Individual Income Tax Course (Tax I)

Accounting Courses , Enrolled Exam (EA) Exam , Income Tax Courses ,

Individual Income Tax Course (Tax I)

This individual income tax course is best for college students at undergraduate and graduate level. It also can be use to prepare for your CPA and EA Exam. Invest in yourself. Start the free trial.

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Mansour Farhat · 21 April 2023

COURSE DESCRIPTION: Income Tax Course

In this income tax course, you’ll gain knowledge beyond the fundamentals, covering everything from filing statuses, dependents, exemptions, and deductions to more complex topics. These include understanding both taxable and nontaxable state income, comprehending credits, making adjustments to income, grasping detailed deductions, and navigating business income intricacies. Start your free trial.

Course Content

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✅⛔Please Start Here! 3 Topics

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🎥⛔How to use your tax course and welcoming message? ✅Please View First

🎥Introduce Yourself & Connect with Others

🎥Save Money on Your Subscription

💡Introduction to Taxation: History of U.S. Taxation and Different Types of Taxes 4 Topics | 4 Quizzes

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🎥Brief History of U.S. Taxation

🎥The Different Types of Taxes

🎯History of U.S. Taxation & Different Types of Taxes TF

🎯Types of Taxes

🎥Tax Structure: progressive vs proportional vs. regressive

🎯Different tax structure TF

🎥Marginal Vs Effective Tax Rate

🎯Marginal Vs Effective Tax Rate

💡Working with the Tax Law 1 Topic | 2 Quizzes

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🎥Tax Authority

🎯Tax Authority TF

🎯Tax Authority: 11 MCQs

💡Tax Formula & Tax Determination 6 Topics | 6 Quizzes

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🎥Income Tax Formula

🎯Income Tax Formula T/F

🎯Income Tax formula: 10 MCQs

🎥Filing Requirements – Who Must file a tax Return and When?

🎥Filing Status

🎥Example Filing Status

🎥Qualifying Child Vs. Qualifying Relative

🎥Example: Qualifying Child | Qualifying Relative

🎯Filing requirements and status T/F

🎯Filing requirements and status: 17 MCQs

🎯Dependent Child or relative T/F

🎯Dependent Child or relative: 16 MCQs

💡Computing The Tax 5 Topics | 5 Quizzes

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🎥Deductions for AGI | Deductions From AGI

🎯Deductions for AGI TF

🎯Standard Deduction TF

🎯Standard Deduction: 7 MCQs

🎥Tax Computation Marginal Vs. Average

🎥Tax Computation Example: Single Versus MFJ

🎥Introduction to Property Transactions

🎥Kiddie Tax Computation

🎯Kiddie Tax TF

🎯Kiddie Tax: 4 MCQs

💡Gross Income – Concepts & Inclusion 14 Topics | 17 Quizzes

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🎥Overview of Taxable Gross Income

🎯Overview of taxable income TF

🎯Overview of Taxable income: 9 MCQs

🎥Wages W-2 Income

🎯W-2 Benefits – Life Insurance Premium TF

🎯W-2 Benefits – Life Insurance Premium: 3 MCQs

🎥Alimony Income

🎯Alimony: 6 MCQs

🎥Interest Income

🎯Interest Income: 10 MCQs

🎥Dividend Income

🎥How Dividend Are Taxed Explained With Example

🎥Introduction to Capital Gain/Loss

🎥Prizes/Award and Cancelation of Debt

🎯Prizes & Awards TF

🎯Prizes & Awards: 2 MCQs

🎥Pension and Annuities

🎯Annuity: 15 MCQs

🎯Alimony & Child Support: 5 MCQs

🎥Gambling and Unemployment Compensation

🎯Casualty Losses & Gambling Losses: 5 MCQs

🎥Social Security

🎯Social Security Benefits TF

🎯Social Security Benefits: 3 MCQs

🎥IRA Distributions

🎯IRA Distributions

🎥Taxable Refund

🎥Original Issue Discount

🎯Gross Income Inclusion: 7 MCQs

💡Gross Income: Exclusion 8 Topics | 8 Quizzes

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🎥Gifts and Inheritances

🎯Gift and Inheritance TF

🎥Life Insurance Proceeds

🎯Life Insurance Proceeds TF

🎯Life Insurance and Health Insurance: 3 MCQs

🎥Scholarship and Fellowships

🎯Scholarships TF

🎯Scholarships: 6 MCQs

🎥Damages | Compensation

🎯Workers Compensations TF

🎯Compensation for Injury or Sickness: 5 MCQs

🎥Interest on Municipal Bonds

🎥Educational Saving Bonds Series EE Bonds

🎯Interest Income TF

🎥Tax Benefit rule

🎥CPA Simulation: Income Inclusion/Exclusion

💡Deductions and Losses in General 9 Topics | 6 Quizzes

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🎥Deductions and Losses | For AGI | From AGI

🎥Ordinary, Necessary and Reasonable

🎥Disallowed Deductions | Illegal Business | Political Contribution

🎥Hobby Losses

🎯Hobby Losses T/F

🎥Business Income and Loss (Schedule C)

🎥Rental Income and Loss

🎥Quasi CPA Simulation. Computing AGI with rental income

🎯Rental Activity T/F

🎯Rental Activity: 12 MCQs

🎯Comprehensive AGI Calculation: 12 MCQs

🎥Related Party Transactions

🎯Related Party Transactions – T/F

🎯Related Party Transactions: 4 MCQs

🎥(+): Student Loan Interest Tax Deduction for AGI – JO

💡Deductions and Losses: Various Business Expenses & Losses 7 Topics | 7 Quizzes

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🎥Bad Debts Deduction

🎯Bad Debt Expense TF

🎯Bad Debt Expense

🎥Worthless Securities | Small Business Stock section 1244

🎯Worthless Stock & Section 1244 TF

🎯Worthless Stock & Section 1244: 10 MCQs

🎥Casualty and Theft Losses

🎥Casualty and Theft Losses Examples

🎥Research and Experimental Expenditures

🎥Excess Business Loss Limitation

🎥Net Operating Loss NOL

🎯Net Operating Loss TF

🎯Net Operating Loss: 7 MCQs

🎯Business Expenses and Self-Employment Tax: 8 MCQs

💡Deduction: Employee & Self-Employed Related Expenses 11 Topics | 4 Quizzes

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🎥Employee Vs. Independent Contractor

🎥Transportation Expenses Deduction

🎥Travel Expenses Deduction

🎥Education Expense | Qualified Tuition Deduction

🎥Home Office Expense Deduction

🎥Meals and Entertainment Expense

🎥Moving, Gift and Miscellaneous Expenses

🎯Transportation, travel, and education expenses TF

🎯Transportation, travel, and education expenses: 9 MCQs

🎥Retirement Plan

🎥Deduction for Individual Retirement Account | Roth IRA

🎥Roth IRA (new)

🎥Accountable Plans and Non Accountable Plan

🎯IRA Deductions TF

🎯IRA Deductions: 8 MCQs

💡Depreciation, Cost Recovery, & Amortization 7 Topics | 7 Quizzes

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🎥Cost Recovery | Half Year Convention

🎥Mid Quarter convention | Depreciation and Cost Recovery

🎥Mid Month Convention | Depreciation of Real Property

🎯Convention Rules TF

🎥Section 179 Depreciation

🎥First Year Bonus Depreciation

🎯Section 179 + Bonus Depreciation TF

🎯Section 179 + Bonus Depreciation: 7 MCQs

🎥Listed Property and Luxury Auto Limit

🎯Listed property and luxury auto limit TF

🎯Listed property and luxury auto limit: 6 MCQs

🎥 Section 197 Amortization of Intangible Assets

🎯Section 197 Amortization: 2 MCQs

🎯Section 197 Amortization TF

💡Deductions and Losses: Certain Itemized Deductions 6 Topics | 9 Quizzes

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🎥Medical Expense Education

🎯Medical Expenses T/F

🎯Medical Expenses: 8 MCQs

🎥Health Savings Account | HSA

🎯Health Savings Account HSA T/F

🎯Health Savings Account HSA: 1 MCQ

🎥Property Taxes State and Local Income Taxes | SALT

🎥Interest Expense Deduction

🎯SALT and Interest Expense T/F

🎯SALT and Interest Expense: 6 MCQs

🎯Interest Expenses: 4 MCQs

🎥Charitable Contribution Part 1

🎥Charitable Contribution part 2

🎯Charitable Contributions T/F

🎯Charitable Contributions: 8 MCQs

💡Investor Losses | Passive Activity | Material Participation | At-Risk Limit 3 Topics | 4 Quizzes

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🎥PAL & At Risk Limitation

🎥# 1 TCP Video Simulation

🎯Losses Limitations TF

🎯Losses Limitations: 11 MCQs

🎯Mom & Pop Exception TF

🎯Rental Real Estate – Mom and Pop Exceptions: 9 MCQs

💡Tax Credits & Payments 13 Topics | 4 Quizzes

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🎥Introduction to Tax Credits

🎥Introduction to Business Credits

🎥Work Opportunity and Rehabilitation Expenditure Tax Credit

🎥Research Credit

🎥Various Business credits

🎥Earned Income Credit

🎥Foreign Tax Credit

🎥Adoption Tax Credit

🎥Child Tax Credit

🎥Elderly and Disabled Tax Credit

🎥Dependent care Credits

🎥Education Credits

🎥Retirement Savings Contribution Credit

🎯Tax Credits TF

🎯Tax Credits: 28 MCQs

🎯Business Tax Credits TF

🎯Business Tax Credits: 11 MCQs

💡Personal Property Transactions 13 Topics | 18 Quizzes

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🎥Introduction to Property Transactions

🎥Basics of Property Basis

🎯Intro to Property Transactions & Property Basis TF

🎯Intro to Property Transactions & Property Basis: 8 MCQs

🎥Amount Realized

🎯Amount Realized TF

🎯Amount Realized: 5 MCQs

🎥Gift Property – Tax Basis

🎯Gift Property TF

🎯Gift Property: 14 MCQs

🎥Basis for Inherited Property

🎯Inherited Property TF

🎯Inherited Property: 8 MCQs

🎥Recognized vs. Realized

🎯Realized Vs Recognized TF

🎯Realized Vs Recognized: 10 MCQs

🎥Section 1031 Like-Kind Exchange

🎥Section 1031 W/liabilities

🎥1031 CPA Simulation

🎯Section 1031 – Like-Kind Exchanges TF

🎯Section 1031 – Like-kind Exchange: 15 MCQs

🎥Involuntary Conversion

🎯Involuntary Conversion TF

🎯Involuntary conversion: 13 MCQs

🎥Section 121 Homeowner Exclusion

🎯Section 121 – Personal Residence Disposition TF

🎯Section 121 – Personal Residence Disposition: 12 MCQs

🎥Disposition of Personal Use Property

🎥Wash Sale Loss

🎯Wash Sales TF

🎯Wash Sales: 7 MCQs

💡Property Transactions: Capital Gain/Losses, Section 1231, Recapture Provisions 6 Topics | 10 Quizzes

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🎥Introduction to Capital Assets

🎯Capital assets: 6 MCQs

🎯Capital Assets – CPA Question

🎥Netting Capital Gains and Losses

🎯Netting Process of Capital G&L TF

🎯Netting Process of Capital G&L : 16 MCQs

🎥Section 1231 Assets

🎯Section 1231 Assets TF

🎯Section 1231 Assets: 9 MCQs

🎥Section 1245 Assets Depreciation Recapture

🎥Section 1245 Assets CPA Simulation

🎯Section 1245 assets TF

🎯Section 1245 assets: 8 MCQs

🎥Section 1250 Unrecaptured Gain

🎯Section 1250 Depreciation Recap TF

🎯Section 1250 Depreciation Recap: 7 MCQs

💡Section 199A Qualified Business Deduction 3 Topics | 2 Quizzes

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🎥Qualified Business Income Deduction | Section 199A

🎥Limitations of QBI Part 1

🎥Limitations of QBI Part 2

🎯Section 199A QBI Deductions TF

🎯Section 199A QBI Deductions: 10 MCQs

💡Accounting Periods and Methods: Tax Accounting Methods 8 Topics | 4 Quizzes

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🎥Cash Method

🎥Accrual Method

🎥Methods of Accounting For tax Purposes Cash and Accrual +PPT Slides

🎥Summary and Example of Method of Accounting For tax Purposes

🎥Example: Tax Accounting Methods

🎥Installment Sales

🎯Installment Sales TF

🎯Installment Sales: 7 MCQs

🎥Uniform Cost Capitalization (UNICAP)

🎯Uniform Capitalization Rule: 2 MCQs

🎥Taxable Long Term Contract: % of Completion and Completed Contract

🎯LT Contracts

💡Alternative Minimum Tax (AMT) 5 Topics

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🎥Alternative Minimum Tax simplified Explained with example

🎥Alternative Minimum Tax Adjustments and Preferences AMT Simplified

🎥Alternative Minimum Taxable Income Explained & Simplified| Exemption

🎥CPA exam Simulation Alternative Minimum Tax Income Tax Course

🎥Alternative Minimum Tax | CPA Exam TCP Questions

💡Retirement Plans 3 Topics

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🎥Pension Plan: 401 K, SEP Plan, Keogh Plan

🎥Minimum Required Distribution: Taxation for Qualified Pension Plans

🎥Taxation of Distributions from IRA

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About Instructor

Mansour Farhat

45 Courses

+1629 enrolled

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$29.99

Course Includes

24 Lessons
156 Topics
127 Quizzes