Tax Accounting: Difficult Topic, Made Easy to Understand
4.5 (10 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.
1,041 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Tax Accounting: Difficult Topic, Made Easy to Understand to your Wishlist.

Add to Wishlist

Tax Accounting: Difficult Topic, Made Easy to Understand

Finally, an easy to understand tax accounting course. Taxes explained step by step.
4.5 (10 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.
1,041 students enrolled
Created by Stefan Ignatovski
Last updated 7/2017
English
Current price: $10 Original price: $200 Discount: 95% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 6 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Describe and apply the tax law
  • Distinguish between Tax Avoidance and Tax Evasion
  • Identify the social, poltical, and economic factors influencing the tax law
  • Contrast Primary and Secondary Sources
  • Research the tax law and apply the appropriate procedures
  • Know the statutes of limitations and penalties imposed
  • Interpret the tax formula and its components
  • Determine personal and dependency exemptions
  • Determine the filing status of a taxpayer
  • Identify a qualifying child and a qualifying relative
  • Interpret multiple support agreements
  • Understand the special rules for dependents
  • Identify what is included in gross income
  • Differentiate between legal income and accounting and economic income
  • Apply the constructive receipt doctrine
  • Apply the assignment of income doctrine
  • Apply the economic benefit doctrine
  • Identify the items specifically excluded from gross income
  • Contrast between deduction and exclusions
  • Treatment of fringe benefits
  • Deductions FOR and FROM AGI
  • Apply trade or business deductions
  • Deductions for losses
  • Understand the rules for limitations of deductions
  • Identify the disallowed deductions
  • At Risk rules and passive activity losses
  • Material VS. Active Participation
  • Casualty and Theft Losses
  • Rules for Net Operating Losses
  • Know the rules for Hobby Losses, Home Office Expenses, Vacation Home Expenses
  • Apply the rules for itemized deductions and the appropriate treatment
  • Treatment of charitable contributions
  • Various credits available
  • Determine realized and recognized gains and losses
  • Determine adjusted basis of property
  • Determine adjusted basis of property (Gift and Inheritance)
  • Differentiate between ordinary, capital , and 1231 assets
  • Determine the holding period
  • Rules for determining taxable income (Capital Gains and Losses)
  • Rules for Section 1231 Assets (Section 1245 and Section 1250)
  • Depreciation Recapture
  • Tax Accounting (Methods, Rules, Accounting Periods)
View Curriculum
Requirements
  • Basic Accounting Rules (Accounting 101)
  • Positive attitude
  • Get ready to take notes
Description

(Updated as of July 2017)

~~~See why and how my videos helped over 170,000 students worldwide---

~~~Learn everything about Tax Accounting in less than 2 hours.~~~

I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. I have implemented a new way of teaching. Animated videos which are easy to understand. Learning has never been so exciting.

In this course you will find everything explained with a video lecture. The type of lectures are animated (cartoon) videos that break down the most difficult concepts used in tax accounting.

Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that you will retain the information you will receive.

Whether you are a business owner, manager, or a student, you need this course. This course will provide you with great tools and information about tax accounting, tax law and its application.

Who is the target audience?
  • Individuals
  • Small business owners
  • Sole Proprietors
  • CPA Candidates
  • Enrolled Agent Candidates
  • Accountants
  • Bookkeepers
  • Students
Students Who Viewed This Course Also Viewed
Curriculum For This Course
30 Lectures
02:04:31
+
Start Here
1 Lecture 01:12

Learn more about the course.

Preview 01:12
+
Introduction to Tax Law
2 Lectures 12:23

Basic concepts and overview of the tax law.

Introduction to Tax Law
05:44

The basics that you have to know in tax accounting.

Terms, Concepts, Doctrines
06:39
+
Practice and Procedure of the Tax Law
2 Lectures 08:55

Tax practice, procedures, and penalties.

Practice and Procedures
03:44

Learn about the tax reference materials used and their hierarchy.

Reference Materials and Procedures
05:11
+
Inter Section
1 Lecture 00:27
Other Courses I teach
00:27
+
Tax Formula; Exemptions; Filing Status
3 Lectures 15:09

This is the tax formula. It all comes down to this.

Preview 02:42

Determine if a dependent qualifies for an exemption.

Personal and Dependency Exemptions
04:38

Time to apply the knowledge we learned.

Exemptions Exercises
07:49
+
Gross Income
5 Lectures 21:50

Identify the items included in gross income.

Gross Income - Items Included
07:52

Items that are specifically excluded from gross income - Part 1

Preview 03:24

Items that are specifically excluded from gross income - Part 2

Gross Income - Items Excluded Part 2
04:30

Time to apply the knowledge we learned.

Preview 04:21

Time to apply the knowledge we learned.

Gross Income: Application of Knowledge - Part 2
01:43
+
Deductions
4 Lectures 16:02

Learn the general concepts about deductions. (Trade or business activities)

General Concepts about Deductions Part 1
05:22

Which deductions are allowed? Which deductions can a taxpayer take?

General concepts about Deductions Part 2
04:20

Which deductions are disallowed? What are the limitations in regards to the deductions?

Limitations and Disallowed Deductions
01:50

Time to apply what we learned about deductions.

Deductions - Application of Knowledge
04:30
+
Business, Investment, and Passive Activity Losses
3 Lectures 11:51

Business casualty and theft losses. Net operating losses. Hobby losses. Home office expenses. Vacation home expenses.

Business and Investment Losses
02:50

Business and investment losses and passive activity losses.

Passive Activity Losses
05:35

It is time to apply your knowledge of business and passive activity losses.

Passive Activities and At-Risk - Application of Knowledge
03:26
+
Itemized Deductions
2 Lectures 10:27

Learn everything about itemized deductions. Item by item, step by step.

Itemized Deductions
07:01

Time to apply what you learned about itemized deductions.

Itemized Deductions - Application of Knowledge
03:26
+
Gains and Losses (Capital Assets)
2 Lectures 09:21

Disposing of a property, realized and recognized gains and losses, and the appropriate tax treatment.

Realized VS. Recognized Gains and Losses; Determination of Basis
05:25

It is time to apply what you learned about realized and recognized gains and losses when disposing of capital assets.

Gains and Losses - Application of Knowledge
03:56
2 More Sections
About the Instructor
Stefan Ignatovski
4.4 Average rating
195 Reviews
3,525 Students
7 Courses
Helped Over 170,000 Students Worldwide

An Accounting Professor, Investor and Entrepreneur who teaches at multiple colleges in the US, including University of Washington. Stefan has also established multiple companies and invested in multiple start-up companies. Additionally, he is the author of the book "What College Didn't Teach You!". His area of expertise is concentrated in Accounting Forensics, which focuses on financial fraud, creative accounting, and anti-money laundering.

In every course Stefan makes, you will find the difference in teaching. He has his own way of creating interesting videos (less than 5 minutes, of course!) in which you will find everything you need to know about a specific topic. The DIFFERENCE is that his videos are fun to watch and will give you the desired "Aha!" moment. You will never forget the information, since each one is very descriptive. Visit the twitter profile for interesting updates.

Stefan's classes are very dynamic and make you eager to learn!