Income Tax Preparation
3.8 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
60 students enrolled
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Income Tax Preparation

Learn how prepare income tax returns for yourself and others!
3.8 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
60 students enrolled
Last updated 6/2015
English
Price: $50
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Get you familiarized with essential tax froms and worksheets
  • Help you gain general tax knowledge
  • Provide you with the tools to begin your tax preparation journey
View Curriculum
Requirements
  • Willingness to learn
Description

Welcome to Accounting Essential’s basic income tax preparation course.You are about to embark on a challenging and rewarding task. The purpose of this course is to give you the basic tools and knowledge to be able to prepare your own tax return or even prepare returns for others.This training will introduce you to the major components of an individual income tax return allowing you to prepare and complete an accurate return. The course is broken down into 15 sections, including the introduction and bonus content.

Who is the target audience?
  • Accounting students
  • Individuals looking to begin a career in taxes
  • Individuals with a general interest in taxes
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Curriculum For This Course
Expand All 15 Lectures Collapse All 15 Lectures 01:36:57
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The Basics
4 Lectures 33:41

The purpose of this lesson is to get you familiarized with essential tax forms and worksheets, help you gain general tax knowledge, and provide you with the confidence to prepare tax returns accurately.

Preview 01:33

This lesson will help you determine which taxpayers must or should file a tax return. You will also find information on how to verify a taxpayer's identity, which form to use, and how long taxpayers must keep their records.

Preview 12:04

This lesson is designed to teach tax preparers how to determine the appropriate and most beneficial filing status for the taxpayer.

Filing Status
10:57

This lesson is design to help you be able to distinguish between the two types of exemptions and determine who can claim the each exemption.

Exemptions
09:07
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Income and Deductions
3 Lectures 17:49
At the end of this lesson you will be able to distinguish between taxable and nontaxable income and know where they go on the tax return.
Income & Adjustment to Income
06:24

This lesson will enable you to determine the standard deduction amount for taxpayers and how to compute and report taxable income and income tax.
Standard Deduction & Tax Computations
05:46

This lesson will discuss the child and dependent care expense tax credit, who is eligible for the credit, what are the requirements to take the credit.
Child and Dependent Care Expenses
05:39
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Tax Credits
3 Lectures 20:35
This lesson will give you the knowledge to determine who qualifies for an education credit and which of the two types of education credits can be claimed.
Education Credits
08:31

The purpose of this lesson is to give you the tools to determine which taxpayers are eligible for the child tax credit and the additional child tax credit.
Child Tax Credit
05:37

This lesson will cover the following miscellaneous tax credits: retirement savings contribution, credit for the elderly or the disabled, and the mortgage interest credit.
Miscellaneous Credits
06:27
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Taxes and Payments
4 Lectures 21:15
This lesson will enable you to be able to identify the types of other taxes, determine who is liable for other taxes, and determine how to report these taxes.
Other Taxes
02:59

When this lesson is completed you will be able to identify types of payments and credits that are applicable for most low- and moderate-income taxpayer and report these payments and credits correctly.
Payments
05:39

This lesson covers who is eligible for the earned income credit and how to calculate the credit.
Earned Income Credit
04:58

This lesson covers how to calculate, report, and receive tax refunds and how to calculate report, and pay tax balances due.
Refund and Tax Due
07:39
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Bonus Content
1 Lecture 03:37
This is a bonus to the Basic Tax Income Course. I provided some useful resources that will help you in journey to prepare income tax returns.
Bonus Content
03:37
About the Instructor
Accounting Essentials
3.8 Average rating
3 Reviews
60 Students
1 Course
Tax Basics: A Beginner's Guide to Income Taxes.

Ms. Galloway is and accountant with over 10 years experience in the field and the owner of Accounting Essentials, LLC. She currently holds a BA in accounting and an MBA with a concentration in accounting. Ms. Galloway specializes in tax, bookkeeping, and small business accounting.