Course curriculum

    1. 310 Practice Problem 1 Part 1 Introduction Organizing Documents

    2. 315 Practice Problem 1 Part 2 Data Input Form W-2

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

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

    5. 330 Practice Problem 1 Part 5 Data Input Form 1099-DIV & Form 1099-INT Tax Formula - Excel

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

    7. 340 Practice Problem 1 Part 6 Data Input Form 1099-B Proceeds From Broker & Exchange Transactions Fo

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

    9. 350 Practice Problem 1 Part 8 Data Input State Refund, Unemployment, & Winnings Formula – Excel Work

    1. 410 Practice Problem 1 Presentation 8 Adjustments to Income Student Loan Interest

    2. 412 Practice Problem 1 Presentation 9 Adjustments to Income Student Loan Interest Tax Equation - Exc

    3. 415 Practice Problem 1 Presentation 10 Adjustments to Income Charitable Contributions if you Take th

    4. 417 Practice Problem 1 Presentation 11 Adjustments to Income Charitable Contributions if you Take th

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

    6. 422 Practice Problem 1 Presentation 13 Adjustments to Income IRA Deduction Tax Formula - Excel

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

    8. 427 Practice Problem 1 Presentation 15 Adjustments to Income Alimony Paid Tax Formula - Excel

    9. 430 Practice Problem 1 Presentation 16 Adjustments to Income Educator Expenses

    10. 432 Practice Problem 1 Presentation 17 Adjustments to Income Educator Expenses Tax Formula - Excel

    1. 510 Practice Problem 1 Presentation 18 Itemized Deductions Medical & Dental Expenses

    2. 515 Practice Problem 1 Presentation 19 Itemized Deductions Medical & Dental Expenses Tax Formula - E

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

    4. 522 Practice Problem 1 Presentation 21 Itemized Deductions Taxes You Pay Tax Formula - Excel

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

    6. 527 Practice Problem 1 Presentation 23 Itemized Deductions Interest you Pay Tax Formula - Excel

    7. 530 Practice Problem 1 Presentation 24 Gifts to Charity

    8. 532 Practice Problem 1 Presentation 25 Gifts to Charity Tax Formula - Excel

    9. 535 Practice Problem 1 Presentation 26 Other Itemized Deductions – Gamboling Losses

    10. 537 Practice Problem 1 Presentation 27 Other Itemized Deductions – Gamboling Losses Tax Formula - Ex

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

    2. 615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustments

    3. 620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open Items

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

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

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

    7. 645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insurance

    8. 655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments

    9. 650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Income

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

    2. 712 Practice Problem 1 #39 Child Tax Credit & Other Dependents Tax Credit Tax Formula - Excel

    3. 715 Practice Problem 1 #40 Education Credit

    4. 717 Practice Problem 1 #41 Education Credit Tax Formula - Excel

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

    6. 722 Practice Problem 1 #43 Child & Dependent Care Credit Tax Formula - Excel

    7. 725 Practice Problem 1 #44 Residential Entergy Credit

    8. 727 Practice Problem 1 #45 Residential Energy Credit Tax Formula - Excel

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

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

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

    4. 820 Practice Problem 1 #48 Rental Property Sch E Data Input Tax Formula - Excel

    5. 825 Practice Problem 1 #49 Diagnostic State & Local Tax (SALT) Deduction Limitation

About this course

  • $15.00
  • 51 lessons
  • 8 hours of video content

Description

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.