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Tax Accounting Made Easy to Understand
Finally, an easy to understand tax accounting course. Taxes explained step by step.
This Course Includes
udemy
4.6 (717 reviews )
1h 57m 
english
Online - Self Paced
professional certificate
Udemy
About Tax Accounting Made Easy to Understand
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.
What You Will 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) Show moreShow less.