Tax Accounting Made Easy to Understand
Finally, an easy to understand tax accounting course. Taxes explained step by step.
4.24 (632 reviews)
4,376
students
2 hours
content
Nov 2017
last update
$59.99
regular price
What you will 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)
Screenshots
Related Topics
1022108
udemy ID
11/24/2016
course created date
11/22/2019
course indexed date
Bot
course submited by