Taxes

Lecture 8: 5049 Itemized Deductions – Property Taxes & Other Taxes

Lecture 9: 5054 Itemized Deductions – Taxes You Paid Example

Lecture 10: 5070 IItemized Deductions – Interest You Paid

Lecture 11: 5072 Itemized Deductions – Home Mortgage Interest

Lecture 12: 5092 Itemized Deductions – Interest You Paid Example

Lecture 13: 5140 Itemized Deductions – Gifts to Charity Overview

Lecture 14: 5142 Itemized Deductions – Charity Gifts by Cash or Check & Other Than by Cash

Lecture 15: 5162 Itemized Deductions – Gifts to Charity Example

Lecture 16: 5200 Itemized Deductions -Casualty and Theft Losses

Lecture 17: 5240 Itemized Deductions – Other Itemized Deductions

Lecture 18: 5242 Other Itemized Deductions & Casualty and Theft Losses Example

Chapter 10: 2023 – 2024 Self Employed Business Income Schedule C

Instructors

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

Rating Distribution

1 stars: 49 votes
2 stars: 73 votes
3 stars: 391 votes
4 stars: 969 votes
5 stars: 1657 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!

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