US Income Taxes - Income Tax Preparation Simplified for You
4.4 (46 ratings)
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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.
4.4 (46 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.
1,079 students enrolled
Created by Majo Jacinto
Last updated 1/2015
English
English, ...
  • English
  • Spanish
  • Spanish
Price: $30
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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.
View Curriculum
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.
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.

Who 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.
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Curriculum For This Course
31 Lectures
02:36:23
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Dr. Majo Jacinto's Student Testimonials
1 Lecture 03:02
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Filing Basics
3 Lectures 11:50

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

Am I required to file a tax return?
03:51

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

Which Form should I use?
02:53

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

Preview 05:06

Quiz Description

Filing Basics
5 questions
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Exemptions
2 Lectures 07:23

Who qualify as personal exemptions?

What are personal exemptions?
02:34

Who can you claim as dependents?

What are dependency exemptions?
04:49

Quiz Description
Exemptions
5 questions
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Income items and related calculations
10 Lectures 44:55

Learn the steps to calculate your taxable income & liability.

How do I calculate the taxable income & liability?
08:45

Learn if your income sources are taxable or nontaxable.

What income items are taxable and nontaxable?
03:37

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

Preview 06:46

Use a Schedule C to report your income and expenses.

Business Income
04:29

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

Capital Gains and Losses
05:55

How and where is retirement income reported on your 1040.

Retirement Income
04:05

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

Schedule E - Rental Income
03:47

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

Is unemployment compensation taxable?
01:42

Calculate taxable portion of Social Security income.

Do I have to pay taxes on my social security income?
03:05

Reporting other income sources.

I just won the lotto! Do I have to pay taxes?
02:44

Income
5 questions
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Adjustments to Income / Adjusted Gross Income
1 Lecture 04:42

The effect of adjustments to income on your tax liability

Do I receive a tax break for paying alimony?
04:42

Quiz Description
Midterm Assessment
5 questions
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Types of Deductions
2 Lectures 10:45

Prevailing standard deduction rates based on your filing status.

Do I qualify for standard deduction?
03:18

Prepare a Schedule A to itemize your expenses.

What expenses can I itemize?
07:27

Deductions
5 questions
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My Tax & Credits
5 Lectures 31:27

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

What is my tax liability?
08:07

How to qualify for child and dependent care credits.

Can I receive credit for child care expenses?
07:06

Types of Education Credits and the qualifying factors.

Wow! My Udemy online courses may quality towards education credits.
08:18

Criteria to qualify for child tax credit.

Can I receive $1,000 per qualifying child for child tax credit?
03:15

More Credits?
04:41

Quiz Description
Tax and Credits
5 questions
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Other Taxes
1 Lecture 05:50

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

Other Taxes
05:50
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Payments and Refundable Credits
2 Lectures 10:46

Amounts applied against your tax liability.

Payments
06:20

Qualifying conditions for Earned Income Credit.

Earned Income Credit
04:26
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Bottom Line
2 Lectures 07:30

Calculate your refund or tax due.

Refund or Tax Due
03:48

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

State Income Tax & E-file for FREE
03:42

Final Quiz
5 questions
1 More Section
About the Instructor
Majo Jacinto
4.4 Average rating
352 Reviews
13,079 Students
5 Courses
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).”