Master income reporting, deductions, and credits to streamline your tax preparation process.

Learn advanced tax strategies and state fundamentals to enhance your tax knowledge and skills.

Ideal for beginners and professionals looking to excel in tax preparation.

Unlock the Secrets of Tax Preparation

Join Verified Financials' Tax Academy 2024 and gain a deep understanding of income reporting, deductions, credits, and advanced tax strategies. Simplify your filing, boost your expertise, and take your tax knowledge to the next level!

Course Curriculum

21 Chapters · 188 Lessons

  1. 1

    eBook - Simplifying Tax Preparation 2024

    1. (Included in full purchase)

      eBook - Simplifying Tax Preparation 2024

  2. 2

    Introduction

    1. (Included in full purchase)

      Introduction To Tax Preparation Tax Year 2024

  3. 3

    Module 1: Introduction to Income, Wages, and Taxes

    1. (Included in full purchase)

      Lesson 1: Understanding Income Tax

    2. (Included in full purchase)

      Lesson 1: Understanding Income Tax Pt.2

    3. (Included in full purchase)

      Lesson 2: Gross Income

    4. (Included in full purchase)

      Lesson 3: Taxable Wages

    5. (Included in full purchase)

      Lesson 4: Interest Income

    6. (Included in full purchase)

      Lesson 5: Tax Computation

    7. (Included in full purchase)

      Quiz - Introduction to Income, Wages, and Taxes

  4. 4

    Module 2: Filing Requirements and Deductions

    1. (Included in full purchase)

      Lesson 1: Filing Requirements

    2. (Included in full purchase)

      Lesson 1: Filing Requirements Pt. 2

    3. (Included in full purchase)

      Lesson 1: Filing Requirements Pt. 3

    4. (Included in full purchase)

      Lesson 2: Standard Deductions

    5. (Included in full purchase)

      Lesson 2: Standard Deductions Pt. 2

    6. (Included in full purchase)

      Lesson 3: Filing Status

    7. (Included in full purchase)

      Lesson 4: Single, MFJ, MFS, Injured/Innocent Spouse

    8. (Included in full purchase)

      Quiz: Filing Requirements and Deductions

  5. 5

    Module 3: Additional Income and Adjustments

    1. (Included in full purchase)

      Lesson 1: Other Income

    2. (Included in full purchase)

      Lesson 1: Other Income Pt. 2

    3. (Included in full purchase)

      Lesson 2: Scholarships

    4. (Included in full purchase)

      Lesson 3: Disability

    5. (Included in full purchase)

      Lesson 4: Alimony

    6. (Included in full purchase)

      Lesson 5: Unemployment

    7. (Included in full purchase)

      Lesson 6: Gambling

    8. (Included in full purchase)

      Lesson 7: Educator Expenses

    9. (Included in full purchase)

      Lesson 8: Student Loan Interest

    10. (Included in full purchase)

      Lesson 9: Other Adjustments

    11. (Included in full purchase)

      Lesson 9: Other Adjustments Pt. 2

    12. (Included in full purchase)

      Lesson 9: Other Adjustments Pt. 3

    13. (Included in full purchase)

      Lesson 9: Other Adjustments Pt. 4

    14. (Included in full purchase)

      Quiz: Additional Income and Adjustments

  6. 6

    Module 4: Qualifying Dependents and Support

    1. (Included in full purchase)

      Lesson 1: Qualifying Child

    2. (Included in full purchase)

      Lesson 2: Qualifying Relative

    3. (Included in full purchase)

      Lesson 2: Qualifying Relative Pt. 2

    4. (Included in full purchase)

      Lesson 3: Determining Support

    5. (Included in full purchase)

      Lesson 4: Child Tax Credit

    6. (Included in full purchase)

      Lesson 5: Other Dependent Credit

    7. (Included in full purchase)

      Quiz: Qualifying Dependents and Support

  7. 7

    Module 5: Dependent-Related Filing Status

    1. (Included in full purchase)

      Lesson 1: Qualifying Child Tiebreaker Rules

    2. (Included in full purchase)

      Lesson 2: Head of Household

    3. (Included in full purchase)

      Lesson 3: Costs of Maintaining a Home

    4. (Included in full purchase)

      Lesson 4: Divorced or Separated Parents

    5. (Included in full purchase)

      Lesson 5: Qualifying Widow/Widower

    6. (Included in full purchase)

      Quiz: Dependent-Related Filing Status

  8. 8

    Module 6: Itemized Deductions

    1. (Included in full purchase)

      Lesson 1: Medical and Dental Expenses

    2. (Included in full purchase)

      Lesson 2: Mortgage Interest

    3. (Included in full purchase)

      Lesson 3: Charitable Contributions

    4. (Included in full purchase)

      Lesson 4: Casualty and Theft Losses

    5. (Included in full purchase)

      Lesson 5: Alternative Minimum Tax

    6. (Included in full purchase)

      Lesson 6: Recovery of Prior Years Itemized Deductions

    7. (Included in full purchase)

      Quiz: Itemized Deductions

  9. 9

    Module 7: EIC and ACTC (Earned Income Credit and Additional Tax Credit)

    1. (Included in full purchase)

      Lesson 1: Refundable and Non-Refundable Credits

    2. (Included in full purchase)

      Lesson 2: Earned Income Credit

    3. (Included in full purchase)

      Lesson 3: Additional Child Tax Credit

    4. (Included in full purchase)

      Lesson 4: Due Diligence

    5. (Included in full purchase)

      Copy of Quiz 7: EIC and ACTC (Earned Income Credit and Additional Tax Credit)

  10. 10

    Module 8: Tax Credits

    1. (Included in full purchase)

      Lesson 1: Child and Dependent Care Credit

    2. (Included in full purchase)

      Lesson 2: Recovery Rebate Credit

    3. (Included in full purchase)

      Lesson 3: Credit for the Elderly and Disabled

    4. (Included in full purchase)

      Lesson 4: State and Federal Marketplaces

    5. (Included in full purchase)

      Lesson 5: Premium Tax Credits

    6. (Included in full purchase)

      Lesson 6: Adoption Credit

    7. (Included in full purchase)

      Lesson 6: Adoption Credit Pt. 2

    8. (Included in full purchase)

      Lesson 7: Additional Credits

    9. (Included in full purchase)

      Quiz: Tax Credits

  11. 11

    Module 9: Education Provisions

    1. (Included in full purchase)

      Lesson 1: Education Benefits

    2. (Included in full purchase)

      Lesson 2: Form 1098-T

    3. (Included in full purchase)

      Lesson 3: American Opportunity Tax Credit

    4. (Included in full purchase)

      Lesson 4: Lifetime Learning Credit

    5. (Included in full purchase)

      Lesson 5: Other Education Provisions

    6. (Included in full purchase)

      Quiz: Education Provisions

  12. 12

    Module 10: Ethics

    1. (Included in full purchase)

      Lesson 1: Due Diligence

    2. (Included in full purchase)

      Lesson 2: Conflict of Interests

    3. (Included in full purchase)

      Lesson 3: Confidentiality

    4. (Included in full purchase)

      Lesson 4: Compliance

    5. (Included in full purchase)

      Lesson 5: Tax Preparer Responsibilities

    6. (Included in full purchase)

      Quiz: Ethics

  13. 13

    Module 11: Retirement

    1. (Included in full purchase)

      Lesson 1: Introduction to Retirement Planning

    2. (Included in full purchase)

      Lesson 1: Introduction to Retirement Planning Pt. 2

    3. (Included in full purchase)

      Lesson 1: Introduction to Retirement Planning Pt. 3

    4. (Included in full purchase)

      Lesson 1: Introduction to Retirement Planning Pt. 4

    5. (Included in full purchase)

      Lesson 2: Retirement Account Distributions and Taxation

    6. (Included in full purchase)

      Lesson 3: Self-Employed Retirement Plans

    7. (Included in full purchase)

      Lesson 3: Self-Employed Retirement Plans Pt. 2

    8. (Included in full purchase)

      Lesson 4: Social Security and Railroad Retirement

    9. (Included in full purchase)

      Lesson 4: Social Security and Railroad Retirement Pt. 2

    10. (Included in full purchase)

      Lesson 5: Retirement Savings Contributions Credit

    11. (Included in full purchase)

      Lesson 5: Retirement Savings Contributions Credit Pt. 2

    12. (Included in full purchase)

      Lesson 5: Retirement Savings Contributions Credit Pt. 3

    13. (Included in full purchase)

      Lesson 5: Retirement Savings Contributions Credit Pt. 4

    14. (Included in full purchase)

      Quiz: Retirement

  14. 14

    Module 12: Capital Assets

    1. (Included in full purchase)

      Lesson 1: Introduction to Capital Assets and Property Types

    2. (Included in full purchase)

      Lesson 2: Dividends and Their Taxation

    3. (Included in full purchase)

      Lesson 2: Dividends and Their Taxation Pt. 2

    4. (Included in full purchase)

      Lesson 2: Dividends and Their Taxation Pt. 3

    5. (Included in full purchase)

      Lesson 3: Understanding Holding Periods and Capital Gains Rates

    6. (Included in full purchase)

      Lesson 3: Understanding Holding Periods and Capital Gains Rates Pt. 2

    7. (Included in full purchase)

      Lesson 3: Understanding Holding Periods and Capital Gains Rates Pt. 3

    8. (Included in full purchase)

      Lesson 3: Understanding Holding Periods and Capital Gains Rates Pt. 4

    9. (Included in full purchase)

      Lesson 4: Capital Loss Carryover

    10. (Included in full purchase)

      Lesson 4: Capital Loss Carryover Pt. 2

    11. (Included in full purchase)

      Lesson 5: Schedule D

    12. (Included in full purchase)

      Lesson 5: Schedule D Pt. 2

    13. (Included in full purchase)

      Lesson 6: Taxation of the Sale of Your Main Home

    14. (Included in full purchase)

      Lesson 7: Form 1099-B

    15. (Included in full purchase)

      Lesson 7: Form 1099-B Pt. 2

    16. (Included in full purchase)

      Quiz: Capital Assets

  15. 15

    Module 13: Self-Employment Income and Taxes

    1. (Included in full purchase)

      Lesson 1: Self-Employed Taxpayer

    2. (Included in full purchase)

      Lesson 2: Income and Expenses

    3. (Included in full purchase)

      Lesson 2: Income and Expenses Pt. 2

    4. (Included in full purchase)

      Lesson 3: Schedule C: Profit or Loss From Business

    5. (Included in full purchase)

      Lesson 3: Schedule C: Profit or Loss From Business Pt. 2

    6. (Included in full purchase)

      Lesson 3: Schedule C: Profit or Loss From Business Pt. 3

    7. (Included in full purchase)

      Lesson 4: Schedule F: Profit or Loss from Farming

    8. (Included in full purchase)

      Lesson 4: Schedule F: Profit or Loss from Farming Pt. 2

    9. (Included in full purchase)

      Lesson 5: Self-Employment Taxes

    10. (Included in full purchase)

      Lesson 6: Tax Deductions and Benefits for the Self-Employed

    11. (Included in full purchase)

      Lesson 7: Qualified Business Income Deduction

    12. (Included in full purchase)

      Lesson 7: Qualified Business Income Deduction Pt. 2

    13. (Included in full purchase)

      Lesson 7: Qualified Business Income Deduction Pt. 3

    14. (Included in full purchase)

      Lesson 7: Qualified Business Income Deduction Pt. 4

    15. (Included in full purchase)

      Copy of Quiz 13: Self-Employment Income and Taxes

  16. 16

    Module 14: Depreciation

    1. (Included in full purchase)

      Lesson 1: Depreciable Property

    2. (Included in full purchase)

      Lesson 1: Depreciable Property Pt. 2

    3. (Included in full purchase)

      Lesson 2: Depreciation Systems

    4. (Included in full purchase)

      Lesson 3: Depreciation Basis

    5. (Included in full purchase)

      Lesson 4: Recovery Periods

    6. (Included in full purchase)

      Lesson 5: Depreciation Method

    7. (Included in full purchase)

      Lesson 5: Depreciation Method Pt. 2

    8. (Included in full purchase)

      Lesson 6: Modified Accelerated Cost Recovery System (MACRS)

    9. (Included in full purchase)

      Lesson 7: Reporting Depreciation Deduction

    10. (Included in full purchase)

      Lesson 8: Alternative Depreciation System (ADS)

    11. (Included in full purchase)

      Lesson 8: Alternative Depreciation System (ADS) Pt. 2

    12. (Included in full purchase)

      Lesson 9: Listed Property

    13. (Included in full purchase)

      Lesson 10: Section 179 Deductions

    14. (Included in full purchase)

      Lesson 10: Section 179 Deductions Pt. 2

    15. (Included in full purchase)

      Lesson 11: Bonus Depreciation

    16. (Included in full purchase)

      Lesson 11: Bonus Depreciation Pt. 2

    17. (Included in full purchase)

      Lesson 12: Vehicle Depreciation Limits

    18. (Included in full purchase)

      Quiz: Depreciation

  17. 17

    Module 15: Passive Income

    1. (Included in full purchase)

      Lesson 1: Passive Loss Limitation

    2. (Included in full purchase)

      Lesson 2: Non-Passive Income

    3. (Included in full purchase)

      Lesson 2: Non-Passive Income Pt. 2

    4. (Included in full purchase)

      Lesson 3: Material Participation

    5. (Included in full purchase)

      Lesson 3: Material Participation Pt. 2

    6. (Included in full purchase)

      Lesson 4: Rental Income and Expenses

    7. (Included in full purchase)

      Lesson 4: Rental Income and Expenses Pt. 2

    8. (Included in full purchase)

      Lesson 5: Schedule E: Supplemental Income and Loss

    9. (Included in full purchase)

      Lesson 6: Rental Real Estate Special Allowance

    10. (Included in full purchase)

      Lesson 7: Form 8582: Passive Activity Loss Limitations

    11. (Included in full purchase)

      Lesson 7: Form 8582: Passive Activity Loss Limitations Pt. 2

    12. (Included in full purchase)

      Lesson 8: Royalties

    13. (Included in full purchase)

      Lesson 8: Royalties Pt. 2

    14. (Included in full purchase)

      Lesson 9: Real Estate Professional

    15. (Included in full purchase)

      Lesson 10: QBI Deduction

    16. (Included in full purchase)

      Quiz: Passive Income

  18. 18

    Module 16: Penalties, Amendments, and Tax Planning

    1. (Included in full purchase)

      Lesson 1: Filing and Underpayment Penalties

    2. (Included in full purchase)

      Lesson 2: Interest Charges in Taxation

    3. (Included in full purchase)

      Lesson 2: Interest Charges in Taxation Pt. 2

    4. (Included in full purchase)

      Lesson 3: Filing Tax Extensions

    5. (Included in full purchase)

      Lesson 3: Filing Tax Extensions Pt. 2

    6. (Included in full purchase)

      Lesson 4: Amending Tax Returns

    7. (Included in full purchase)

      Lesson 5: Form 1040 X

    8. (Included in full purchase)

      Lesson 5: Form 1040 X Pt. 2

    9. (Included in full purchase)

      Lesson 6: Pay-As-You-Go Taxation

    10. (Included in full purchase)

      Lesson 6: Pay-As-You-Go Taxation Pt. 2

    11. (Included in full purchase)

      Lesson 7: Form W-4

    12. (Included in full purchase)

      Lesson 7: Form W-4 Pt. 2

    13. (Included in full purchase)

      Copy of Quiz 16: Penalties, Amendments, and Tax Planning

  19. 19

    Module 17: State Fundamentals

    1. (Included in full purchase)

      Lesson 1: Domicile and Residency in State Taxation

    2. (Included in full purchase)

      Lesson 1: Domicile and Residency in State Taxation Pt. 2

    3. (Included in full purchase)

      Lesson 2: State Filing Requirements and Taxable Income Calculation

    4. (Included in full purchase)

      Lesson 2: State Filing Requirements and Taxable Income Calculation Pt. 2

    5. (Included in full purchase)

      Lesson 3: Federal-State Tax Conformity

    6. (Included in full purchase)

      Lesson 3: Federal-State Tax Conformity Pt. 2

    7. (Included in full purchase)

      Lesson 4: Common State Tax Benefits

    8. (Included in full purchase)

      Lesson 4: Common State Tax Benefits Pt. 2

    9. (Included in full purchase)

      Lesson 4: Common State Tax Benefits Pt. 3

    10. (Included in full purchase)

      Lesson 4: Common State Tax Benefits Pt. 4

    11. (Included in full purchase)

      Lesson 5: Taxation of Non-Resident Income

    12. (Included in full purchase)

      Lesson 6: The State Taxable Income Calculation

    13. (Included in full purchase)

      Lesson 6: The State Taxable Income Calculation Pt. 2

    14. (Included in full purchase)

      Lesson 7: Federal Law Preemption on State Taxation

    15. (Included in full purchase)

      Lesson 8: Tax Considerations For Community Property States

    16. (Included in full purchase)

      Lesson 8: Tax Considerations For Community Property States Pt. 2

    17. (Included in full purchase)

      Copy of Quiz 17: State Fundamentals

  20. 20

    Final Exam

    1. (Included in full purchase)

      Final Exam

  21. 21

    Conclusion

    1. (Included in full purchase)

      Conclusion

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