Tax Preparation and Law 2018 2019

Tax Preparation and Law 2018 2019 - Income Tax

Income tax preparation for tax year 2018 2019-Form 1040, supporting schedules, practice problems & tax materials

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Course curriculum

1. 2 Tax Law Changes 2018
  FREE PREVIEW
2. .10 Change In Form 1040
3. .12 Eliminate Personal & Depended Exception
4. PDF - .14 Increase in Standard Deduction
5. .14 Increase In Standard Deduction
6. PDF - .16 Decrease In Tax Brackets
7. .16 Decrease In Federal Income Tax Brackets
8. PDF - .18 Child Tax Credit
9. .18 Child Tax Credit Increase
10. PDF - .20 Limit On State & Local Tax Deduction
11. .20 Limit On State & Local Tax Deduction
12. PDF - .22 20% Pass-Through Tax Deduction
13. .22 20% Pass-Through Tax Deduction
14. .24 New Tax Credit For Other Dependents
15. PDF - .26 Limitation On Home Interest Deduction
16. .26 Limitation On Home Mortgage Interest Deduction
17. .28 Elimination of 2% Misc. Deduction & Casualty & Theft Losses
18. PDF - .30 Increase Alternative Minimum Tax Exemption
19. .30 Increase Alternative Minimum Tax (AMT) Exemption
20. Accounting Comic Break
1. 205 Filing Status Federal Income Tax
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2. PDF - 205 Filing Status
3. PDF - 207 Tax Software Filing Status
4. 207 Tax Software Example Filing Status
5. PDF - 210 Dependents
6. 210 Dependents Federal Income Tax
7. PDF - 214 Tax Software Dependents
8. 214 Tax Software Dependents
9. PDF - 217 Standard Deduction
10. 217 Standard Deduction
11. PDF - 224 Penalties
12. 224 Penalties Federal Income Tax
13. Accounting Comic Break
1. 4 Gross Income
  FREE PREVIEW
2. PDF - 305 Gross Income Cash Method
3. 305 Gross Income Cash Method
4. PDF - 310 Interest Income
5. 310 Gross Income Interest Income
6. PDF - 314 Tax Software Interest Income
7. 314 Tax Software Interest Income
8. PDF - 316 Dividend Income
9. 316 Tax Income Dividend Income
10. PDF - 318 Tax Software Dividends
11. 318 Tax Income - Dividend Income
12. PDF - 320 Social Security Benefits
13. 320 Tax Income Social Security Benefits
14. PDF - 326 Other Kinds of Income
15. 4 Gross Income
16. 326 Tax Income Other Kinds Of Income
17. 328 Tax Software Other Kinds Of Income
18. PDF - 330 Refund From The State & Local Governments
19. 330 Tax Income Refund From The State & Local Governments
20. PDF - 340 Excluded From Gross Income Fringe Benefits
21. 330 Tax Software Refund From The State & Local Governments
22. 340 Excluded From Gross Income Fringe Benefits
23. Accounting Comic Break
1. 5 Adjustments For AGI – Above The Line Deductions
2. PDF - 405 Adjustments For Adjusted Gross Income Introduction
3. 405 Adjustments For Adjusted Gross Income Introduction
4. PDF - 408 Adjustments For AGI Student Loan Interest
5. 408 Adjustments For AGI Student Loan Interest
6. 409 Tax Software Adjustments For AGI Student Loan Interest
7. PDF - 417 Adjustments For AGI Half of Self-Employment Tax
8. 417 Adjustment For AGI Half of Self-Employment Tax
9. 420 Tax Software Adjustment For AGI Half of Self-Employment Tax
10. PDF - 423 Self-Employed Health Insurance
11. 423 Adjustment For AGI Self-Employed Health Insurance
12. 426 Tax Software Adjustment For AGI Self-Employed Health Insurance
13. PDF - 430 Adj For AGI Alimony
14. 430 Adjustment For AGI Alimony Paid
15. 433 Tax Software Adjustment For AGI Alimony Paid
16. PDF - 436 Adj For AGI Educator Expenses
17. 436 Adjustment For AGI Educator Expenses
18. 439 Tax Software Adjustment For AGI Educator Expenses
19. Accounting Comic Break
1. 6 Itemized Deductions
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2. PDF - 505 Itemized Deduction - Medical Expenses
3. 505 Itemized Deduction Medical Expenses
4. PDF - 508 Itemized Deduction - State & Local Taxes
5. 508 Itemized Deductions State & Local Taxes
6. PDF - 512 Itemized Deduction - Interest
7. 512 Itemized Deduction Interest Payments
8. 515 Itemized Deductions Gifts to Charity
9. PDF - 518 Itemized Deduction - Casualty & Theft Losses
10. 518 Itemized Deductions Casualty & Theft Losses
11. PDF - 521 Itemized Deduction - Other Itemized Deductions
12. 521 Itemized Deductions Other Itemized Deductions
13. Accounting Comic Break
1. 7 Self Employed Business Income Schedule C
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2. PDF - 605 Self Employed Income
3. 605 Self Employed Schedule C Income
4. 607 Self Employed Schedule C Income
5. PDF - 610 Self Employed Income Ordinary & Necessary Expense
6. 610 Ordinary & Necessary Trade or Business Expense
7. PDF - 615 Depreciation Expense
8. 615 Self-Employed Business Schedule C Depreciation
9. 616 Self-Employed Business Schedule C Depreciation
10. PDF - 618 Section 179 & Bonus Deduction Deduction
11. 618 Self-Employed Business Section 179 & Bonus Depreciation Deduction
12. PDF - 620 Luxury Automobile Limitations
13. 620 Luxury Automobile Limitations
14. 622 Tax Software Luxury Automobile Limitations
15. PDF - 625 Transportation & Travel
16. 625 Travel & Transportation
17. PDF - 628 Automobile Expenses
18. 628 Automobile Expenses
19. 629 Tax Software Automobile Expenses
20. PDF - 631 Business Use of Home
21. 631 Business Use Of Home
22. 633 Tax Software Business Use Of Home
23. PDF - 635 Education Expenses
24. 635 Education Expenses Deduction For Small Business
25. PDF - 638 Self Employment Tax
26. 638 Self Employment Tax
27. Accounting Comic Break
1. 8 Capital Gains & Other Sales of Property - Schedule D
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2. PDF - 705 Basis or Cost
3. 705 Property Sale Basis Or Cost
4. PDF - 708 Nature of Gains & Losses
5. 708 Nature of Gains & Losses & Tax Forms
6. PDF - 712 Capital Gains Rates
7. 712 Capital Gains Rates
8. PDF - 715 Section 1231 Gains and Losses
9. 715 Section 1231, 1245, & 1250 Gains & Losses
10. Accounting Comic Break
1. 9 Rental Property - Schedule E
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2. PDF - 800 Rental Property Overview
3. 800 Rental Property Overview
4. PDF - 805 Rental Property & Vacation Home
5. 805 Rental Property & Vacation Home
6. PDF - 808 Royalty Income
7. 808 Royalty Income
8. PDF - 812 Flow-Through Entities
9. 812 Flow Through Entities
10. Accounting Comic Break
1. 10 Credits
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2. PDF - 900 Child & Dependent Care Credit
3. 900 Child & Dependent Care Credit
4. PDF - 905 Credit For Elderly or Disabled
5. 905 Credit For Elderly or Disabled
6. PDF - 908 Education Credits
7. 908 Education Credits
8. Accounting Comic Break
1. 11 Comprehensive Problem - Single - Lower Income
  FREE PREVIEW
2. Documents - Dependents
3. 1 Comp. Problem Individual Low Income W-2
4. 2 Comp. Problem Individual Low Income Dependents Tax Software
5. 2.5 Comp. Problem Individual Low Income Dependents
6. 2.5 Comp. Problem Individual Low Income W-2 Excel
7. Documents - Interest & Income
8. 3 Comp. Problem Individual Low Income Interest Income Tax Software
9. Documents - Dividend Income
10. 4.5 Comp. Problem Individual Low Income Dividend Income
11. Documents - State Tax Refund & Gaming Income
12. 5 Comp. Problem Individual Low Income State Tax Refund & Gambling Income Software
13. 5.2 Comp. Problem Individual Low Income State Tax Refund & Gambling Income Excel
14. 5.5 Comp. Problem Individual Low Income State Tax Refund & Gambling Income
15. Documents - Student Loan Interest & Educator Expenses
16. 6 Comp. Problem Individual Low Income Student Loan Interest & Educator Expenses
17. 6.5 Comp. Problem Individual Low Income Student Loan Interest & Educator Expenses
18. Documents - Business Income
19. 7 Comp. Problem Individual Low Income Business Income Tax Software
20. 7.5 Comp. Problem Individual Low Income Business Income Excel
21. Documents - 9 Depreciation
22. 9 Comp. Problem Individual Low Income Equipment Depreciation Tax Software
23. 9.5 Comp. Problem Individual Low Income Equipment Depreciation Excel
24. Documents - 10 Auto Expense
25. 10 Comp. Problem Individual Low Income Auto Deduction Mileage Method Tax Software
26. 10.5 Comp. Problem Individual Low Income Auto Deduction Mileage Method Excel
27. Documents - 11 Business Use of Home
28. 11 Comp. Problem Individual Low Income Business Use of Home Tax Software
29. 11.5 Comp. Problem Individual Low Income Business Use of Home Excel
30. Documents - 12 Self Employed Health Insurance
31. 12 Comp. Problem Individual Low Income Self Employment Insurance Deduction Tax Software
32. 12.5 Comp. Problem Individual Low Income Self Employment Insurance Deduction Excel
33. Documents - 13 Capital Gains
34. 13 Comp. Problem Individual Low Income Capital Gains & Losses Tax Software
35. 13.5 Comp. Problem Individual Low Income Capital Gains & Losses Excel
36. Accounting Comic Break
1. 1 Comp. Problem Individual High Income W-2 Tax Software
  FREE PREVIEW
2. 1.5 Comp. Problem Individual High Income W-2 Excel
3. 2 Comp. Problem Individual High Income Dependents Tax Software
4. 2.5 Comp. Problem Individual High Income Dependents Excel
5. 3 Comp. Problem Individual High Income Interest Income Tax Software
6. 3.5 Comp. Problem Individual High Income Interest Income Excel
7. 4 Comp. Problem Individual High Income Dividend Income Tax Software
8. 4.5 Comp. Problem Individual High Income Dividend Income Excel
9. 5 Comp. Problem Individual High Income State Tax Refund & Gambling Income Tax Software
10. 5.5 Comp. Problem Individual High Income State Tax Refund & Gambling Income Excel
11. 6 Comp. Problem Individual High Income Student Loan Interest & Educator Expenses Tax Software
12. 6.5 Comp. Problem Individual High Income Student Loan Interest & Educator Expenses Excel
13. Accounting Comic Break

About this course

$49.99
214 lessons
12.5 hours of video content

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Description

Income tax preparation and understanding for the year 2018 2019 including presentations, downloadable PDF files, practice problems, & and comprehensive problems with step by step instructions, answer keys, and materials.

The course will introduce the concept of income tax, tax law, and how it is formatted. We will provide practical examples at every step along the way, giving learners visuals of how the system works, and practice problems to apply the concepts.

We will discuss a large number of recent changes to income tax law needed for the filing year end 2019. Both laws and the format of tax forms have changed a lot from prior years. We will provide a visual of those changes so learners can fully understand them.

The course will walk through the steps of filling out a tax form. The tax form can be thought of as a kind of income statement or a tax formula. We will break down the formula into its components so that we can digest each small peace at a time.

We will discuss the concept of filing status and dependents and how they affect the tax formula.

The course will discuss what is included and not included in gross income for taxes. Items included in the gross income calculation may be subject to taxation. Items not included in gross income for taxes will not be subject to tax.

W will discuss adjustments for adjusted gross income, often called above the line deductions. The course will cover the primary above the line deductions and provide practical examples of calculations.

The course will discuss itemized deduction reported on schedule A. We will discuss the primary itemized deductions and provide practical examples of each.

We will discuss the reporting of self-employment taxes using Schedule C and the related issues including self-employment tax (social security and Medicare) and the new 20% deduction many small businesses will be eligible for.

The course will discuss the calculation of capital gains using Schedule D. We will provide practical examples of the calculation of capital gains.

We will discuss the reporting of rental property using Schedule E and provide examples of reporting rental property.

The course will discuss various credits including child tax credit, earned income credit, and education credits and provide examples of each.

The course will have comprehensive problems allowing learners to work through the process of filling out a full tax return in a step by step process. Learners can use PDF tax forms provided in the course and available at the IRS website. We also work the problem using the accounting equation and provide learners pre-formatted Excel worksheet to follow along with this process.

Who this course is for:

Anybody who wants to learn tax law
Anybody who wants to understand how to fill out taxes
Tax and accounting students who want better explanation and practical examples of tax concepts using software, forms, and worksheets instead of just words

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.

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