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TAX ACCOUNTING: DIFFICULT TOPIC, MADE EASY TO UNDERSTAND

TAX ACCOUNTING: DIFFICULT TOPIC, MADE EASY TO UNDERSTAND

Finally, an easy to understand tax accounting course. Taxes explained step by step.

Created by Stefan Ignatovski
Last updated 7/2017
English
What Will I 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
  • Basic Accounting Rules (Accounting 101)
  • Positive attitude
  • Get ready to take notes
Description

~~~Over 2,200 students enrolled in my courses.~~~ (Updated as of February 2017)

~~~See why and how my videos helped over 110,000 students—

~~~Learn everything about Tax Accounting in less than 2 hours.~~~

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 understandLearning 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 is the target audience?
  • Individuals
  • Small business owners
  • Sole Proprietors
  • CPA Candidates
  • Enrolled Agent Candidates
  • Accountants
  • Bookkeepers
  • Students

Size: 1.03G

TAX ACCOUNTING: DIFFICULT TOPIC, MADE EASY TO UNDERSTAND

https://www.udemy.com/taxaccounting/.

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