IIRF Online > Finance & Accounting > Taxes > Tax Preparation > Tax Preparation and Law 2023, 2022, & 2021
Tax Preparation and Law 2023, 2022, & 2021 by Udemy
Unlock Tax Filing Confidence with Practical Examples; Step-by-Step Instructions in this Comprehensive Income Tax Course
Course Highlights
- 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.
Skills you will learn!
Curriculum
12 Topics
1010 Why & How To Learn Tax Law
1020 Methods & Tools for Learning Tax Law
1030 Tax Software Options
1040 Free Tax Tools
1050 Tax Types or Categories
1070 Marginal & Average Tax Rates
1080 Marginal & Average Tax Rates Example
1090 Income Tax Formula
1100 Income Tax Formula Example
1110 Tax Law & Tax Authority
1120 Circular 230 Regulations Governing Practice Before IRS
1130 Affordable Care Act - What you Need to Know
3 Topics
1135 What’s New
1145 Do You Have To File
1155 When and Where
4 Topics
1500 Create a Tax Formulate Worksheet Using Excel Part 1
1505 Create a Tax Formulate Worksheet Using Excel Part 2
1510 Create a Tax Formulate Worksheet Using Excel Part 3
1515 Create a Tax Formulate Worksheet Using Excel Part 4
6 Topics
2010 Filing Status
2020 Filing Status Definitions
2025 Filing Status Example
2030 Name and Address
2040 Social Security Number (SSN)
2042 Digital Assets & Presidential Election Campaign Fund
2 Topics
2050 Standard Deduction
2055 Standard Deduction Example
4 Topics
2060 Who Qualifies as Your Dependent Introduction
2070 Who Qualifies as Your Dependent Questionnaire
2072 Who Qualifies as Your Dependent Definitions and Special Rules
2080 Who Qualifies as Your Dependent Example
28 Topics
3005 Income Reporting Forms Concepts & Overview
3010 Taxable Income Overview
3080 Income Line 1 Including W-2 Wages & Tip Income
3100 W-2 Income Example
3120 Interest Income
3140 Interest Income Example
3160 Dividend Income
3180 Dividend Income Example
3200 IRA Distributions
3205 IRA Distributions Example
3240 Pensions & Annuities
3244 Pensions & Annuities Example
3260 Social Security Benefits
3262 Social Security Benefits Example
3280 Taxable Refunds Credits or Offsets of State and Local Income Taxes
3282 Taxable Refund Credits or Offset os State and Local Taxes
3300 Alimony Received2717138.autosave
3302 Alimony Received Example
3320 Business Income or Loss & Other Gains or (Losses)
3322 Business Income or Loss & Other Gains or (Losses) Example
3340 Unemployment Compensation
3342 Unemployment Compensation Example
3350 Other Income Part 1
3352 Other Income Part 1 Example
3354 Other Income Part 2
3356 Other Income Part 2 Example
3360 Capital Gain or (Loss)
3362 Capital Gain or (Loss) Example
18 Topics
4010 Educator Expenses
4012 Educator Expenses Example
4030 Certain Business Expenses of Reservists Performing Artists and . . .
4032 Certain Business Expenses of Reservists Performing Artists Example
4050 Moving Expenses Deductible Part of Self-Employment Tax & Self-Employed SE
4052 HSA Moving Expenses Deductible Part of Self-Employment Tax &. . .
4070 Self-Employed Health Insurance Deduction
4072 Self-Employed Health Insurance Example
4090 Penalty on Early Withdrawal of Savings and Alimony Paid
4092 Penalty on Early Withdrawal of Savings and Alimony Paid Example
4100 IRA Deduction
4105 IRA Deduction Questioner
4107 IRA Deduction Example
4120 Student Loan Interest Deduction
4122 Student Loan Interest Deduction Expense
4140 Archer MSA Deduction
4150 Jury Duty Pay
4155 Jury Duty Pay Example
15 Topics
5010 Itemized Deductions Overview
5012 Itemized Deductions Overview Example
5030 Medical and Dental Expenses
5042 Medical and Dental Expenses Example
5044 Taxes You Paid Part 1
5045 Itemized Deductions - Taxes You Paid Part 2527100d.autosave
5052 Itemized Deductions - Taxes You Paid Example
5070 Itemized Deductions - Interest You Paidf1e2ab.autosave
5092 Itemized Deductions - Interest You Paid Example
5140 Itemized Deductions - Gifts to Charity
5162 Itemized Deductions - Gifts to Charity Example
5200 Itemized Deductions - Casualty and Theft Losses
5205 Itemized Deductions - Casualty and Theft Losses Expenses
5240 Itemized Deductions - Other Itemized Deductions
5242 Other Itemized Deductions Example
74 Topics
6020 Sch. C Impact on Tax Return Software
6040 Are You Self-Employed
6060 Business Owned & Operated by Spouses
6062 Business Owned & Operated by Spouses Example
6080 Self-Employed – What You Need to Know
6100 Sch. C What’s New for 2022
6120 Sch. C Identification Numbers
6130 Small Business - How to Pay Income Tax
6140 Self-Employment (SE) Tax
6142 Self-Employment (SE) Tax Example
6160 Employment Taxes
6162 Employment Taxes Example
6180 Excise Taxes
6200 Information Return
6220 Accounting Periods and Methods Introduction
6240 Accounting Methods Overview
6260 Cash Method
6280 Accrual Method
6300 Combination Accounting Method
6305 Inventory Uniform Capitalization Rules & Changes in Accounting Method
6380 Dispositions of Business Property
6382 Dispositions of Business Property Example
6400 Business Credits
6420 Business Income Part 1
6425 Business Income Part 2
6452 Items That Are Not Income
6455 Accounting for Your Income
6490 How To Figure Cost of Goods Sold
6495 Figuring Gross Profit
6497 Cost of Goods Sold & Gross Profit Example
6520 Business Expenses Introduction
6525 Business Expenses Bad Debts
6530 Business Expenses Car and Truck Expenses
6532 Business Expenses Car and Truck Expenses Example
6534 Depreciation Overview
6535 Depreciation Office Home Land Excepted Property & Basis Adjustment
6536 Depreciation Timing & Method
6537 Depreciation - Patents & copyrights Computer software & Certain created i
6538 Depreciation - Election To Exclude Property From MACRS Use of standard mil
6540 Section 179 Deduction Part 1
6541 Section 179 Deduction Part 2 How Much Can You Deduct
6542 Section 179 Deduction Part 3
6543 Special Depreciation Allowance
6546 Depreciation MACRS - Overview
6547 MACRS Depreciation – Which Property Class Applies Under GDS
6548 MACRS Depreciation – What is the Basis for Depreciation
6549 MACRS Depreciation – Which Recovery Period Applies
6550 MACRS Depreciation – Which Convention Applies
6551 MACRS Depreciation Which Depreciation Method Applies
6552 MACRS Depreciation – How is the Depreciation Deduction Figured Part1
6553 MACRS Depreciation – How is the Depreciation Deduction Figured Part 2
6554 MACRS Depreciation – Additional Rules for Listed Property
6559 MACRS Depreciation Examples
6562 MACRS Depreciation Examples Part 2
6564 Section 179 Deduction Examples
6566 Special Depreciation Allowance Example
6570 Business Expenses Employees’ Pay
6577 Business Expenses Insurance
6578 Business Expenses Insurance & Payroll Expense Example
6581 Business Expenses Interest
6584 Business Expenses Legal and Professional Fees
6588 Business Expenses Pension Plans
6589 Business Expenses Pension Plans Example
6590 Business Expenses Rent Expense
6600 Business Expenses Tax
6602 Business Expenses Tax Example
6610 Business Expenses Travel and Meals
6620 Business Use of Your Home
6622 Business Use of Your Home Example
6630 De Minimis Safe Harbor for Tangible Property
6640 Expenses You Cannot Deduct
6650 Figuring Net Profit or Loss
6660 Figuring Self-Employment (SE) Tax
6672 Reporting Self-Employment Tax Example
4 Topics
7020 Tax - Line 16
7250 Tax - Line 16 Example
7260 Payments
7262 Payments Example
29 Topics
8020 Credits for Qualifying Children and Other Dependents Overview
8022 Credits for Qualifying Children and Other Dependents - General Instructions
8025 Credits for Qualifying Children and Other Dependents – Specific Instruction
8030 Credits for Qualifying Children and Other Dependents – Dependent Questioner
8125 Child Tax Credit and Other Dependent Credit Example
8220 Earned Income Tax Credit (EIC) Overview
8230 Earned Income Tax Credit (EIC) Questioner & Tables
8240 Earned Income Tax Credit (EIC) No Children Example
8242 Earned Income Tax Credit (EIC) One Child Example
8244 Earned Income Tax Credit (EIC) Two Child Example
8246 Earned Income Tax Credit (EIC) Three or More Children Example
8520 Child & Dependent Care Expenses Credit Overview
8530 Child & Dependent Care Expenses Credit - Can You Claim the Credit.
8532 Child & Dependent Care Expenses Credit - Can You Claim the Credit Part 2
8540 Child & Dependent Care Expenses Credit – Flowchart - Can You Claim the Cre
8610 Child & Dependent Care Expenses Example
8710 Education Credits Overview5b678c2.autosave
8730 American Opportunity Credit – Introduction
8732 American Opportunity Credit – Can You Claim the Credit
8734 American Opportunity Credit – What Expenses Qualifyce2c4.autosave
8735 American Opportunity Credit – Who Is an Eligible Student
8737 American Opportunity Credit – Who Can Claim a Dependent's Expenses
8739 American Opportunity Credit – Figuring the Credit
8750 Lifetime Learning Credit – Overview
8752 Lifetime Learning Credit – Can You Claim the Credit
8754 Lifetime Learning Credit – What Expenses Qualify
8756 Lifetime Learning Credit – Figuring the Credit
8835 American Opportunity Credit Example
8850 Lifetime Learning Credit Example
19 Topics
9010 Residential Rental Property Introduction
9030 Rental Income and Expenses (If No Personal Use of Dwelling) Part 1
9032 Rental Income and Expenses (If No Personal Use of Dwelling) Part 2
9042 Rental Income and Expenses (If No Personal Use of Dwelling) Example
9060 Depreciation of Rental Property - Basics Part 1
9062 Depreciation of Rental Property - Basics Part 2
9067 Depreciation of Rental Property – MACRS & Special Depreciation Part 1
9068 Depreciation of Rental Property – MACRS & Special Depreciation Part 2
9115 Depreciation of Rental Property Example
9150 Reporting Rental Income Expenses and Losses - Overview
9152 Reporting Rental Income Expenses and Losses - Limits on Rental Losses
9153 Reporting Rental Income Expenses and Losses - Casualties & Theftsa685e.au
9155 Reporting Rental Income Expenses and Losses - Limits on Rental Losses Exa
9200 Rental Property - Condominiums Cooperatives & Property Changed to Rental
9204 Rental Property - Not Rented for Profit & Example of Change to Rental Use
9215 Rental Property –Renting Part of Property & Change to Rental Use Example
9300 Rental Property - Personal Use - Dividing Expenses
9302 Rental Property - Personal Use - Dwelling Unit Used as a Home & Reporting I
9310 Personal Use of Dwelling Unit (Including Vacation Home) Example
11 Topics
1010 Why and How To Learn Tax Law
1020 Method of Learning Tax Law
1030 Lacerte Tax Software
1040 Free Tax Tools
1050 Tax Types or Categories
1060 Government Authority to Tax
1070 Marginal and Average Tax Rates
1080 Marginal and Average Tax Rates
1090 Income Tax Formula
1100 Income Tax Formula Software
1120 Circular 230 Regulations Governing Practice Before IRS
5 Topics
1135 What’s New Part 1
1140 What’s New Part 2
1145 Filing Requirements
1150 When and Where Should You File.
1155 What Form to File - Fiscal Year and Write-in Information
4 Topics
1500 Create a Tax Formula Worksheet Using Excel
1505 Create a Tax Formula Worksheet Using Excel Part 2
1510 Create a Tax Formula Worksheet Using Excel Part 3
1515 Create a Tax Formula Worksheet Using Excel Part 4
4 Topics
2010 Filing Status Part 1
2020 Filing Status Part 2
2030 Filing Status Part 3
2040 Filing Status Tax Software
2 Topics
2050 Standard Deduction New
2055 Standard Deduction
4 Topics
2060 Who Qualifies as Your Dependent
2062 Who Qualifies as Your Dependent Part 2
2070 Who Qualifies as Your Dependent Part 3 Questionnaire
2080 Who Qualifies as Your Dependent
28 Topics
3010 Tax Income – Overview PPP Loans Foreign-Source Income Bankruptcy Cases
3040 Income Reporting Forms
3080 Wages Salaries Tips Etc
3100 W-2 Income Tax Software
3120 Interest Income
3140 Interest Income
3160 Dividend Income5c73965.autosave
3180 Dividend Income
3200 IRA Distributions
3205 IRA Distributions Tax Software
3240 Pensions and Annuities
3244 Pensions and Annuities
3260 Social Security Benefits
3262 Social Security Benefits Software Example
3280 Taxable Refunds Credits or Offsets of State and Local Income Taxes
3282 Taxable Refunds Credits or Offsets of State and Local Income Taxes
3300 Alimony Received
3302 Alimony Received Tax Software
3320 Business Income or Loss and Other Gains or (Losses)590fc.autosave
3322 Business Income or Loss and Other Gains or Losses Tax Software
3340 Unemployment Compensation
3342 Unemployment Compensation Software
3360 Capital Gain or (Loss)
3362 Capital Gain or (Loss) Software
3380 Other Income Part 1
3382 Other Income Part 1 Software
3390 Other Income Part 2
3392 Other Income Part 2
15 Topics
4010 Educator Expenses
4012 Educator Expenses Software
4030 Certain Business Expenses of Reservists
4032 Certain Business Expenses of Reservists Performing Artists and Fee-Basis
4050 HSA Deduction Moving Expenses Deductible Part of Self-Employment Tax
4052 HSA Deduction Moving Expenses Deductible Part of Self-Employment Tax. . .
4070 Self-Employed Health Insurance Deduction
4072 Self-Employed Health Insurance Deduction
4090 Penalty on Early Withdrawal of Savings and Alimony Paid
4092 Penalty on Early Withdrawal of Savings and Alimony Paid Software
4100 IRA Deduction
4120 Student Loan Interest Deduction
4122 Student Loan Interest Deduction
4140 Archer MSA Deduction & Jury Duty Pay
4142 Archer MSA Deduction and Jury Duty Pay Software
22 Topics
5010 Itemized Deductions Overview
5012 Itemized Deductions Overview Software
5030 Medical and Dental Expenses Part 1
5035 Medical and Dental Expenses Part 2
5042 Medical and Dental Expenses Software
5044 Taxes You Paid
5045 Taxes You Paid Part 2
5050 Taxes You Paid Part 3
5052 Taxes You Paid Software
5070 Interest You Paid Part 1
5075 Interest You Paid Part 2
5080 Interest You Paid Part 3
5085 Interest You Paid Part 4
5092 Interest You Paid Software
5140 Gifts to Charity Part 1
5145 Gifts to Charity Part 2
5150 Gifts to Charity Part 3
5155 Gifts to Charity Part 4
5162 Gifts to Charity Part 4 Software
5200 Casualty and Theft Losses
5240 Other Itemized Deductions
5242 Other Itemized Deductions Software
57 Topics
6020 Sch. C Impact on Tax Return Software
6040 Are You Self-Employed
6060 Business Owned and Operated by Spouses
6062 Business Owned and Operated by Spouses Software
6080 Self-Employed – What You Need to Know
6100 Sch. C What’s New for 2021
6120 Sch. C Identification Numbers
6140 Self-Employment (SE) Tax
6142 Self-Employment SE Tax Software
6160 Employment Taxes
6162 Employment Taxes Software
6180 Excise Taxes
6200 Information Returns
6220 Accounting Periods and Methods
6240 Accounting Methods
6260 Cash Method
6280 Accrual Method
6300 Combination Method
6340 Inventories
6360 Change in Accounting Method
6380 Dispositions of Business Property
6382 Dispositions of Business Property Software
6400 Business Credits
6420 Business Income Part 1
6440 Business Income Part 2
6450 Business Income Part 3
6460 Business Income Part 4
6465 Business Income Part 5
6470 Business Income Part 6
6480 Business Income Part 7
6485 Business Income Part 8
6490 How To Figure Cost of Goods Sold
6495 Figuring Gross Profit
6500 Testing Gross Profit Accuracy
6520 Business Expenses
6525 Business Expenses Bad Debts
6530 Business Expenses Car and Truck Expenses
6532 Business Expense Car and Truck Expenses Software
6535 Business Expenses Employees’ Pay
6550 Business Expenses Insurance
6552 Business Expenses Insurance Software
6560 Business Expenses Interest
6570 Business Expenses Legal and Professional Fees
6580 Business Expenses Pension Plans
6582 Business Expenses Pension Plans Software
6590 Rent Expense
6600 Taxes
6602 Business Expenses Tax Software
6610 Travel and Meals
6620 Business Use of Your Home
6622 Business Use of Your Home
6630 De Minimis Safe Harbor for Tangible Property
6650 Figuring Net Profit or Loss
6652 Figuring Net Profit or Loss Software
6660 Self-Employment (SE) Tax
6670 Reporting Self-Employment Tax
6672 Reporting Self-Employment Tax Software22ccd0.autosave
5 Topics
7020 Tax Line 16 Part 1
7240 Tax Line 16 Part 2
7250 Tax Line 16 Software
7260 Payments
7262 Payments Software
35 Topics
8020 Credits for Qualifying Children and Other Dependents Overview
8020 Credits for Qualifying Children and Other Dependents Overview Part 2
8025 Credits for Qualifying Children and Other Dependents Overview Part 3
8030 Child Tax Credit Dependent Qualifications
8040 Part I-A — Child Tax Credit and Credit for Other Dependents (All Filers)
8060 CTC - Part I - B Filers Who Check a Box on Line 13 (RCTC - ODC)
8080 CTC - part I-C - Filers Who Do Not Check a Box on Line 13 (NCTC-ACTC-ODC)
8100 CTC - Parts II-A II-B and II-C—Filers Who Do Not Check a Box on Line 13 (
8120 CTC Excel Worksheet
8125 CTC Excel Software
8220 Earned Income Tax Credit (EIC) Overview
8240 EIC No Qualifying Children
8245 EIC One Qualifying Child
8250 EIC Two Qualifying Children
8255 EIC Three Qualifying Children
8520 Child & Dependent Care Expenses Credit
8530 Child & Dependent Care Expenses Credit Definitions
8550 Child & Dependent Care Expenses Credit Who Can Take the Credit or Exclude D
8560 Child and Dependent Care Expenses Credit Line Instructions Part 1
8570 Childand Dependent Care Expenses Credit Line Instructions Part 2
8580 Child and Dependent Care Expenses Credit Line Instructions Part 3
8590 Child and Dependent Care Expenses Credit Line Instructions Part 4
8610 Child and Dependent Care Expenses Not Married Software
8620 Child and Dependent Care Expenses (MFJ) Software
8710 Education Credits Overview
8730 American Opportunity Credit
8750 Lifetime Learning Credit
8770 Education Credits Adjusted Qualified Education Expenses
8790 Education Credits- Specific Instructions Part 1
8810 Specific Instructions Part 2
8830 Special Instruction Part 3
8835 American Opportunity Credit Software
8850 Lifetime Learning Credit Software
8905 Recovery Rebate Credit Overview
8915 Recovery Rebate Credit Software
23 Topics
9010 Residential Rental Property What’s New
9020 Residential Rental Property Introduction
9030 Residential Rental Property Rental Income and Expenses (If No Personal Use
9035 Residential Rental Property Rental Income and Expenses (If No Personal Use
9040 Residential Rental Property Rental Income and Expenses (If No Personal Use
9042 Residential Rental Property Rental Income and Expenses (If No Personal Use
9060 Depreciation of Rental Property Part 1
9070 Depreciation of Rental Property Part 2
9080 Depreciation of Rental Property Part 3
9090 Depreciation of Rental Property Part 4
9100 Depreciation of Rental Property Part 5
9110 Depreciation of Rental Property Part 6
9115 Depreciation of Rental Property Software
9150 Reporting Rental Income Expenses and Losses Part 1
9150 Reporting Rental Income Expenses and Losses Part 2
9150 Reporting Rental Income Expenses and Losses Part 3
9155 Reporting Rental Income Expenses and Losses
9200 Rental Property - Special Situations Part 1
9210 Rental Property - Special Situations Part 2
9215 Rental Property Special Situations Software (1)
9305 Personal Use of Dwelling Unit (Including Vacation Home) Part 1
9305 Personal Use of Dwelling Unit (Including Vacation Home) Part 2
9310 Personal Use of Dwelling Unit (Including Vacation Home) Software
7 Topics
Introduction
.01 Why & How To Learn Tax Law
.03 Method of Learning Tax Law
.04 Lacerte Tax Software
.05 Free Tax Tools
.06 Tax Types or Categories
.07 Why Can the Government Tax Me
6 Topics
106 Marginal & Average Tax Rates
107 Tax Software Example Marginal & Average Tax Rates
116 Income Tax Formula
120 Tax Software Example Income Tax Formula
140 Tax Law & Authority
144 Circular 230 Regulations Governing Practice Before IRS
8 Topics
205 Filing Status
207 Tax Software Example Filing Status
210 Dependents Overview
211 Dependents Questionnaire
214 Tax Software Example Dependents
217 Standard Deduction
220 Tax Software Example Standard Deduction
224 Penalties & Interest
19 Topics
302 Income
304 Income Reporting Forms
306 Income Recognition Concepts
308 W-2 Income
309 Tax Software Example W-2 Income
310 Interest Income
314 Tax Software Example Interest Income
316 Dividend Income
318 Tax Software Example Dividend Income
320 Income Social Security Benefits
324 Social Security Business
330 Refund From State Income Tax
332 Refund From State Income Tax
335 Part 6 Data Input Form 1099-B Proceeds From Broker & Exchange Transactions
340 Capital Gains
342 Tax Software Example Capital Gains
380 Other Kinds Of Income
382 Tax Software Example Other Kinds Of Income
385 Excluded From Gross Income Fringe Benefits
9 Topics
310 Practice Problem 1 Part 1 Introduction Organizing Documents
315 Practice Problem 1 Part 2 Data Input Form W-2
320 Practice Problem 1 Part 3 Data Input Form W-2 Tax Formula – Excel Worksheet
325 Practice Problem 1 Part 4 Data Input Form 1099-DIV & Form 1099-INT
330 Practice Problem 1 Part 5 Data Input Form 1099-DIV & Form 1099-INT Tax Formu
335 Part 6 Data Input Form 1099-B Proceeds From Broker & Exchange Transactions
340 Practice Problem 1 Part 6 Data Input Form 1099-B Proceeds From Broker & Exch
345 Practice Problem 1 Part 7 Data Input State Refund Unemployment & Winnings
350 Practice Problem 1 Part 8 Data Input State Refund Unemployment & Winnings
21 Topics
405 Adjustments to Income
408 Adjustments to Income Student Loan Interest
409 Adjustments to Income Student Loan Interest
415 Charitable Contributions if you Take the Standard Deduction
417 Charitable Contributions if you Take the Standard Deduction
420 Adjustments to Income Half of Self-Employment Tax
422 Adjustments to Income Half of Self-Employment Tax
425 Self-Employed SEP Simple & qualified plans
427 Self-Employed SEP Simple & qualified plans
430 Adjustments to Income IRA Deduction
432 Adjustments to Income IRA Deduction
435 Adjustments to Income Self-Employed Health Insurance Deduction
437 Adjustments to Income Self-Employed Health Insurance Deduction
440 Adjustments to Income Alimony Paid
442 Adjustments to Income Alimony Paid
475 Certain Business Expenses of Reservists Performing Artists and Fee-Based G
477 Certain Business Expenses of Reservists Performing Artists and Fee-Based G
480 Other Adjustments to Income
482 Tax Software Example Other Adjustments to Income
485 Health Savings Accounts (HSA)
487 Health Savings Accounts HSA
10 Topics
410 Practice Problem 1 Presentation 8 Adjustments to Income Student Loan Interes
412 Practice Problem 1 Presentation 9 Adjustments to Income Student Loan Interes
415 Practice Problem 1 Presentation 10 Adjustments to Income Charitable Contribu
417 Practice Problem 1 Presentation 11 Adjustments to Income Charitable Contribu
420 Practice Problem 1 Presentation 12 Adjustments to Income IRA Deduction
422 Practice Problem 1 Presentation 13 Adjustments to Income IRA Deduction Tax F
425 Practice Problem 1 Presentation 14 Adjustments to Income Alimony Paid
427 Practice Problem 1 Presentation 15 Adjustments to Income Alimony Paid Tax Fo
430 Practice Problem 1 Presentation 16 Adjustments to Income Educator Expenses
432 Practice Problem 1 Presentation 17 Adjustments to Income Educator Expenses T
13 Topics
502 Itemized Deduction Schedule A Overview
547 Itemized Deduction Schedule A Overview
550 Itemized Deductions Medical & Dental Expenses
552 Itemized Deductions Medical & Dental Expenses
555 Itemized Deductions Taxes You Pay
557 Itemized Deductions Taxes You Pay
560 Itemized Deductions Interest You Paid
562 Itemized Deductions Interest You Paid
565 Itemized Deductions Gifts to Charity
Year-end reminder Expanded tax benefits help individuals and businesses give to
567 Tax Software Example Itemized Deductions Gifts to Charity
575 Itemized Deductions Casualty & Theft Losses
582 Other Itemized Deductions
10 Topics
510 Practice Problem 1 Presentation 18 Itemized Deductions Medical & Dental Expe
515 Practice Problem 1 Presentation 19 Itemized Deductions Medical & Dental Expe
520 Practice Problem 1 Presentation 20 Itemized Deductions Taxes You Pay
522 Practice Problem 1 Presentation 21 Itemized Deductions Taxes You Pay Tax For
525 Practice Problem 1 Presentation 22 Itemized Deductions Interest you Pay
527 Practice Problem 1 Presentation 23 Itemized Deductions Interest you Pay Tax
530 Practice Problem 1 Presentation 24 Gifts to Charity
532 Practice Problem 1 Presentation 25 Gifts to Charity Tax Formula - Excel
535 Practice Problem 1 Presentation 26 Other Itemized Deductions – Gamboling Los
537 Practice Problem 1 Presentation 27 Other Itemized Deductions – Gamboling Los
31 Topics
605 Self Employed Schedule C Introduction
607 Self Employed Schedule C Introduction
610 Sch. C Are You Self Employed
615 Sch. C Identification Numbers
617 Sch. C Estimated Payment
619 Sch. C Self-Employment (SE) Tax
620 Self-Employment (SE) Tax
621 Sch. C Accounting Methods
624 Sch. C Inventories
625 Tax Software Example Sch. C Inventories
627 Sch. C Business Income
630 Sch. C Cost of Goods Sold
632 Business Expenses Introduction
634 Sch. C Bad Debt Expense
637 Sch C Car & Truck Expenses
640 Software Example Car & Truck Expenses
643 Sch. C Depreciation
645 Sch. C Depreciation
650 Sch. C Employees’ Pay Expenses
652 Software Example Sch. C Employees’ Pay Expenses
653 Sch. C Insurance Expense
654 Software Example Sch. C Insurance Expense
655 Sch. C Interest Expenses
660 Sch. C Legal & Professional Expenses
665 Sch. C SEP SIMPLE & Qualified Plans
670 Sch. C Taxes Expenses
673 Sch. C Taxes Expenses
675 Sch. C Travel & Meals
680 Sch. C Other Expense you can Deduct
685 Sch. C Business Use of Your Home
686 Sch. C Business Use of Your Home
9 Topics
610 Practice Problem 1 #28 Sch. C Business Setup Business Worksheet
615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustment
620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open It
621 Practice Problem 1 #31 Sch C Business Format Worksheet for Tax Adjustments
630 Practice Problem 1 #32 Sch C Business Auto Expense
635 Practice Problem 1 #33 Sch C Business Business Use of Home Office
645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insu
650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Incom
655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments
17 Topics
905 Child & Dependent Care Tax Credits
907 Child & Dependent Care Tax Credits Questionnaire
910 Child & Other Dependent Tax Credits
915 Earned Income Tax Credit
917 Earned Income Tax Credit Questionnaire
925 Education Credits
928 Tax Software Example Education Credits
935 Savor’s Credit - Retirement Savings Contributions Credit
937 Software Example - Savor’s Credit - Retirement Savings Contributions Credit
940 Recovery Rebate Credit
945 Dependent Care Credit
947 Claim the Child and Dependent Care Credit Questionnaire
949 Software Example Child and Dependent Care Credit
955 Residential Energy Property Credit
958 Tax Software Example Residential Energy Property Credit
965 Premium Tax Credit (PTC)
967 Tax Software Example Premium Tax Credit (PTC)
8 Topics
710 Practice Problem 1 #38 Child Tax Credit & Other Dependents Tax Credit
712 Practice Problem 1 #39 Child Tax Credit & Other Dependents Tax Credit Tax Fo
715 Practice Problem 1 #40 Education Credit
717 Practice Problem 1 #41 Education Credit Tax Formula - Excel
720 Practice Problem 1 #42 Child & Dependent Care Credit
722 Practice Problem 1 #43 Child & Dependent Care Credit Tax Formula - Excel
725 Practice Problem 1 #44 Residential Entergy Credit
727 Practice Problem 1 #45 Residential Energy Credit Tax Formula - Excel
9 Topics
805 Residential Rental Property Introduction
807 Software Example Residential Rental Property Introduction
815 Rental Property Passive Activity Limits
817 Software Example Rental Property Passive Activity Limits
825 Exception for Rental Real Estate With Active Participation
827 Software Example - Exception for Rental Real Estate With Active Participatio
835 Renting Part of Property
837 Software Example Renting Part of Property
845 Personal Use of Dwelling Unit - Including Vacation Home
9 Topics
805 Practice Problem 1 #45 Rental Property Sch E Setup Worksheet
807 Software Example Residential Rental Property Introduction
815 Rental Property Passive Activity Limits
817 Software Example Rental Property Passive Activity Limits
825 Exception for Rental Real Estate With Active Participation
827 Software Example - Exception for Rental Real Estate With Active Participatio
835 Renting Part of Property
837 Software Example Renting Part of Property
845 Personal Use of Dwelling Unit - Including Vacation Home
2 Topics
Overview
Tax Worksheet to Download
8 Topics
.01 Why & How To Learn Tax Law
.03 How to Learn Tax Law
.04 Lacerte Tax Software
.05 Free Tax Tool
.06 Tax Theory
.07 Why Can The Government Tax Me
1.1 Tax Preparation Problem 1.1 Data Entry
1.1 Tax Preparation Problem 1.1 Excel Verification Worksheet
12 Topics
Introduction
.10 Change In Form 1040
.12 Eliminate Personal & Depended Exception
.14 Increase In Standard Deduction
.16 Decrease In Federal Income Tax Brackets
.18 Child Tax Credit Increase
.20 Limit On State & Local Tax Deduction
.22 20% Pass-Through Tax Deduction
.24 New Tax Credit For Other Dependents
.26 Limitation On Home Mortgage Interest Deduction
.28 Elimination of 2% Misc. Deduction & Casualty & Theft Losses
.30 Increase Alternative Minimum Tax (AMT) Exemption
8 Topics
106 Marginal & Average Tax Rates
107 Software Tax Calculations
116 Income Tax Formula
120 Software Income Tax Forms
140 Tax Law & Authority
144 Circular 230 Regulations Governing Practice Before IRS
1.2 Tax Preparation Problem 1.2 Data Entry
1.2 Tax Preparation Problem 1.2 Excel Verification Worksheet
9 Topics
205 Filing Status Federal Income Tax
207 Tax Software Example Filing Status
210 Dependents Overview
211 Dependents Thought Process
214 Tax Software Dependents
217 Standard Deduction
220 Tax Software Standard Deduction
1.3 Tax Preparation Problem 1.3 Data Entry
1.3 Tax Preparation Problem 1.3 Excel Verification Worksheet
16 Topics
302 Income
304 Income Reporting Forms
306 Income Recognition Concepts
308 W-2 Income
309 Tax Software W-2 Income
310 Interest Income
314 Tax Software Interest Income
316 Dividend Income
318 Tax Software Dividend Income
320 Income Social Security Benefits
324 Tax Software Social Security Benefits
326 Tax Income Other Kinds Of Income
328 Tax Software Other Kinds Of Income
330 Tax Income Refund From The State & Local Governments
332 Tax Software Refund From The State & Local Governments
340 Excluded From Gross Income Fringe Benefits
2 Topics
1.4 Tax Preparation Problem 1.4 Data Entry
1.4 Tax Preparation Problem 1.4 Excel Verification Worksheet
16 Topics
Resources To Download
405 Adjustments For Adjusted Gross Income Introduction
408 Adjustments For AGI Student Loan Interest
409 Tax Software Adjustments For AGI Student Loan Interest
411 Health Savings Account
412 Tax Software Health Savings Account
415 Adjustments For AGI Moving Expenses For Armed Forces
416 Tax Software Moving Expenses For Armed Forces
417 Adjustment For AGI Half of Self-Employment Tax
420 Tax Software Adjustment For AGI Half of Self-Employment Tax
423 Adjustment For AGI Self-Employed Health Insurance
426 Tax Software Adjustment For AGI Self-Employed Health Insurance
430 Adjustment For AGI Alimony Paid
433 Tax Software Adjustment For AGI Alimony Paid
436 Adjustment For AGI Educator Expenses
439 Tax Software Adjustment For AGI Educator Expenses
14 Topics
Resources To Download
502 Itemized Deduction Schedule A
503 Tax Software Itemized Deduction Schedule A
505 Itemized Deduction Medical Expenses
506 Tax Software Itemized Deduction Medical Expenses
508 Itemized Deductions State & Local Taxes
510 Tax Software Itemized Deduction State & Local Taxes
512 Itemized Deduction Interest
513 Tax Software Itemized Deduction Interest
515 Itemized Deductions Gifts to Charity
516 Tax Software Itemized Deduction Gifts to Charity
518 Itemized Deductions Casualty & Theft Losses
521 Itemized Deductions Other Itemized Deductions
523 Tax Software Itemized Deduction Other Itemized Deductions
13 Topics
605 Self Employed Schedule C Introduction
607 Tax Software Self Employed Schedule C Introduction
610 Are You Self Employed
615 Identification Numbers
617 How do I Pay Income Tax
619 Self-Employment (SE) Tax
620 Tax Software Self-Employment (SE) Tax
621 Accounting Methods
624 Inventories
627 Business Income
630 Cost of Goods Sold
634 Bad Debt Expense
637 Car and Truck Expenses
31 Topics
205 Earned Income Credit (EIC) What is The Earned Income Credit
207 Earned Income Credit (EIC) To Take The EIC Steps
210 Earned Income Credit (EIC) Can I claim the Earned Income Credit
217 Earned Income Credit (EIC) Do I have To Have A Child
219 Earned Income Credit (EIC) Help From IRS
220 Earned Income Credit (EIC) What is New
223 Earned Income Credit (EIC) Rules for Everyone 7 Rules Overview
226 Earned Income Credit (EIC) Adjusted Gross Income (AGI) Limits
229 Earned Income Credit (EIC) Must Have Valid Social Security Number
232 Earned Income Credit (EIC) Filing Status Cannot be Married Filing Sparely MF
235 Earned Income Credit (EIC) Must Be A US Citizen or Resident Alien All Year
238 Earned Income Credit (EIC) Cannot File Form 2555 Or Form 2555-EZ
241 Earned Income Credit (EIC) Investment Income Must Be 3500 or Less
245 Earned Income Credit (EIC) Must Have Earned Income
248 Earned Income Credit (EIC) Rules If You Have A Qualifying Child
251 Earned Income Credit (EIC) Special Instructions—EIC Worksheets
252 Earned Income Credit (EIC) Your Child Must Meet the Relationship Age Resid
253 Earned Income Credit (EIC) Relationship Test
254 Earned Income Credit (EIC) Schedule EIC
256 Earned Income Credit (EIC) Age Test
258 Earned Income Credit (EIC) Residency Test
259 Earned Income Credit (EIC) Joint Return Test
260 Earned Income Credit (EIC) EIC Eligibility Checklist
266 Earned Income Credit (EIC) Qualifying Child Cannot Be Used by More Than One
287 Earned Income Credit (EIC) 2018 Earned Income Credit (EIC) Table
289 Tax Software Example Earned Income Credit EIC Income Level Tests HOH One Chi
291 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Two Chi
292 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Three C
293 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios E
293 Tax Software Example Earned Income Credit EIC Income Level Tests MFJ
294 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios U
15 Topics
312 Limits on the CTC and ODC
425 Child Tax Credit What’s New
430 Child Tax Credit Amount of Credit
435 Tax Software Child Tax Credit Tax Software Simple Example
437 Software Example Simple Wage Limits
440 Child Tax Credit Improper Claims
445 Child Tax Credit Qualified Child
450 Tax Software Child Tax Credit Qualified Child
455 Child Tax Credit How To Claim
460 Child Tax Credit Additional Child Tax Credit
462 Tax Software Child Tax Credit Additional Child Tax Credit
465 Child Tax Credit Worksheet
480 Child Tax Credit Questioner
485 Child Tax Credit Adopted Child
490 Child Tax Credit Adopted Child
14 Topics
492 Child Tax Credit Qualifying child of more than one person
493 Tax Software Child Tax Credit Married Divorced Even Income
494 Tax Software Child Tax Credit Married Divorced Uneven Income
505 Credit for Other Dependents (ODC)
508 Qualifying Person for Credit for Other Dependents (ODC)
516 Dependents
520 Dependent Taxpayer Test
523 Joint Return Test
524 Citizen or Resident Test
526 Qualifying Relative
529 Not a Qualifying Child Test
532 Member of Household or Relationship Test
536 Gross Income Test
539 Support Test (To Be a Qualifying Relative)
19 Topics
705 Can I Claim The Credit
710 Who is a Qualifying Person
712 Tax Software Who is a Qualifying Person
715 You Must Have Earned Income
717 Tax Software You Must Have Earned Income
720 Flow Chart Can You Claim The Credit
723 Are These Work-Related Expenses
726 Care of Qualifying Person
729 Household Services
732 What’s Your Filing Status
735 Care Provider Identification Test
738 How To Figure the Credit
741 Earned Income Limit
744 Dollar Limit
749 Reduced Dollar Limit
752 Amount of Credit
755 How to Claim the Credit
758 Household Employees
760 Tax Software For 2441 Examples
Tax Preparation and Law 2023, 2022, & 2021
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