Tax Accounting Made Easy to Understand
Finally, an easy to understand tax accounting course. Taxes explained step by step.
Description
Learn everything about Tax Accounting in 2 hours.
What are my students saying:
"
Much
better than my $4,000 graduate course
. Very interesting videos with a lot of information. I particularly like the videos for applying what I learned. Those questions are very good for
understanding better
."
"Thank you for an
amazing course
. I was so interested in tax accounting (strange, right?) I just kept pushing play.
Great videos, very informative and engaging
. I was
not bored
for even a minute.
Most importantly, I learned a lot.
"
"The course is
really informative.
I like that the lectures are made with very
interesting drawings and great visuals
, instead of someone reading a power point. Good course."
"This course is
very engaging
, and surprisingly for a tax accounting,
not boring at all
. I wish I had courses like this during my college days.
High quality videos, great exercises
and application.
This is a 10 stars course!
"
"
Wow!
I cannot even begin to compare this course to the tax course I am taking at my university. Everything is
very well explained
, and not one information is omitted. I am so glad I found this course.
Much, much easier to understand
."
More about this course:
I believe that you should not fall asleep when learning something new.
You need to be encouraged and excited
instead. In order to be excited about learning, you need to
understand easily
. I have implemented a new way of teaching.
Animated videos which are easy to understand
.
Learning has never been so exciting
.
In this course you will find everything explained with a video lecture. The type of lectures are animated (cartoon) videos that
break down the most difficult concepts
used in tax accounting.
Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that
you will retain the information you will receive
.
Whether you are a business owner, manager, or a student,
you need this course
. This course will provide you with great tools and information about tax accounting, tax law and its application.
Who this course is for:
Individuals
Small business owners
Sole Proprietors
CPA Candidates
Enrolled Agent Candidates
Accountants
Bookkeepers
Students
What you'll learn
Describe and apply the tax law
Distinguish between Tax Avoidance and Tax Evasion
Identify the social, poltical, and economic factors influencing the tax law
Contrast Primary and Secondary Sources
Research the tax law and apply the appropriate procedures
Know the statutes of limitations and penalties imposed
Interpret the tax formula and its components
Determine personal and dependency exemptions
Determine the filing status of a taxpayer
Identify a qualifying child and a qualifying relative
Interpret multiple support agreements
Understand the special rules for dependents
Identify what is included in gross income
Differentiate between legal income and accounting and economic income
Apply the constructive receipt doctrine
Apply the assignment of income doctrine
Apply the economic benefit doctrine
Identify the items specifically excluded from gross income
Contrast between deduction and exclusions
Treatment of fringe benefits
Deductions FOR and FROM AGI
Apply trade or business deductions
Deductions for losses
Understand the rules for limitations of deductions
Identify the disallowed deductions
At Risk rules and passive activity losses
Material VS. Active Participation
Casualty and Theft Losses
Rules for Net Operating Losses
Know the rules for Hobby Losses, Home Office Expenses, Vacation Home Expenses
Apply the rules for itemized deductions and the appropriate treatment
Treatment of charitable contributions
Various credits available
Determine realized and recognized gains and losses
Determine adjusted basis of property
Determine adjusted basis of property (Gift and Inheritance)
Differentiate between ordinary, capital , and 1231 assets
Determine the holding period
Rules for determining taxable income (Capital Gains and Losses)
Rules for Section 1231 Assets (Section 1245 and Section 1250)
Depreciation Recapture
Tax Accounting (Methods, Rules, Accounting Periods)
Requirements
- You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
- No previous design experience is needed.
- No previous Adobe XD skills are needed.
Course Content
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