Tax Academy - 2023 Simplifying Tax Preparation

Master the essentials of tax preparation with Verified Financials' Tax Academy 2023. Learn income reporting, deductions, credits, and advanced tax strategies to simplify filing and boost your expertise. Perfect for beginners and professionals alike!

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Course curriculum

1. eBook - Verified Financials: Tax Academy: Tax Preparer Handbook
1. IRS Publications, Forms, Schedules & Helpful Documents
1. Introduction
1. Lesson 1: Understanding Income Tax
2. Lesson 2: Gross Income
3. Lesson 3: Taxable Wages
4. Lesson 4: Interest Income
5. Lesson 5: Tax Computation
6. Quiz 1 - Introduction to Income, Wages, and Taxes
1. Lesson 1: Filing Requirements
2. Lesson 2: Standard Deductions
3. Lesson 3: Filing Status
4. Lesson 4: Single, MFJ, MFS, Injured/Innocent Spouse
5. Quiz 2: Filing Requirements and Deductions
1. Lesson 1: Other Income
2. Lesson 2: Scholarships
3. Lesson 3: Disability
4. Lesson 4: Alimony
5. Lesson 5: Unemployment
6. Lesson 6: Gambling
7. Lesson 7: Educator Expenses
8. Lesson 8: Student Loan Interest
9. Lesson 9: Other Adjustments
10. Quiz 3: Additional Income and Adjustments
1. Lesson 1: Qualifying Child
2. Lesson 2: Qualifying Relative
3. Lesson 3: Determining Support
4. Lesson 4: Child Tax Credit
5. Lesson 5: Other Dependent Credit
6. Quiz 4: Qualifying Dependents and Support
1. Lesson 1: Qualifying Child Tiebreaker Rules
2. Lesson 2: Head of Household
3. Lesson 3: Costs of Maintaining a Home
4. Lesson 4: Divorced or Separated Parents
5. Lesson 5: Qualifying Widow/Widower
6. Quiz 5: Dependent-Related Filing Status
1. Lesson 1: Medical and Dental Expenses
2. Lesson 2: Mortgage Interest
3. Lesson 3: Charitable Contributions
4. Lesson 4: Casualty and Theft Losses
5. Lesson 5: Alternative Minimum Tax
6. Lesson 6: Recovery of Prior Years Itemized Deductions
7. Quiz 6: Itemized Deductions
1. Lesson 1: Refundable and Non-Refundable Credits
2. Lesson 2: Earned Income Credit
3. Lesson 3: Additional Child Tax Credit
4. Lesson 4: Due Diligence
5. Quiz 7: EIC and ACTC (Earned Income Credit and Additional Tax Credit)
1. Lesson 1: Child and Dependent Care Credit
2. Lesson 2: Recovery Rebate Credit
3. Lesson 3: Credit for the Elderly and Disabled
4. Lesson 4: State and Federal Marketplaces
5. Lesson 5: Premium Tax Credits
6. Lesson 6: Adoption Credit
7. Lesson 7: Additional Credits
8. Quiz 8: Tax Credits
1. Lesson 1: Education Benefits
2. Lesson 2: Form 1098-T
3. Lesson 3: American Opportunity Tax Credit
4. Lesson 4: Lifetime Learning Credit
5. Lesson 5: Other Education Provisions
6. Quiz 9: Education Provisions
1. Lesson 1: Due Diligence
2. Lesson 2: Conflict of Interests
3. Lesson 3: Confidentiality
4. Lesson 4: Compliance
5. Lesson 5: Tax Preparer Responsibilities
6. Quiz 10: Ethics
1. Lesson 1: Introduction to Retirement Planning
2. Lesson 2: Retirement Account Distributions and Taxation
3. Lesson 3: Self-Employed Retirement Plans
4. Lesson 4: Social Security and Railroad Retirement
5. Lesson 5: Retirement Savings Contributions Credit
6. Quiz 11: Retirement
1. Lesson 1: Introduction to Capital Assets and Property Types
2. Lesson 2: Dividends and Their Taxation
3. Lesson 3: Understanding Holding Periods and Capital Gains Rates
4. Lesson 4: Capital Loss Carryover
5. Lesson 5: Schedule D
6. Lesson 6: Taxation of the Sale of Your Main Home
7. Lesson 7: Form 1099-B
8. Quiz 12: Capital Assets
1. Lesson 1: Self-Employed Taxpayer
2. Lesson 2: Income and Expenses
3. Lesson 3: Schedule C: Profit or Loss From Business
4. Lesson 4: Schedule F: Profit or Loss from Farming
5. Lesson 5: Self-Employment Taxes
6. Lesson 6: Tax Deductions and Benefits for the Self-Employed
7. Lesson 7: Qualified Business Income Deduction
8. Quiz 13: Self-Employment Income and Taxes
1. Lesson 1: Depreciable Property
2. Lesson 2: Depreciation Systems
3. Lesson 3: Depreciation Basis
4. Lesson 4: Recovery Periods
5. Lesson 5: Depreciation Method
6. Lesson 6: Modified Accelerated Cost Recovery System (MACRS)
7. Lesson 7: Reporting Depreciation Deduction
8. Lesson 8: Alternative Depreciation System (ADS)
9. Lesson 9: Listed Property
10. Lesson 10: Section 179 Deductions
11. Lesson 11: Bonus Depreciation
12. Lesson 12: Vehicle Depreciation Limits
13. Quiz 14: Depreciation
1. Lesson 1: Passive Loss Limitation
2. Lesson 2: Non-Passive Income
3. Lesson 3: Material Participation
4. Lesson 4: Rental Income and Expenses
5. Lesson 5: Schedule E: Supplemental Income and Loss
6. Lesson 6: Rental Real Estate Special Allowance
7. Lesson 7: Form 8582: Passive Activity Loss Limitations
8. Lesson 8: Royalties
9. Lesson 9: Real Estate Professional
10. Lesson 10: QBI Deduction
11. Quiz 15: Passive Income
1. Lesson 1: Filing and Underpayment Penalties
2. Lesson 2: Interest Charges in Taxation
3. Lesson 3: Filing Tax Extensions
4. Lesson 4: Amending Tax Returns
5. Lesson 5: Form 1040 X
6. Lesson 6: Pay-As-You-Go Taxation
7. Lesson 7: Form W-4
8. Quiz 16: Penalties, Amendments, and Tax Planning
1. Lesson 1: Domicile and Residency in State Taxation
2. Lesson 2: State Filing Requirements and Taxable Income Calculation
3. Lesson 3: Federal-State Tax Conformity
4. Lesson 4: Common State Tax Benefits
5. Lesson 5: Taxation of Non-Resident Income
6. Lesson 6: Federal Law Preemption on State Taxation
7. Lesson 7: The State Taxable Income Calculation
8. Lesson 8: Tax Considerations For Community Property States
9. Quiz 17: State Fundamentals
1. Final Exam
1. Conclusion

About this course

$74.99
133 lessons

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eBook

IRS Publications, Forms, Schedules & Helpful Documents

Introduction

Income, Wages, and Taxes

Filing Requirements and Deductions

Additional Income and Adjustments

Qualifying Dependents and Support

Dependent Related Filing Status

Itemized Deductions

EIC and ACTC (Earned Income Credit and Additional Tax Credit)

Tax Credits

Education Provisions

Ethics

Retirement

Capital Assets

Self-Employment Income and Taxes

Depreciation

Passive Income

Penalties, Amendments, and Tax Planning

State Fundamentals

Final Exam

Conclusion

About this course