US Income Taxes - Income Tax Preparation Simplified for You

The A – Z of self-preparing and e-filing your basic income taxes by 04/15. Income tax preparation made easy for you.
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  • Lectures 31
  • Length 2.5 hours
  • Skill Level Beginner Level
  • Languages English, captions
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2015 English Closed captions available

Course Description

Student Course Feedback: "Dr. Jacinto, you were a great instructor. Your lectures were clear, precise and showed real "teacher" abilities. You enunciate so well and very easy to understand and follow. Your organization was noteworthy and covered the material well. I thoroughly enjoyed the entire course. In fact, I've listened to your lectures twice."

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2015 Tax Season Ends. A season of SAVINGS begin! Enjoy this course for $9 ($39 regular price) while it is being updated for next year's (2016) tax season. See you inside!

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Income Tax Basic Training has one simple objective - and that is for you to be able to prepare & file your OWN federal & state income tax return by 04/15 by empowering you with the tools you need to understand & learn how US income tax system works.

The course is delivered in simple, no-nonsense and straightforward terms to take the intimidation factor away from dealing with "taxes" and promote an engaging learning environment.

All the materials you need to successfully complete the course are built-in. It's loaded with supplemental resources and quizzes to reinforce learning. The course walks you through how to prepare a basic 1040 from the beginning to the end.

At the end of the course, you will understand how to calculate for your gross income subject to tax, adjusted gross income, the correct type of deduction to take: standard vs. itemized, the number of exemptions to claim, the credits that you may qualify for, your taxable income, tax liability, tax refund or tax due.

Save yourself an average of $200/year by filing your own federal & state income tax return every year. A research conducted by the National Society of Accountants showed that the average of professional tax preparation is $152 for a simple 1040 and $261 for a 1040 with Schedule A. More importantly, be in control of your own taxes by knowing why you pay what you do and learning and understanding how taxes work and affect you.

Your instructor promotes and encourages a lively class through the discussion forum. Expect her to respond to you within 24 hours or less.

Before you sign up, please refer to the target audience for this course to see that it is the right one for you.

What are the requirements?

  • Ability to add, subtract, divide & multiply
  • Analytical skills
  • Patience in learning something new.
  • Access to a copy of your prior year's tax return for comparison purposes is preferred but not required.

What am I going to get from this course?

  • Understand basic federal income tax laws and how it applies to your own your own personal or household situation
  • Prepare and file your own basic federal and state income tax return
  • E-file your federal and state income tax return safely and securely for FREE.
  • Be in control of your income tax liability and refunds
  • Plan for your own personal income taxes in the future.
  • Discover, learn and apply the federal credits and deductions that are available to you as a taxpayer and your dependents
  • Gain and extend your knowledge of basic income taxes as a tool for your personal financial planning.
  • Save an average of $200/year by preparing and filing your own return.

What is the target audience?

  • Designed for low and moderate income taxpayers to learn & equip them with the training they need to file their own income tax return each year.
  • Tax filers with adjusted gross income of $60,000 or less that filed using forms 1040-EZ, 1040A or 1040 with Schedule A in 2013.
  • Taxpayers with combined gross income of under $100,000
  • First time filers
  • College students who worked part time during the year.
  • Accounting college students who need to take Federal Income Tax for Individuals - this training will supplement that class.
  • Individuals who pay income taxes every year but DO NOT understand why.
  • Individuals who are afraid of taxes.
  • Individuals who want to obtain basic income tax training to help others through volunteer tax work for the needy (VITA).
  • This course is only designed for US taxpayers.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Dr. Majo Jacinto's Student Testimonials
Preview
03:02
Section 1: Filing Basics
03:51

Distinguish when you must or should file your federal income tax return.

02:53

What's difference between 1040EZ, 1040A and 1040.

05:06

Learn the 5 filing statuses and which is most appropriate for you.

5 questions

Quiz Description

Section 2: Exemptions
02:34

Who qualify as personal exemptions?

04:49

Who can you claim as dependents?

5 questions
Quiz Description
Section 3: Income items and related calculations
08:45

Learn the steps to calculate your taxable income & liability.

03:37

Learn if your income sources are taxable or nontaxable.

06:46

Learn about the forms that used to report common sources of income..

04:29

Use a Schedule C to report your income and expenses.

05:55

Capital assets - where capital gains and losses are reported. What are the loss limits? Capital gains in selling your main residence.

04:05

How and where is retirement income reported on your 1040.

03:47

Rental Income, Income from Partnerships, S Corporations & trusts - how are they reported.

01:42

Reporting unemployment benefits and how taxes can be withheld on benefits.

03:05

Calculate taxable portion of Social Security income.

02:44

Reporting other income sources.

Income
5 questions
Section 4: Adjustments to Income / Adjusted Gross Income
04:42

The effect of adjustments to income on your tax liability

5 questions
Quiz Description
Section 5: Types of Deductions
03:18

Prevailing standard deduction rates based on your filing status.

07:27

Prepare a Schedule A to itemize your expenses.

Deductions
5 questions
Section 6: My Tax & Credits
08:07

How to calculate your TAX based on published income tax rates.

07:06

How to qualify for child and dependent care credits.

08:18

Types of Education Credits and the qualifying factors.

03:15

Criteria to qualify for child tax credit.

More Credits?
04:41
5 questions
Quiz Description
Section 7: Other Taxes
05:50

Additional taxes to your existing income tax liability based on adjusted gross income.

Section 8: Payments and Refundable Credits
06:20

Amounts applied against your tax liability.

04:26

Qualifying conditions for Earned Income Credit.

Section 9: Bottom Line
03:48

Calculate your refund or tax due.

03:42

How to file your State Income Tax and E-file your taxes for free.

Final Quiz
5 questions
Section 10: Wrap Up
15:09

Walk-through of a sample return and the site (free software) to file your return for free.

03:04
Add a description. Include what students will be able to do after completing the lecture.

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Instructor Biography

Majo Jacinto, Certified Public Accountant & Accounting Professor

Dr. Majo Jacinto is an active professor in accounting, audit, information systems, taxation and nonprofit accounting for approximately 15 years in both the online and ground platforms serving college and graduate students in accounting and business.

Dr. Jacinto’s academic involvement include publishing textbooks, training manuals and sponsoring NYSED approved curriculum for Continuing Professional Education (CPE) credits. As a CPA, Dr. Jacinto is an actively engaged accounting practitioner serving for profit and non-profit organizations on Long Island, NY.

She earned her Doctor of Management degree at Colorado Technical University. She completed her MBA and undergraduate degree in Accounting at New York Institute of Technology. She also completed a baccalaureate degree in Economics and Psychology.

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I am invested in your success. My passion lies in being your guide by the side and see you not only perform but transform into successful business professionals and be the best you can be through accounting education.

“Be a lifelong learner. Perform consistently well, communicate effectively, think analytically and speak fluently the language of business = accounting (Jacinto, 2013).”

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