Courses

Master Income Tax Preparation Using TurboTax What you'll learn: You will be able to do your Federal income tax returns onlineLearn the secrets to increasing your tax refundEasily review your tax returnsCompare what expenses are deductible and which ones are not Learn how to quickly and easily complete your personal tax returns online in a short period oftime. Get the biggest refund ever by doing your Federal Tax Returns on your own with the knowledge you will gain in this course. Save yourself time and money by doing it yourself. Most software you use will have an audit review built in which will save you from having hassles with the IRS.This course will go over many essential points that will help you to be successful once you finish the course. These are just a few of the points and topics that will be covered:You will learn how to get the maximum refund.Increase the amount of expenses you candeduct.Get the most deductions in orderto lower your tax burden.You will save ontax preparation expenses.Identify what are the best tax preparation websites to prepare your tax returns on.Reduce your probability of having common errors by more than 20% by going from physical to online tax returns.How to complete taxform1040EZ (U.S. Federal incometaxreturn)How to complete tax form1040X (Tax amendment form)in case you need to make corrections or if a tax document arrived late in the mail and you didn't include those numbers in your tax return.Add dependents to increase your refund.Add more expenses to lower your tax payments.Contributeto an IRA to reduce the amount of taxes you pay.E-file safely and securelyHow incorporating can greatly reduce your tax burden by allowing you to deduct more expenses.In this course, you will also learn industry secrets to increase your refund by doing additional things such as:Make any purchases before December 31st for things you will need the following year if you are self employed and want to deduct these expenses.Include any tax credits for energy savings.Make your January mortgage payment in December so you can increase your mortgage interest payments and which will increase your mortgage interest deduction.If you work from home, add any expenses you have before December 31st, when preparing this space for work purposes such as furniture, tile, paint, etc.In the first section of this course you will learn what it means to E-file as well as understanding what tax deadlines are and why you should file your tax returns online instead of through the mail. The second and third sections of this course will go over many hugely important topics. You will learn what tax forms are needed and how to complete them. You will also, learn how to go over every step of the process by watching a live example of tax returns being completed so that you are prepared to do them yourself when it's time.Your instructorJoe Correa is the founder and CEO of several businesses and has successfully taught others how to successfully run a business through his courses as well as prepare tax returns. The first and most important step of the process is to find someone who has already done this many times and can teach you the process in an easy and practical way.Please contact me if have any questions. Remember this course has a 30 day money back guarantee so their is zero risk on your part. Don't forget that you will receive your certificate of completion when you finish this course.

Earned income tax credit, child tax credit, child & dependent care credit, credit for elderly or the disabled, Adoption What you'll learn: Earned Income Tax CreditChild Tax CreditChild & Dependent Care Tax CreditCredit for Elderly or the DisabledAdoption Tax CreditOther Dependents Credit Family & dependent tax credits in 2018 including the earned income tax credit, child tax credit, child & dependent care tax credit, other dependents tax credit, credit for elderly or the disabled, and adoption tax credit.This course will provide a detailed look at these tax credits, including a discussion of the amount of the tax credits and the qualifications to take the tax credits.We will use tax software and forms to show how the tax credits are input into the tax forms and to test variations in qualifications for the tax credits including income limitations. Using tax software to experiment with different scenarios is a very effective way to learn about how tax credits actually operate.For example, running tax scenarios using tax software is the only way most people will be able to see clearly the difference between the child tax credit (CTC) and the additional child tax credit (ACTC). Running tax scenarios can also help us understand how the child tax credit (CTC), additional child tax credit (ACTC), and earned income tax credit (EIC) will work as income levels and the number of children is adjusted.We will provide PDF files that can be downloaded and used as references without an internet connection.The course will also provide PDF documents of relevant publications and forms.

American Opportunity Tax Credit, Lifetime Learning Tax Credit, Student Loan Interest Deduction, (ESA), (QTP) What you'll learn: List Education Tax Credits and Education Tax BenefitsDescribe the American Opportunity Tax CreditExplain the Amount of Tax Benefit for the American Opportunity Tax CreditComplete Tax Documentation Related to the American Opportunity Tax CreditDescribe the Lifetime Learning Tax CreditExplain the Amount of Tax Benefit for the Lifetime Learning Tax CreditComplete Tax Documentation Related to the Lifetime Learning Tax CreditDescribe Tax Benefits For Student Loan Interest DeductionComplete Tax Documentation Related to the Student Loan Interest DeductionDescribe Tax Benefits For Coverdell Education Savings Account (ESA)Complete Tax Documentation Related to the Coverdell Education Savings Account (ESA)Describe Tax Benefits For Qualified Tuition Program (QTP)Complete Tax Documentation Related to the Qualified Tuition Program (QTP) This education tax credits & education tax benefits course will discuss tax benefits related to education, focusing on education tax credits including the American Opportunity Tax Credit and the Lifetime Learning tax credit.The course will describe the benefits of the American Opportunity Tax Credit, giving practical examples using actual tax forms. As we learn the concepts of the American Opportunity tax credit, we will run examples and scenarios using tax software and tax forms to get a feel of how the credit reacts to different tax circumstances.We will describe the benefits of the Lifetime Learning Tax Credit, giving practical examples using actual tax forms. As we learn the concepts of the Lifetime Learning tax credit, we will run examples and scenarios using tax software and tax forms to get a feel of how the credit reacts to different tax circumstances.The course will discuss how the American Opportunity tax credit and Lifetime Learning tax credit interact with each other and how to maximize tax benefits.We will discuss the deduction for student loan interest, describing circumstances where student loan interest is deductible, and giving practical examples using tax forms.The course will discuss the tax benefits of a Coverdell Education Savings Accounts (ESA). We will consider how a Coverdell Education Savings Accounting (ESA) is set up, the tax benefits, and tax consequences of distributions. The course will also discuss how the Coverdell Education Saving Account (ESA) works or coordinates with education credits like the American Opportunity tax credit and Lifetime Learning tax credit.We will discuss the tax benefits of a Qualified Tuition Program (QTP). We will discuss how a Qualified Tuition Program (QTP) is set up, the tax benefits, and tax consequences of distributions. The course will also explain how the Qualified Tuition Program (QTP) works or coordinates with education credits like the American Opportunity credit and Lifetime Learning credit.

Explore the intricacies of taxes and their impact on investments in this comprehensive 1.5-hour video series. Gain valuable insights into minimizing taxes when investing, understanding capital gains taxes, and implementing tax-loss harvesting strategies. Learn about the wash sale rule, tax bracket mechanics, and required minimum distributions. Discover how to prioritize savings, leverage Health Savings Accounts (HSAs) for retirement, and compare traditional and Roth IRAs. Delve into the tax benefits of municipal bonds, interpret brokerage 1099 tax forms, and explore ways to maximize Social Security payments. Find out how to import investment results into TurboTax®, understand early withdrawal rules for retirement accounts, and learn about Coverdell Education Savings Accounts (ESAs) for college savings.

Discover how to complete and submit business tax forms. Learn what needs to be submitted to the IRS, when it needs to be submitted, and the essentials of completing these tax forms.

Dive into a comprehensive 8-hour course on Income Tax based on the 2022 syllabus. Explore key concepts including direct and indirect taxes, Goods & Service Tax (GST), canons of taxation, and the Indian income tax structure. Learn about tax liability, exemptions, and residential status for individuals. Examine various income sources such as agricultural income, salaries, house property, and business or profession. Work through numerous practical problems to solidify understanding of income calculations across different categories. Gain valuable insights into identifying important questions within the subject matter, preparing you for real-world applications of income tax principles.

This course will make students familiar with the GST including CGST/IGST/SGST/UTGST, Central excise and Custom. Students will learn Composition scheme, Exemptions under GST, input tax credit. This course will also enable student’s implementation of GST Law, the Basic Customs Duty is still levied on imports with other additional duties being subsumed under GST. It will also explain the basic and overview of Customs Act and levy and collection of customs duties and its types. This course prescribes basic concepts of custom law and Import and Export Procedures.

Learn the Fundamentals of Tax for Global Businesses and International Individuals What you'll learn: Learn the basics of International Tax, even if you have no Accounting or Law backgroundLearn about Double Tax Treaties and how they can help youLearn how to assess the tax obligations of an International CompanyLearn how to stay legally compliant in multiple jurisdictionsLearn tax strategies for Companies including Transfer Pricing & Holding CompaniesLearn tax strategies for digital nomads & expatsLearn about Tax Havens and Offshore BankingLearn about high profile tax cases such as Amazon, Google, Starbucks, Apple, Shakira, Cristiano Ronaldo and more In today's digital world, it is no longer just large multinational corporations that can expand globally - small businesses and freelancers can too. But as your global footprint broadens, so can your tax obligations. International tax can appear complex and intimidating - this course will simplify the topic and provide clarity among the chaos. No prior experience is necessary. Whether you're a business owner selling overseas, a digital nomad, or a tax professional looking to expand your knowledge, this course is designed to cater to all.Led by Andy Macdonald, an International Tax Adviser and Chartered Accountant with over 10 years of experience advising multinational businesses and individuals across the world, this course provides a deep dive into international tax, including: Foundations of International Tax: A deep dive into how individuals and businesses are taxed globally. Tax Treaties: A detailed analysis of how use Double Tax Treaties to avoid double taxation for individuals and businesses. Tax havens and offshore accounts:A look into how these are used and how the changing regulatory landscape is impacting them.Strategies and Planning: Practical insights into optimising tax liabilities for businesses and individuals operating across borders.We'll look at complex areas like Transfer Pricing, Holding Company Structuring, Personal Residency Planning and Investment Planning. Real-world Case Studies: We'll explore the high profile cases of Apple, Starbucks, Amazon, Google, Shakira, Lionel Messi, Cristiano Ronaldo and more DISCLAIMER This course is educational and aimed at providing you a fundamental insight into the key concepts of international tax. The content of the course in no way constitutes specific advice to your specific circumstances. I accept no liability for any reliance placed upon the content of the course or references, therein. If you need specific assistance, you should consult with an appropriately qualified accountant or lawyer who can provide you with tailored advice concerning your situation.

More Value. Less Tax. Better Decisions. What you'll learn: Learn the language of taxMake informed tax and entity decisionsSave money through deductions and feesSelf prepare with greater confidenceGet past preparation and onto planning and advising with your CPA You are an entrepreneur, creator, or maybe even consultant. Tax Prep for Entrepreneurs is designed to teach you what you need to know the language of tax. If you self-prepare, this course will give you an added edge and tax strategy normally reserved for paying clients. Once you graduate to a CPA or trusted tax preparer – this course will get you past just a “tax return” and get you to planning and advisory. Come get it: -Learn the language of tax -Make informed tax and entity decisions -Save money through deductions and fees -Self prepare with greater confidence -Get past preparation and onto planning and advising with your CPA

Using the pay statement as our roadmap, this course covers the basics of payroll that everyone who receives a paycheck should know. Starting with your classification as an employee, you'll learn why certain new hire forms are required; how to calculate various payroll amounts, including gross and taxable wages, deductions, and certain taxes; how pretax deductions and benefits impact your taxes; and how your pay statement year-to-dates are used to generate a W-2. All this so you can make sure you are being paid accurately.

In today’s world every government need the fund for welfare of the people. This fund can be generated by imposing taxes; taxes are of two types, direct and indirect. Direct taxes affecting directly to people and also contributing significantly to revenue of the government. Income Tax Law and Practice course is based on the provisions of Income Tax Act, 1961 of India. Course aims at introducing the learner to various provisions of Income Tax Act, 1961 which are relevant for computing the taxable income and tax liability of an individual. This course helps in determining types of income, its assessment and levy of income tax for an individual assessee.Course Outcomes – After completion of this course the learner will be able to-* CO1 - interprets; differentiate between various sources of incomes for an individual.* CO2 - able to compute the total income of an individual and calculate the tax liability.* CO3 - will be able to file ITR for an individual.

No government can run a country without revenue. One of the major sources of revenue is taxation. Taxes can be classified as Direct and Indirect Tax. Direct taxes encompass those taxes where impact and incidence falls on the same person. Income Tax Act, 1961 is the prime legislation in the area of direct taxes in India. It is very interesting to know various facets of this Act. The Act makes ample scope for tax planning and tax management by utilizing various provisions which are enshrined therein. A tax payer can reduce her tax liability by taking advantage of various incentives that are provided in the Act. It creates a win-win situation. This UG/PG Level 4 credit course is inter-disciplinary in nature and any graduate or anyone pursuing graduation, who wishes to learn about Indian income tax system, can enroll. After completion of the course, a learner can have following takeaways:.1. An overview of the direct taxation system of India.2. Knowledge of computation of income tax.3.Idea on various avenues for tax planning and tax management4. Awareness on the compliance of tax laws5. Enabling to file income tax returns6. Taking occupation as tax consultantsCOURSE CREDIT = 4 THIS COURSE IS ONE OF THE “Best Online Courses of All Time” by Classcentral.com UNDER THE SOCIAL SCIENCE CATEGORY.https://www.classcentral.com/collection/top-free-online-courses?subject=social-sciences

Learn about the fundamentals of Input Tax Credit in this 36-minute educational video from NPTEL-NOC IITM. Explore key concepts and applications of input tax credits in taxation systems, focusing on essential principles that help understand how businesses can offset taxes paid on purchases against their tax liability.

Learn about the intricacies of Input Tax Credit in this 32-minute educational video from NPTEL-NOC IITM. Explore key concepts and applications of Input Tax Credit in the second part of this informative series, designed to enhance your understanding of tax credit mechanisms and their implementation.

Learn about the fundamentals of Input Tax Credit in this 37-minute educational video from NPTEL-NOC IITM. Explore key concepts and principles related to tax credits in the first part of this informative series.

Tax of Home Sale-Exclusion Qualifications, Gain on Sale Calculation, Basis Calculation, & Data Entry to Tax Forms What you'll learn: Tax consequences of home saleHow to calculate the gain or loss on a home saleRequirements to qualify for an exclusion of gainRequirements to qualify for a partial exclusion of gainHow to calculate taxable amount of home saleHow to calculate basis or adjusted cost of home sale Home sale tax consequences including discussion of eligibility of exclusions, calculating the gain or loss on a sale, & entering the data into tax forms.We will include reference material and PDF files that can be downloaded and used without an internet connection. The course will also include Excel worksheets to help with gain and loss calculations and provide examplesThe material will discuss the calculation of gain or loss on the sale of a home. We will give an example of a closing statement and how to pull information from it to calculate the gain or loss on a sale. Excel worksheets and example calculations will be provided. We will use the example problem as a reference point when we move forward in the course, zooming into parts of the calculation when applicable.We will enter the information for the sale of the home into actual tax forms so we can see the effect on schedule D (Capital Gains and Losses) but also the effect on the rest of the tax return including the Form 1040.The course will discuss the basis calculation including different scenarios that can complicate the calculation like the home being destroyed, condemned, received in a divorce, received as a gift, or inherited.

Tax transformation is now a standard practice in business and is crucial for a successful digital transformation journey for enterprises. With rapidly evolving standards, legislation, and technologies, tax has become a crucial factor in making business decisions. Therefore, it is essential for businesses to onboard the right resources for a successful tax transformation. This course aims to help you prepare for and become a valuable member of a tax transformation project. You’ll learn about the different tax types, such as indirect tax, direct tax, transfer pricing, and withholding tax. For each of these tax types you’ll learn about the global developments, the business relevance, and the importance of technology with a focus on SAP S/4HANA and SAP solutions for global tax management. This course is brought to you in collaboration with Deloitte.

A simple course on GST registration process in India What you'll learn: This course teaches you the step by step process of GST registration Goods and Services Tax (GST) is an indirect tax law which came into existence throughout India on 01st July, 2017. GST is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition of a product supply chain. It is a tax levied at every point of sale. GST has effected businesses of all types in India. It has made compulsory for a large number of businesses to register under it. Without registration, a person or a business entity can neither collect tax from his customers nor claim any input Tax Credit of tax paid by his suppliers. This course is aimed for people who need a guide to complete the registration of their business entity under the GST law. This course will also give you a basic idea about this new law.

Learn income tax preparation related to rental property form a certified public accountant (CPA) What you'll learn: Explain what is new for the current yearDiscuss what is included in rental incomeDescribe when to report rental incomeExplain accounting methodsDescribe common rental expenses or deductionsDiscuss how personal use of property can impact the amount of expenses to reportExplain what depreciation is and how it applies to rental propertyDiscuss what rental property can and cannot be depreciatedDescribe limitations on rental losses, at-risk rules, and passive activity limits This course will focus on tax preparation related to rental real property.We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.We will start with an introduction to residential rental property and go over what’s new.Learners will understand what constitutes rental income and expenses for a situation where there is no personal use of the dwelling. We will understand when to deduct and what the most common deductions are.Learners will understand the concept of points and the tax implications.The course will discuss the concept of depreciation, providing examples using tax forms and worksheets to solidify the information.We will discuss the concept of basis and how it is calculated. Learners will understand what rental property can be depreciated and well as when depreciation should begin and end. The course will outline depreciation methods and how to determine the proper one for a particular situation.We will also discuss reporting rental income, expenses, and losses. Learners will know which forms to use. The course will cover Schedule E and provide example presentations demonstrating the form.We will also discuss loss limitation rules.

Explore a comprehensive course on Auditing and Income Tax Law designed for B.Com Part 2 students. Gain a solid understanding of auditing fundamentals, including its definition, basic concepts, scope, advantages, and importance. Learn about various audit objectives, essential qualities of an auditor, and the audit process. Delve into audit programming, its types, and implementation. Discover the significance of audit working papers, methods for their preservation, and the importance of audit evidence. Master key concepts through free lectures that cover the entire syllabus, providing a thorough foundation in auditing and income tax law principles.