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Individual Income Tax Form 1040 Comprehensive Problem 

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Individual Income Tax Form 1040 Comprehensive Problem
 at 
UDEMY 
Overview

Construct a complex tax return step by step with a Certified Public Accountant CPA

Duration

8 hours

Total fee

649

Mode of learning

Online

Credential

Certificate

Individual Income Tax Form 1040 Comprehensive Problem
 at 
UDEMY 
Highlights

  • Earn a certificate of completion from Udemy
  • Learn from 5 downloadable resources
  • Get full lifetime access of the course material
  • Comes with 30 days money back guarantee
Read more
Details Icon

Individual Income Tax Form 1040 Comprehensive Problem
 at 
UDEMY 
Course details

Skills you will learn
Who should do this course?
  • For Tax Professionals
  • For Tax Students
  • For Individual Taxpayers
What are the course deliverables?
  • How to complete at tax return
  • How to calculate taxes using a tax formula
  • How to use tax software to help complete a complex return
  • How to use an Excel tax worksheet to check work
More about this course
  • We will construct a complex tax return in a step by step format, beginning with a basic return & building complexity as we move forward
  • The course will demonstrate the data input within 2020 income tax forms as well as the use of an Excel worksheet to check the numbers and demonstrate the use of tax software
  • Using tax software & an Excel worksheet, formatted as the income tax equation, are common, and best practices for many tax professionals, practices that greatly increase understanding and accuracy
  • The materials for the course will include example tax forms after many of the steps in the practice problem

Individual Income Tax Form 1040 Comprehensive Problem
 at 
UDEMY 
Curriculum

Income Section

310 practice problem 1 part 1 Introduction Organizing Documents

315 Practice Problem 1 Part 2 Data Input Form W-2

320 Practice Problem 1 Part 3 Data Input Form W-2 Tax Formula ? Excel Worksheet

325 Practice Problem 1 Part 4 Data Input Form 1099-DIV & Form 1099-INT

330 Practice Problem 1 Part 5 Data Input Form 1099-DIV & Form 1099-INT Tax Formu

335 Part 6 Data Input Form 1099-B Proceeds From Broker & Exchange Transactions

340 Practice Problem 1 Part 6 Data Input Form 1099-B Proceeds From Broker & Exch

345 Practice Problem 1 Part 7 Data Input State Refund, Unemployment, & Winnings

350 Practice Problem 1 Part 8 Data Input State Refund, Unemployment, & Winnings

Comprehensive Problem Part 2

410 Practice Problem 1 Presentation 8 Adjustments to Income Student Loan Interes

412 Practice Problem 1 Presentation 9 Adjustments to Income Student Loan Interes

415 Practice Problem 1 Presentation 10 Adjustments to Income Charitable Contribu

417 Practice Problem 1 Presentation 11 Adjustments to Income Charitable Contribu

420 Practice Problem 1 Presentation 12 Adjustments to Income IRA Deduction

422 Practice Problem 1 Presentation 13 Adjustments to Income IRA Deduction Tax F

425 Practice Problem 1 Presentation 14 Adjustments to Income Alimony Paid

427 Practice Problem 1 Presentation 15 Adjustments to Income Alimony Paid Tax Fo

432 Practice Problem 1 Presentation 17 Adjustments to Income Educator Expenses T

Comprehensive Problem Part 3

510 Practice Problem 1 Presentation 18 Itemized Deductions Medical & Dental Expe

515 Practice Problem 1 Presentation 19 Itemized Deductions Medical & Dental Expe

520 Practice Problem 1 Presentation 20 Itemized Deductions Taxes You Pay

522 Practice Problem 1 Presentation 21 Itemized Deductions Taxes You Pay Tax For

525 Practice Problem 1 Presentation 22 Itemized Deductions Interest you Pay

527 Practice Problem 1 Presentation 23 Itemized Deductions Interest you Pay Tax

530 Practice Problem 1 Presentation 24 Gifts to Charity

532 Practice Problem 1 Presentation 25 Gifts to Charity Tax Formula - Excel

535 Practice Problem 1 Presentation 26 Other Itemized Deductions ? Gamboling Los

537 Practice Problem 1 Presentation 27 Other Itemized Deductions ? Gamboling Los

Comprehensive Problem Part 4

610 Practice Problem 1 #28 Sch. C Business Setup Business Worksheet

615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustment

620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open It

621 Practice Problem 1 #31 Sch C Business Format Worksheet for Tax Adjustments

630 Practice Problem 1 #32 Sch C Business Auto Expense

635 Practice Problem 1 #33 Sch C Business Business Use of Home Office

645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insu

650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Incom

655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments

Comprehensive Problem Part 5

710 Practice Problem 1 #38 Child Tax Credit & Other Dependents Tax Credit

712 Practice Problem 1 #39 Child Tax Credit & Other Dependents Tax Credit Tax Fo

715 Practice Problem 1 #40 Education Credit

717 Practice Problem 1 #41 Education Credit Tax Formula - Excel

720 Practice Problem 1 #42 Child & Dependent Care Credit

722 Practice Problem 1 #43 Child & Dependent Care Credit Tax Formula - Excel

725 Practice Problem 1 #44 Residential Entergy Credit

727 Practice Problem 1 #45 Residential Energy Credit Tax Formula - Excel

Comprehensive Problem Part 6

805 Practice Problem 1 #45 Rental Property Sch E Setup Worksheet

810 Practice Problem 1 #46 Rental Property Sch E Depreciation

815 Practice Problem 1 #47 Rental Property Sch E Data Input

820 Practice Problem 1 #48 Rental Property Sch E Data Input Tax Formula - Excel

825 Practice Problem 1 #49 Diagnostic State & Local Tax (SALT) Deduction Limitat

Faculty Icon

Individual Income Tax Form 1040 Comprehensive Problem
 at 
UDEMY 
Faculty details

Robert (Bob) Steele
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer.

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Individual Income Tax Form 1040 Comprehensive Problem
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