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The 2022 Complete Tax Preparation Bundle

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11
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626

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Content
2.0 hours
Lessons
12

Money in Excel: Income Tax Sch. C & Personal Financials

Create Financial Reports & Complement Traditional Accounting Software Like QBO

By Robert Steele | in Online Courses

Money in Excel is an Excel template provided by Microsoft that has bank connectivity similar to many accounting software applications such a QuickBooks, bank connectivity allowing for the download of financial data directly from the financial institutions. This course will cover how to access the Money in Excel template and connect it to financial institutions, downloading financial data. The course will also cover other functions provided by Money in Excel including budgeting options and recurring transactions.

4.8/5 average rating: ★ ★ ★ ★

  • Access 12 lectures & 2 hours of content 24/7
  • Know what Money in Excel can be useful for
  • Set up the Money in Excel template
  • Connect Money in Excel to financial institutions
  • Add account or categories & subcategories to data
  • Sort business & personal data
  • Create an income statement that may be useful for taxes
  • Create a balance sheet or statement of net position
  • Use the Money in Excel budgeting template
"It's helped me when it comes to using money excel and generating income statement, linking bank statement use to generate report need in the business." – Angelica V.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Microsoft Office would be preferable

Course Outline

  • Your First Program
  • Introduction
    • 1050 What It Can Do For Us - 20:24
  • Create Excel Worksheet and Link to Financial Institution
    • 1100 Money In Excel Create Worksheet - 18:41
    • 1110 Money In Excel Connect Financial Institution - 10:55
  • Sort Transactions Data & Add Categories
    • 1115 Categories & Subcategories Income Items - 22:14
    • 1120 Categories & Subcategories Expense Items - 18:33
    • 1125 Accounts Numbers To Sort Data - 8:54
  • Income Statement Creation
    • 1130 Create Income Statement Options - 10:20
    • 1135 Create Income Statement Using Tables - 16:39
    • 1140 Create Income Statement Using Pivot Tables - 10:30
  • Balance Sheet or Net Worth, Budget, & Recurring Transactions
    • 1145 Net Work Template - 13:09
    • 1150 Budget Template - 11:31
    • 1155 Recurring Expenses Template - 8:10

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Lifetime
Content
3.0 hours
Lessons
21

S Corporation Income Tax (Form 1120S)

Learn to Enter Tax Data for an S Corporation into Form 1120S from CPA Robert Steele

By Robert Steele | in Online Courses

This course currently consists of a comprehensive problem showing the data input process of an S Corporation tax return into Form 1120S. With 21 lectures, this class covers Form 1120S format, M-1 adjustments, and reducing potential mistakes. The course will demonstrate how to enter the data into the tax forms in stages using an Excel worksheet and Lacerte Tax software. The tax forms can also be found on the IRS website.

4.9/5 average rating: ★ ★ ★ ★

  • Access 21 lectures & 3 hours of content 24/7
  • Use an Excel worksheet & tax software to support tax data input for an S corporation
  • Enter & track M-1 adjustments and Schedule K adjustments
  • Enter & review data for Form K-1
  • Know the comparison of social security & Medicare tax between an S corporation and a Schedule C Sole Proprietorship
"I am 100% satisfied. The information is very valuable. The comprehensive worksheet, all the processes, everything has been taken care of in this course. It is very engaging, very clear. " – Lidia I.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Any device with basic specifications

Course Outline

  • Project
    • Introduction - 6:00
    • Documents to Download
    • C1 S Corp Comprehensive Problem Part 1 Review Data - 15:22
    • C2 S Corp Comprehensive Problem Part 2 Worksheet - 20:58
    • C3 S Corp Comprehensive Problem Part 3 Information Data Input - 15:03
    • C4 S Corp Comprehensive Problem Part 4 Data Impute Balance Sheet - 17:05
    • C5 S Corp Comprehensive Problem Part 5 Data Impute Income Stmt. - 20:46
    • C6 S Corp Comprehensive Problem Part 6 Data Impute Distributions - 8:06
    • C7 S Corp Comprehensive Problem Part 7 Sch. Depreciation - 20:46
    • C8 S Corp Comprehensive Problem Part 8 Sch. K Adj Div & Int - 13:09
    • C9 S Corp Comprehensive Problem Part 9 Sch. K Charity Donation - 7:24
    • C10 S Corp Comprehensive Problem Part 10 M-1 Tax Exempt Interest - 5:31
    • C11 S Corp Comprehensive Problem Part 11 Officer Compensation - 9:30
    • C12 S Corp Comprehensive Problem Part 12 M-1 Meals - 7:57
    • C13 S Corp Comprehensive Problem Part 13 M-1 Bad Debt - 7:54
    • C14 S Corp Comprehensive Problem Part 14 COGS - 10:05
    • C15 S Corp Comprehensive Problem Part 15 Sch. K & M-1 - 10:26
    • C16 S Corp Comprehensive Problem Part 16 K-1 - 10:11
    • C17 S Corp Comprehensive Problem Part 17 - 6:26
    • C18 S Corp Comprehensive Problem Part 18 Diagnostics - 7:19
    • C19 S Corp Comprehensive Problem Part 19 Sch K To Form 1040 - 5:21

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Lifetime
Content
5.0 hours
Lessons
26

C Corporation Income Tax (Form 1120)

Systematically Go through the Input Process of Entering C Corporation Data into Form 1120

By Robert Steele | in Online Courses

With 26 lectures, this course will demonstrate how to enter the data into the tax 1120 forms in stages to reduce potential mistakes and to identify errors as they happen so they can be fixed as quickly as possible. It will cover doing data input and entering M-1 adjustments using Excel worksheets and Lacerte tax software. PDF files of tax forms are also provided so you can enter data directly into the tax forms as the lectures go.

4.4/5 average rating: ★ ★ ★ ★

  • Access 26 lectures & 5 hours of content 24/7
  • Enter tax data for a C Corporation into Form 1120
  • Minimize errors, isolate problems & remove the possibility of having to start the process all over again
  • Enter & track M-1 adjustments
  • Do data input using Excel worksheets & Lacerte tax software
"I love the course and the instructor. Preparing a C Corp tax return is tough, but this course makes it a lot easier than before." – Gerald S.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Any device with basic specifications

Course Outline

  • Project
    • Introduction - 8:11
    • Documents to Download
    • Comp 1 C Corporation Comprehensive Problem Part 1 Review Data - 9:21
    • Comp 2 C Corporation Comprehensive Problem Part 2 Excel Worksheet - 22:45
    • Comp 3 C Corporation Comprehensive Problem Part 3 Review Tax Return - 9:10
    • Comp 4 C Corporation Comprehensive Problem Part 4 Enter Beginning Balances - 15:40
    • Comp 5 C Corporation Comprehensive Problem Part 5 Depreciation - 15:16
    • Comp 6 C Corporation Comprehensive Problem Part 6 Balance Sheet - 12:13
    • Comp 7 C Corporation Comprehensive Problem Part 7 Income Statement - 22:13
    • Comp 8 C Corporation Comprehensive Problem Part 8 Retained Earning Reconciliation - 6:13
    • Comp 9 C Corporation Comprehensive Problem Part 9 Book Depreciation Adjusting Entry - 21:21
    • Comp 10 C Corporation Comprehensive Problem Part 10 M-1 Depreciation - 16:03
    • Comp 11 C Corporation Comprehensive Problem Part 11 M-1 Sale of Equipment - 22:07
    • Comp 12 C Corporation Comprehensive Problem Part 12 M-1 Federal Income Tax - 10:04
    • Comp 13 C Corporation Comprehensive Problem Part 13 Depreciation Fix Error - 16:32
    • Comp 14 C Corporation Comprehensive Problem Part 14 M-1 Meals - 6:21
    • Comp 15 C Corporation Comprehensive Problem Part 15 M-1 Bad Debt - 7:38
    • Comp 16 C Corporation Comprehensive Problem Part 16 M-1 Tax Exempt Interest - 6:44
    • Comp 17 C Corporation Comprehensive Problem Part 17 Sch. C Dividends - 10:02
    • Comp 18 C Corporation Comprehensive Problem Part 18 Sch. D Capital Gain - 7:51
    • Comp 19 C Corporation Comprehensive Problem Part 19 Capital Loss Carryover - 6:56
    • Comp 20 C Corporation Comprehensive Problem Part 20 Officer Compensation - 8:39
    • Comp 21 C Corporation Comprehensive Problem Part 21 Interest Income Adjustment - 4:35
    • Comp 22 C Corporation Comprehensive Problem Part 22 Cost Of Goods Sold - 19:43
    • Comp 23 C Corporation Comprehensive Problem Part 23 Estimated Payments - 8:47
    • Comp 24 C Corporation Comprehensive Problem Part 24 Review & Diagnostics - 23:51

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Lifetime
Content
4.0 hours
Lessons
45

Income Tax: Business Use of Home Deduction

Learn Income Tax Deduction for the Business Use of Your Home Using Tax Forms & Running Tax Scenarios

By Robert Steele | in Online Courses

The Income Tax: Business Use of Home Deduction course will discuss how you can qualify to take deductions for the business use of your home. With 4 hours of instruction, it will show how to calculate the business use of home deduction using actual expenses. It will explain rules specific to a daycare facility and run scenarios related to a daycare facility. You'll learn how to use the simplified method to calculate the business use of your home deduction and compare and contrast the simplified method to the actual expenses method. The course will also discuss how the business use of your home deduction could affect the sale or exchange of your home and deductions for business furniture and equipment.

4.6/5 average rating: ★ ★ ★ ★

  • Access 45 lectures & 4 hours of content 24/7
  • Learn tax benefits of the business use of your home deduction
  • Calculate the business use of your home deduction
  • Learn how & when to use the simplified method to calculate the business use of your home deduction
  • Know the best practices for recordkeeping related to the business use of your home deduction
"Great course!! Very informative. It reinforces the IRS Publications need to get the max allowable deductions to file accurately." – Natoca S.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Some understanding of US income tax law

Course Outline

  • Introduction
    • Documents to Download for Reference
    • PDF - 205 What’s New & Reminders
    • 205 What’s New & Reminders - 2:43
    • PDF - 208 Introduction
    • 208 Introduction - 15:34
  • Qualifying for the Deduction
    • PDF - 211 Qualifying for a Deduction
    • 211 Qualifying for a Deduction - 9:54
    • PDF - 214 Principal Place Of Business
    • 214 Principal Place Of Business - 14:02
    • PDF - 217 More Than One Trade or Business
    • 217 More Than One Trade or Business - 2:04
    • PDF - 221 Place To Meet Patients, Clients, or Customers
    • 221 Place To Meet Patients, Clients, or Customers - 2:53
  • Figuring the Deduction
    • PDF - 224 Figuring the Deduction
    • 224 Figuring the Deduction - 17:33
    • PDF - 227 Insurance, Repairs, Security, Utilities, Telephone
    • 227 Insurance, Repairs, Security, Utilities, Telephone - 14:58
    • PDF - 231 Depreciating Your Home
    • 231 Depreciating Your Home - 13:46
    • PDF - 232 Depreciating Your Home Example
    • 232 Depreciating Your Home Example - 9:43
    • PDF - 234 Business Percentage
    • 234 Business Percentage - 6:06
    • PDF - 237 Deduction Limit
    • 237 Deduction Limit - 13:40
  • Daycare Facility
    • PDF - 241 Using the Simplified Method
    • 241 Using the Simplified Method - 10:19
    • PDF - 244 Simplified Amount & Examples
    • 244 Simplified Amount & Examples - 23:01
  • Using the Simplified Method
    • PDF - 247 Daycare Facility
    • 247 Daycare Facility - 19:27
    • PDF - 251 Meals Daycare Facility
    • 251 Meals Daycare Facility - 8:48
  • Sale or Exchange of Your Home
    • PDF - 254 Sale or Exchange of Your Home
    • 254 Sale or Exchange of Your Home - 16:36
  • Business Furniture and Equipment
    • PDF - 257 Business Furniture and Equipment
    • 257 Business Furniture and Equipment - 9:26
    • PDF - 261 Property Bought for Business Use
    • 261 Property Bought for Business Use - 18:45
  • Recordkeeping
    • PDF - 267 Recordkeeping
    • 267 Recordkeeping - 9:47
  • Where to Deduct
    • PDF - 271 Where To Deduct
    • 271 Where To Deduct - 17:05
    • PDF - 274 Business Expenses for Use of Your Home
    • 274 Business Expenses for Use of Your Home - 7:26

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Lifetime
Content
3.0 hours
Lessons
37

Income Tax: Selling Your Home

Learn How to Accurately Calculate the Gain or Loss of a Home Sale

By Robert Steele | in Online Courses

This 3-hour course will discuss how you can calculate the gain or loss on a home sale. With an example of a closing statement, you'll learn to pull information from it to calculate the profit or loss while using accompanying Excel worksheets and example calculations. The course material will also use an example problem as a reference point while moving forward, zooming into specific parts of the total when applicable. You'll also delve into different scenarios that can complicate calculating home sale gain or loss, such as the home being destroyed, condemned, received in a divorce, received as a gift, or inherited.

4.4/5 average rating: ★ ★ ★ ★

  • Access 37 lectures & 3 hours of content 24/7
  • Understand the tax consequences of a home sale
  • Know the requirements to qualify for an exclusion of gain
  • Learn how to calculate the taxable amount & the gain or loss of home sale
"Instructor is very clear and easy to follow." – Nicole T.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Some understanding of US income tax law

Course Outline

  • Introduction
    • Documents to Download for Reference
    • 202 Example Problem – Documents, Forms, & Calculations - 24:04
    • 203 Worksheet 2 How to Figure Your Gain or Loss - 16:55
    • 204 Example Problem Tax Forms - 14:33
    • PDF - 205 Selling Your Home Introduction
    • 205 Selling Your Home Introduction - 1:22
  • Does Your Home Qualify for the Exclusion of Gain?
    • 208 Does Your Home Sale Qualify for the Exclusion of Gain - 11:31
    • PDF - 211 Eligibility Test
    • 211 Eligibility Test - 13:23
    • PDF - 214 Vacant Land Next To Home
    • 214 Vacant Land Next To Home - 3:26
    • PDF - 217 Like-Kind / 31 Exchange
    • 217 Like-Kind1031 Exchange - 3:36
    • PDF - 220 Final Determination of Eligibility
    • 220 Final Determination of Eligibility - 0:46
  • Does Your Home Qualify for a Partial Exclusion of Gain?
    • PDF - 223 Does Your Home Qualify for a Partial Exclusion of Gain
    • 223 Does Your Home Qualify for a Partial Exclusion of Gain - 5:34
    • PDF - 226 Worksheet to Find Your Exclusion Limit
    • 226 Worksheet to Find Your Exclusion Limit - 8:53
  • Figuring Gain or Loss
    • PDF - 229 Figuring Gain or Loss
    • 229 Figuring Gain or Loss - 7:08
    • PDF - 232 Improvements
    • 232 Improvements - 10:28
    • PDF - 235 Home Acquired Through a Trade
    • 235 Home Acquired Through a Trade - 1:53
  • Home Destroyed, Condemned, Received in Divorce
    • PDF - 241 Home Destroyed, Condemned, or Received in Divorce
    • 241 Home Destroyed, Condemned, or Received in Divorce - 4:07
  • How Much Is Taxable?
    • PDF - 244 Home Received as Gift, Home Inherited
    • 244 Home Received as Gift, Home Inherited - 15:43
    • PDF - 247 Business or Rental Use of Home
    • 247 Business or Rental Use of Home - 16:40
  • Home Received as Gift & Home Inherited
    • PDF - 250 How Much is Taxable
    • 250 How Much is Taxable - 8:47
  • Reporting Your Home Sale
    • PDF - 253 Reporting Your Home Sale
    • 253 Reporting Your Home Sale - 13:35
    • PDF - 256 Reporting Deductions Related to Your Home Sale
    • 256 Reporting Deductions Related to Your Home Sale - 6:40

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Lifetime
Content
9.0 hours
Lessons
112

Income Tax: Schedule C Small Business Sole Proprietor

Understand Small Business Schedule C Income Tax Preparation Using Actual Tax Forms as Examples

By Robert Steele | in Online Courses

This 9-hour course will discuss who is required to file a Schedule C for small business income and who is self-employed. Understand what self-employment tax is, how to calculate it, and how to report it. The course will cover which tax forms a self-employed business will generally need to file and how the forms are related to each other, using actual tax forms as an example. Understand the different accounting methods and periods, business income, and components of the cost of goods sold. The course will also discuss common business expenses, including car, depreciation, employees' pay, insurance, and rent deductions.

4.5/5 average rating: ★ ★ ★ ★

  • Access 112 lectures & 9 hours of content 24/7
  • Understand the new tax changes related to small businesses
  • Know what self-employment tax is, how to calculate it & how to report it
  • Learn different accounting methods & periods including the cash method and the accrual method
  • Know what is included in business income and the types of business income
  • Understand the components of the cost of goods sold & how to calculate the cost of goods sold
"Detailed course. Very helpful for those who are planning to start their business and registering the single-member LLC." – Saad F.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Some understanding of US income tax law

Course Outline

  • Introduction
    • 315 Tax Forms & Line Items Involved - 11:59
    • Documents to Download for Reference
    • 318 Sch. C Data Entry - 17:10
  • Are Your Self-Employed?
    • 321 Are You Self-Employed - 14:35
    • PDF - 324 Business Owned and Operated by Spouses
    • 324 Business Owned and Operated by Spouses - 5:34
  • What's New for 2018
    • PDF - 327 What's New for 2018 2019
    • 327 What's New for 2018 2019 - 15:15
  • Identification Numbers
    • PDF - 331 Identification Number
    • 331 Identification Number - 10:24
  • Self-Employment (SE) Tax
    • PDF - 334 Self-Employment (SE) Tax
    • 334 Self-Employment (SE) Tax - 14:42
  • Which Forms Must I File?
    • PDF - 337 Which Forms Must I File
    • 337 Which Forms Must I File - 7:09
  • Employment Taxes
    • PDF 341 Employment Taxes
    • 341 Employment Taxes - 8:12
  • Accounting Periods and Methods
    • PDF - 344 Accounting Periods and Methods Introduction
    • 344 Accounting Periods and Methods Introduction - 8:27
    • PDF - 347 Accounting Methods Cash Method
    • 347 Accounting Methods Cash Method - 16:37
    • PDF - 351 Accounting Methods Accrual Method
    • 351 Accounting Methods Accrual Method - 20:05
    • PDF - 355 Accounting Methods Combination Method
    • 355 Accounting Methods Combination Method - 3:27
    • PDF - 358 Accounting Methods Inventories
    • 358 Accounting Methods Inventories - 12:11
    • PDF - 361 Change in Accounting Method
    • 361 Change in Accounting Method - 2:43
  • Business Income
    • PDF 364 Business Income Introduction
    • 364 Business Income Introduction - 12:23
    • PDF - 367 Business Income Kinds of Income
    • 367 Business Income Kinds of Income - 2:12
    • PDF - 371 Business Income - Kinds of Income Bartering for Property or Services
    • 371 Business Income - Kinds of Income Bartering for Property or Services - 9:59
    • PDF - 374 Real Estate Rents
    • 374 Real Estate Rents - 9:01
    • PDF - 377 Personal Property Rents
    • 377 Personal Property Rents - 7:35
    • PDF - 381 Items That Are Not Income
    • 381 Items That Are Not Income - 12:57
  • Guidelines for Selected Occupations
    • PDF - 384 Guidelines for Selected Occupations
    • 384 Guidelines for Selected Occupations - 13:25
    • PDF - 387 Accounting for Your Income
    • 387 Accounting for Your Income - 7:54
  • How To Figure Cost of Goods Sold
    • PDF - 391 How To Figure Cost of Goods Sold Introduction
    • 391 How To Figure Cost of Goods Sold Introduction - 4:04
    • PDF - 394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42
    • 394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42 - 8:18
    • PDF - 397 Inventory at Beginning of Year
    • 397 Inventory at Beginning of Year - 10:51
    • PDF - 401 Purchases Less Cost of Items Withdrawn for Personal Use
    • 401 Purchases Less Cost of Items Withdrawn for Personal Use - 6:15
    • PDF - 404 How To Figure Cost of Goods Sold Cost of Labor
    • 404 How To Figure Cost of Goods Sold Cost of Labor - 6:13
    • PDF - 407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Inventory at End Year
    • 407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Inventory at End Year - 8:55
    • PDF - 411 Figuring Gross Profit
    • 411 Figuring Gross Profit - 18:46
  • Business Expenses
    • PDF - 414 Business Expenses Introduction
    • 414 Business Expenses Introduction - 7:17
    • PDF - 417 Car and Truck Expenses
    • 417 Car and Truck Expenses - 14:58
    • PDF - 421 Car and Truck Expenses
    • 421 Car and Truck Expenses - 13:18
    • PDF - 424 Depreciation
    • 424 Depreciation - 18:09
    • 427 Example - Depreciation - 12:35
    • PDF - 427 Employees' Pay
    • 427 Employees' Pay - 10:10
    • PDF - 427 Example - Employees' Pay
    • 427 Example - Employees' Pay - 9:57
    • 431 Insurance - 10:09
    • PDF - 432 Example Insurance
    • 432 Example Insurance - 9:00
    • PDF - 434 Interest Expense
    • 434 Interest Expense - 6:52
    • PDF - 437 Legal and Professional Fees
    • 437 Legal and Professional Fees - 3:43
    • PDF - 441 Pension Plans
    • 441 Pension Plans - 12:09
    • PDF - 444 Rent Expense
    • 444 Rent Expense - 10:25
    • PDF - 447 Taxes Deduction
    • 447 Taxes Deduction - 15:41
    • PDF - 451 Travel and Meals Deduction
    • 451 Travel and Meals Deduction - 5:51
    • PDF - 454 Business Use of Your Home
    • 454 Business Use of Your Home - 16:01
    • PDF - 455 Example - Business Use of Your Home
    • 455 Example - Business Use of Your Home - 14:14
    • PDF - 457 De Minimis Safe Harbor for Tangible Property
    • 457 De Minimis Safe Harbor for Tangible Property - 1:46
    • PDF - 461 Other ExpensesYou Can Deduct
    • 461 Other ExpensesYou Can Deduct - 4:14
    • PDF - 464 Expenses You Cannot Deduct
    • 464 Expenses You Cannot Deduct - 7:10
    • PDF - 467 Figuring Net Profit or Loss
    • 467 Figuring Net Profit or Loss - 3:54
    • PDF - 471 Excess Business Loss Limitation
    • 471 Excess Business Loss Limitation - 0:53
    • PDF - 474 Net Operating Losses (NOLs)
    • 474 Net Operating Losses (NOLs) - 4:53
    • PDF - 477 Not-for-Profit Activities
    • 477 Not-for-Profit Activities - 4:17
    • PDF - 481 Who Must Pay SE Tax
    • 481 Who Must Pay SE Tax - 8:06
    • PDF - 484 Special Rules and Exceptions
    • 484 Special Rules and Exceptions - 7:25
    • PDF - 487 Figuring Earnings Subject to SE Tax
    • 487 Figuring Earnings Subjet to SE Tax - 7:37
    • PDF - 491 Figuring Earnings Subject to SE Tax Regular Method
    • 491 Figuring Earnings Subject to SE Tax Regular Method - 3:42

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Access
Lifetime
Content
6.0 hours
Lessons
99

Individual Retirement Accounts (IRAs) & Taxes

Understand Traditional & Roth IRAs, the Tax Benefits of Each, and Practice Tax Planning

By Robert Steele | in Online Courses

This 6-hour course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios. Understand contribution limits to both traditional and Roth IRAs and how that contribution limits interplay with other types of retirement accounts. This course will also cover retirement savings contributions credits, including qualification credits and examples of reporting the credit using actual tax forms.

4.1/5 average rating: ★ ★ ★ ★

  • Access 99 lectures & 6 hours of content 24/7
  • Understand the tax benefits of traditional individual retirement accounts (IRAs) & their contribution limits
  • Know the tax benefits of Roth IRAs & their contribution limits
  • Compare & contrast traditional and Roth IRAs
  • Understand retirement savings contributions credits, including qualification credits & examples of how to report the credit using actual tax forms
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Some understanding of US income tax law

Course Outline

  • Introduction
    • Documents to Download for Reference
    • PDF - 210 What's New & Reminders
    • 205 (IRA) Individual Retirement Account - 4:37
    • 210 What's New & Reminders - 12:07
    • PDF - 214 Introduction
    • 214 Introduction - 7:44
    • PDF - 217 Table How Are a Traditional IRA and a Roth IRA Different
    • 217 Table How Are a Traditional IRA and a Roth IRA Different - 10:16
  • Traditional (IRAs) Individual Retirement Account
    • PDF - 305 Traditional IRAs Introduction & What Is Compensation
    • 305 Traditional IRAs Introduction & What Is Compensation - 10:50
    • PDF - 308 How Can a Traditional IRA Be Opened Introduction
    • 308 How Can a Traditional IRA Be Opened Introduction - 4:17
    • 308 How Can a Traditional IRA Be Opened - 4:17
    • PDF - 310 How Can a Traditional IRA Be Opened Individual Retirement Account
    • 310 How Can a Traditional IRA Be Opened Individual Retirement Account - 7:14
    • PDF - 314 Individual Retirement Annuity
    • 314 Individual Retirement Annuity - 4:07
    • PDF - 321 SIMPLE IRAs
    • 321 SIMPLE IRAs - 2:35
    • PDF - 324 Simplified Employee Pension (SEP)
    • 324 Simplified Employee Pension (SEP) - 2:51
    • PDF - 327 How Much Can Be Contributed
    • 327 How Much Can Be Contributed - 1:38
    • PDF - 331 General Limit
    • 331 General Limit - 6:59
    • PDF - 334 Kay Bailey Hutchison Spousal IRA Limit
    • 334 Kay Bailey Hutchison Spousal IRA Limit - 2:58
    • PDF - 337 Filing Status
    • 337 Filing Status - 4:46
    • PDF - 341 Less & More Than Maximum Contributions
    • 341 Less & More Than Maximum Contributions - 3:48
    • PDF - 344 When Can Contributions Be Made
    • 344 When Can Contributions Be Made - 12:27
    • PDF - 347 How Much Can You Deduct
    • 347 How Much Can You Deduct - 6:21
    • PDF - 351 Are You Covered by an Employer Plan
    • 351 Are You Covered by an Employer Plan - 13:48
    • PDF - 354 Limit if Covered by Employer Plan
    • 354 Limit if Covered by Employer Plan - 17:49
    • 354 Tax Software Limit if Covered by Employer Plan - 6:38
    • PDF - 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions
    • 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions - 4:02
    • PDF - 361 Nondeductible Contributions
    • 361 Nondeductible Contributions - 11:22
    • PDF - 364 Examples—Worksheet for Reduced IRA Deduction for 2018
    • 364 Examples—Worksheet for Reduced IRA Deduction for 2018 - 7:57
    • PDF - 367 What if You Inherit an IRA
    • 367 What if You Inherit an IRA - 9:29
    • PDF - 371 Can You Move Retirement Plan Assets
    • 371 Can You Move Retirement Plan Assets - 2:31
    • PDF - 374 Trustee-to-Trustee Transfer
    • 374 Trustee-to-Trustee Transfer - 2:33
    • PDF - 377 Can You Move Retirement Plan Assets Rollovers
    • 377 Can You Move Retirement Plan Assets Rollovers - 13:11
    • PDF - 381 Time Limit for Making a Rollover Contribution
    • 381 Time Limit for Making a Rollover Contribution - 14:30
    • PDF - 383 Rollover From One IRA Into Another
    • 383 Rollover From One IRA Into Another - 15:28
    • PDF - 387 Rollover From Employer's Plan Into an IRA
    • 387 Rollover From Employer's Plan Into an IRA - 17:38
    • PDF - 391 Rollover Chart
    • 391 Rollover Chart - 9:08
    • PDF - 394 Transfers Incident to Divorce
    • 394 Transfers Incident to Divorce - 6:42
    • PDF - 397 Converting From Any Traditional IRA Into a Roth IRA
    • 397 Converting From Any Traditional IRA Into a Roth IRA - 9:45
    • PDF - 407 When Can You Withdraw or Use Assets
    • 407 When Can You Withdraw or Use Assets - 3:03
    • PDF - 411 Contributions Returned Before Due Date of Return
    • 411 Contributions Returned Before Due Date of Return - 5:52
    • PDF - 414 Prohibited Transactions
    • 414 Prohibited Transactions - 3:55
    • PDF - 417 Prohibited Transactions
    • 417 Prohibited Transactions - 10:51
    • PDF - 421 Exempt Transactions
    • 421 Exempt Transactions - 2:55
    • PDF - 424 Investment in Collectibles
    • 424 Investment in Collectibles - 5:39
    • PDF - 427 Excess Contributions
    • 427 Excess Contributions - 14:33
    • PDF - 434 Reporting Additional Taxes
    • 434 Reporting Additional Taxes - 8:09
  • Roth (IRAs) - Roth Individual Retirement Account
    • PDF - 505 Roth IRAs Introduction
    • 505 Roth IRAs Introduction - 7:22
    • 510 What Is a Roth IRA - 11:55
    • PDF - 514 Can You Contribute to a Roth IRA
    • 514 Can You Contribute to a Roth IRA - 8:59
    • PDF - 517 How Much Can Be Contributed
    • 517 How Much Can Be Contributed - 7:06
    • PDF - 521 Table Effect of Modified AGI on Roth IRA Contribution
    • 521 Table Effect of Modified AGI on Roth IRA Contribution - 6:53
    • PDF - 524 When Can You Make Contributions & What if You Contribute Too Much
    • 524 When Can You Make Contributions & What if You Contribute Too Much - 8:54
    • PDF - 527 Can You Move Amounts Into a Roth IRA
    • 527 Can You Move Amounts Into a Roth IRA - 17:43
  • Retirement Savings Contributions Credit
    • PDF - 610 Contributions Credit What’s New & Introduction
    • 610 Contributions Credit What’s New & Introduction - 8:25
    • PDF - 615 Contributions Credit Can you claim the credit
    • 615 Contributions Credit Can you claim the credit - 10:51

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Lessons
36

QuickBooks Desktop Pro-Personal Tax Tracking Tricks

Learn & Practice QuickBooks Tax Tracking Methods & Have Well-Organized Year-End Tax Preparation Materials

By Robert Steele | in Online Courses

This four-hour course will teach you how to use QuickBooks to track personal tax items as well as business expenses easily so that you have year-end tax preparation materials in one well-organized place. With 36 lectures, you'll learn two methods for tracking personal tax items in your business QuickBooks file—one method working with equity draw accounts and the other utilizing QuickBooks classes. By the end of this course, you will also learn to use QuickBooks to track personal payments and business payments.

  • Access 36 lectures & 4 hours of content 24/7
  • Use equity draws accounts to track personal tax items in a business QuickBooks Desktop Pro 2019 file
  • Add, work with & explain how to use QuickBooks Desktop Pro 2019 classes
  • Use classes to track personal tax items in a business
  • Explain how the profit & loss statement is related to the equity section of the balance sheet
NOTE: Software NOT included.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Familiarity with QuickBooks and or accounting

Course Outline

  • Introduction
    • 110 Personal Tax Deductions Problem - 3:40
    • 120 Personal Tax Deductions Tracking Methods - 13:49
  • Equity Method - Using Draws Accounts To Categorize Personal Tax Items
    • Equity Method - Using Draws Accounts To Categorize Personal Tax Items - 0:53
    • QuickBooks Backup Links in Next Section - 0:09
    • QuickBooks Backup Files
    • Backup Files - Download & Restore - 4:35
    • PDF File To Download - 0:18
    • PDF File to Download
    • 510 Tax Deductions Tracking Equity Draws Account Method Overview - 10:37
    • 515 Tax Deductions Tracking Equity Draws Account Method Charitable Contributions Data Input - 15:22
    • 520 Tax Deductions Tracking Equity Draws Account Method Education - 9:20
    • 525 Tax Deductions Tracking Equity Draws Account Method Child Care - 11:27
    • 530 Tax Deductions Tracking Equity Draws Account Method Medical Costs - 12:35
    • 535 Tax Deductions Tracking Equity Draws Account Method Personal State Tax Costs - 10:43
    • 545 Tax Deductions Tracking Equity Draws Account Method Close Draws Accounts - 17:00
    • 545 Tax Deductions Tracking Equity Draws Account Method Subaccount - 7:35
    • 550 Tax Deductions Tracking Equity Draws Account Method Enter Data For Prior Months - 10:20
    • 555 Tax Deductions Tracking Equity Draws Account Method Bank Reconciliation - 14:54
  • Classes Account Method - Using Classes To Categorize Personal Tax Items
    • Classes Account Method - Using Classes To Categorize Personal Tax Items - 1:01
    • QuickBooks Backup Link - 0:09
    • Backup Files - Download & Restore - 4:35
    • PDF Bank Statement to Download - 0:18
    • 710 Tax Deductions Tracking Using Account Classes Method Overview - 15:57
    • 712 Tax Deductions Tracking Using Account Classes Method Set Up Classes - 7:32
    • 715 Tax Deductions Tracking Using Account Classes Method Charitable Contributions - 13:29
    • 720 Tax Deductions Tracking Using Account Classes Method Education - 7:45
    • 725 Tax Deductions Tracking Using Account Classes Method Child Care - 8:00
    • 730 Tax Deductions Tracking Using Account Classes Method Medical Costs - 11:01
    • 732 Tax Deductions Tracking Using Account Classes Method IRA Individual Retirement Account - 7:44
    • 735 Tax Deductions Tracking Using Account Classes Method Personal State Tax Costs - 5:12
    • 740 Tax Deductions Tracking Using Account Classes Method Subaccount - 12:34
    • 745 Classed Account Method Filter Reports by Classes - 15:55
    • 750 Tax Deductions Tracking Using Account Classes Method Bank Reconciliation - 9:24
  • Comparison - Equity Draws Method & Classes Account Method
    • Comparison - Equity Draws Method & Classes Account Method - 0:44
    • Backup Files Link - 0:09
    • 810 Personal Tax Deductions Tracking Methods Comparison - 18:26

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188

Tax Credits: Family & Dependent Tax Credits

Learn About the Earned Income Tax Credit, Child Tax Credit, Child & Dependent Care Credit, & More

By Robert Steele | in Online Courses

This course will provide a detailed look at some important tax credits, including a discussion of the amount of each tax credit and the qualifications to take it. In this course, you will be able to use tax software and forms to show how the tax credits are input into the tax forms and to test variations in qualifications for the tax credits including income limitations. Using tax software to experiment with different scenarios is a very effective way to learn about how tax credits actually operate.

5.0/5 average rating: ★ ★ ★ ★ ★

  • Access 188 lectures & 14 hours of content 24/7
  • Get a detailed look at & understand how tax credits work
  • Learn about the amount of the tax credits & the qualifications to take the tax credits
  • Use tax software & forms to show how the tax credits are input into the tax forms
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Any device with basic specifications

Course Outline

  • Earned Income Tax Credit
    • Earned Income Tax Credit - 2:44
    • Documents to Download for Reference
    • PDF - 205 What is The Earned Income Credit
    • 205 Earned Income Credit (EIC) What is The Earned Income Credit - 6:57
    • PDF - 207 To Take The EIC
    • 207 Earned Income Credit (EIC) To Take The EIC Steps - 34:10
    • PDF - 210 Can I Claim The EIC
    • 210 Earned Income Credit (EIC) Can I claim the Earned Income Credit - 11:12
    • PDF - 217 Do I have To Have
    • 217 Earned Income Credit (EIC) Do I have To Have A Child - 3:18
    • PDF - 219 Help WIth EIC
    • 219 Earned Income Credit (EIC) Help From IRS - 1:03
    • PDF - 220 What is New
    • 220 Earned Income Credit (EIC) What is New - 4:08
    • PDF - 223 Rules For Everyone 7 Rules Overview
    • 223 Earned Income Credit (EIC) Rules for Everyone 7 Rules Overview - 2:47
    • PDF - 226 AGI Limits
    • 226 Earned Income Credit (EIC) Adjusted Gross Income (AGI) Limits - 8:43
    • PDF - 229 Valid SSN
    • 229 Earned Income Credit (EIC) Must Have Valid Social Security Number - 7:07
    • PDF - 232 Filing Status Cannot be MFS
    • 232 Earned Income Credit (EIC) Filing Status Cannot be Married Filing Sparely MFS - 5:28
    • PDF - 235 Must Be a US Citizen or Resident Alien All Year
    • 235 Earned Income Credit (EIC) Must Be A US Citizen or Resident Alien All Year - 2:10
    • PDF - 238 Cannot FIle Form 2555 or 2555-EZ
    • 238 Earned Income Credit (EIC) Cannot File Form 2555 Or Form 2555-EZ - 2:06
    • PDF - 241 Investment Income Must Be 3,500 or Less
    • 241 Earned Income Credit (EIC) Investment Income Must Be 3,500 or Less - 6:05
    • PDF - 245 Must Have Earned Income
    • 245 Earned Income Credit (EIC) Must Have Earned Income - 23:13
    • PDF - 248 Earned Income Credit (EIC) Rules If You Have A Qualifying Child
    • 248 Earned Income Credit (EIC) Rules If You Have A Qualifying Child - 4:20
    • PDF - 251 Earned Income Credit (EIC) Special Instructions—EIC Worksheets
    • 251 Earned Income Credit (EIC) Special Instructions—EIC Worksheets - 6:59
    • PDF - 252 Earned Income Credit (EIC) Your Child Must Meet the Relationship, Age, Residency, and Joint Return
    • 252 Earned Income Credit (EIC) Your Child Must Meet the Relationship, Age, Residency, and Joint Retu - 1:12
    • PDF - 253 Relationship Test
    • 253 Earned Income Credit (EIC) Relationship Test - 4:53
    • PDF - 254 Schedule EIC
    • 254 Earned Income Credit (EIC) Schedule EIC - 3:11
    • PDF - 256 Age Test
    • 256 Earned Income Credit (EIC) Age Test - 12:00
    • PDF - 258 Earned Income Credit (EIC) Residency Test
    • 258 Earned Income Credit (EIC) Residency Test - 8:12
    • PDF - 259 Joint Return Test
    • 259 Earned Income Credit (EIC) Joint Return Test - 4:55
    • PDF - 260 Earned Income Credit (EIC) EIC Eligibility Checklist
    • 260 Earned Income Credit (EIC) EIC Eligibility Checklist - 8:22
    • PDF - 266 Earned Income Credit (EIC) Qualifying Child Cannot Be Used by More Than One Person to Claim EIC
    • 266 Earned Income Credit (EIC) Qualifying Child Cannot Be Used by More Than One Person to Claim EIC - 33:10
    • PDF - 287 Earned Income Credit (EIC) 2018 Earned Income Credit (EIC) Table
    • 287 Earned Income Credit (EIC) 2018 Earned Income Credit (EIC) Table - 5:09
    • 289 Tax Software Example Earned Income Credit EIC Income Level Tests HOH One Child - 13:02
    • 291 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Two Child - 12:23
    • 292 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Three Child - 14:21
    • 293 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios Even Income Split - 21:34
    • 293 Tax Software Example Earned Income Credit EIC Income Level Tests MFJ - 22:25
    • 294 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios Uneven Income Split - 21:28
  • Earned Income Tax Credit
    • 312 Limits on the CTC and ODC - 7:52
  • Child Tax Credit
    • Child Tax Credit - 2:15
    • PDF - 425 Child Tax Credit What’s New
    • 425 Child Tax Credit What’s New - 11:36
    • PDF - 430 Child Tax Credit Amount of Credit
    • 430 Child Tax Credit Amount of Credit - 11:09
    • PDF - 435 Tax Software Child Tax Credit Tax Software Simple Example
    • 435 Tax Software Child Tax Credit Tax Software Simple Example - 10:02
    • PDF - 437 Software Example Simple Wage Limits
    • 437 Software Example Simple Wage Limits - 12:41
    • PDF - 440 Child Tax Credit Improper Claims
    • 440 Child Tax Credit Improper Claims - 5:12
    • PDF - 445 Child Tax Credit Qualified Child
    • 445 Child Tax Credit Qualified Child - 9:34
    • PDF - 450 Tax Software Child Tax Credit Qualified Child
    • 450 Tax Software Child Tax Credit Qualified Child - 6:22
    • PDF - 455 Child Tax Credit How To Claim
    • 455 Child Tax Credit How To Claim - 7:44
    • PDF - 460 Child Tax Credit Additional Child Tax Credit
    • 460 Child Tax Credit Additional Child Tax Credit - 8:08
    • PDF - 462 Tax Software Child Tax Credit Additional Child Tax Credit
    • 462 Tax Software Child Tax Credit Additional Child Tax Credit - 19:55
    • PDF - 465 Child Tax Credit Worksheet
    • 465 Child Tax Credit Worksheet - 4:19
    • PDF - 470 Child Tax Credit How to Get Help
    • 470 Child Tax Credit How to Get Help - 8:23
    • PDF - 480 Child Tax Credit Questioner
    • 480 Child Tax Credit Questioner - 13:22
    • PDF - 485 Child Tax Credit Adopted Child
    • 485 Child Tax Credit Adopted Child - 2:53
    • PDF - 490 Child Tax Credit Adopted Child
    • 490 Child Tax Credit Adopted Child - 14:22
    • PDF - 492 Child Tax Credit Qualifying child of more than one person
    • 492 Child Tax Credit Qualifying child of more than one person - 16:18
    • 493 Tax Software Child Tax Credit Married Divorced Even Income - 19:24
    • 494 Tax Software Child Tax Credit Married Divorced Uneven Income - 9:35
  • Other Dependents Credit
    • Other Dependents Credit - 2:05
    • Documents to Download for Reference
    • PDF - 505 Credit for Other Dependents (ODC)
    • 505 Credit for Other Dependents (ODC) - 2:25
    • PDF - 508 Qualifying Person for Credit for Other Dependents (ODC)
    • 508 Qualifying Person for Credit for Other Dependents (ODC) - 2:31
    • PDF - 516 Dependents
    • 516 Dependents - 3:36
    • PDF - 520 Dependent Taxpayer Test
    • 520 Dependent Taxpayer Test - 1:14
    • PDF - 523 Joint Return Test
    • 523 Joint Return Test - 4:17
    • PDF - 524 Citizen or Resident Test
    • 524 Citizen or Resident Test - 2:28
    • PDF - 526 Qualifying Relative
    • 526 Qualifying Relative - 1:34
    • PDF - 529 Not a Qualifying Child Test
    • 529 Not a Qualifying Child Test - 8:02
    • PDF - 532 Member of Household or Relationship Test
    • 532 Member of Household or Relationship Test - 7:19
    • PDF - 536 Gross Income Test
    • 536 Gross Income Test - 4:23
    • PDF - 539 Support Test (To Be a Qualifying Relative)
    • 539 Support Test (To Be a Qualifying Relative) - 20:01
  • Child & Dependent Care Credit
    • Child & Dependent Care Credit - 0:54
    • PDF - 705 Can I Claim The Credit
    • 705 Can I Claim The Credit - 9:28
    • Who is a Qualifying Person
    • 710 Who is a Qualifying Person - 13:38
    • PDF - 712 Tax Software Who is a Qualifying Person
    • 712 Tax Software Who is a Qualifying Person - 3:53
    • PDF - 715 You Must Have Earned Income
    • 715 You Must Have Earned Income - 12:54
    • PDF - 717 Tax Software You Must Have Earned Income
    • 717 Tax Software You Must Have Earned Income - 8:03
    • PDF - 720 Flow Chart Can You Claim The Credit
    • 720 Flow Chart Can You Claim The Credit - 5:00
    • PDF - 723 Are These Work-Related Expenses
    • 723 Are These Work-Related Expenses - 9:49
    • PDF - 726 Care of Qualifying Person
    • 726 Care of Qualifying Person - 9:58
    • PDF - 729 Household Services
    • 729 Household Services - 6:07
    • PDF - 732 What’s Your Filing Status
    • 732 What’s Your Filing Status - 8:40
    • PDF - 735 Care Provider Identification Test
    • 735 Care Provider Identification Test - 8:33
    • PDF - 738 How To Figure the Credit
    • 738 How To Figure the Credit - 13:51
    • PDF - 741 Earned Income Limit
    • 741 Earned Income Limit - 17:00
    • PDF - 744 Dollar Limit
    • 744 Dollar Limit - 4:29
    • PDF - 749 Reduced Dollar Limit
    • 749 Reduced Dollar Limit - 6:39
    • PDF - 752 Amount of Credit
    • 752 Amount of Credit - 8:54
    • PDF - 755 How to Claim the Credit
    • 755 How to Claim the Credit - 8:05
    • PDF - 758 Household Employees
    • 758 Household Employees - 8:30
    • PDF - 760 Tax Software For 2441 Examples
    • 760 Tax Software For 2441 Examples - 11:49
  • Credit for Elderly or the Disabled
    • Credit for Elderly or the Disabled - 0:27
    • PDF - 905 Are You Eligible for the Credit
    • 905 Are You Eligible for the Credit - 3:20
    • PDF - 908 Qualified Individual
    • 908 Qualified Individual - 5:34
    • PDF - 911 U.S. Citizen or Resident Alien
    • 911 U.S. Citizen or Resident Alien - 2:05
    • PDF - 914 Married Persons
    • 914 Married Persons - 3:45
    • PDF - 917 Under Age 65
    • 917 Under Age 65 - 11:38
    • PDF - 921 Income Limits
    • 921 Income Limits - 3:56
    • PDF - 927 Tax Software Example of Sch R Calculation
    • 927 Tax Software Example of Sch R Calculation - 5:53
  • Adoption Credit
    • Adoption Credit - 0:26
    • Documents to Download for Reference
    • PDF - 955 Adoption Credit Overview
    • 955 Adoption Credit Overview - 7:15
    • PDF - 958 Adoption Credit What's New
    • 958 Adoption Credit What's New - 1:40
    • PDF - 961 Purpose of Form
    • 961 Purpose of Form - 9:41
    • PDF - 964 Definitions
    • 964 Definitions - 2:05
    • PDF - 967 Employer-Provided Adoption Benefits
    • 967 Employer-Provided Adoption Benefits - 18:46
    • PDF - 971 Who Can Take the Adoption Credit or Exclude Employer-Provided Adoption Benefits
    • 971 Who Can Take the Adoption Credit or Exclude Employer-Provided Adoption Benefits - 3:56
    • PDF - 974 When To Take the Credit or Exclusion
    • 974 When To Take the Credit or Exclusion - 8:20

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Lessons
27

QuickBooks Desktop #13 Tax Line Map & Export to Tax Software Lacerte

Set Up Tax Line Mapping for a Sole Proprietorship & S Corporation and Export Data to Tax Software

By Robert Steele | in Online Courses

The course will discuss options for getting access to QuickBooks desktop software including a free 30-day test period offered by Intuit, the owners of QuickBooks Desktop. Learners will know how to set up tax line mapping for a sole proprietorship and S Corporation, tax line mapping allowing users to export financial data from QuickBooks directly into the tax software. You will be using Lacerte tax software for our examples. Lacerte tax software is owned by Intuit and a 30-day free trial may be available to test out Lacerte tax software as well.

4.6/5 average rating: ★ ★ ★ ★

  • Access 27 lectures & 5 hours of content 24/7
  • Set up tax line mapping in the chart of accounts for a sole proprietorship
  • Export data from QuickBooks Desktop to tax software for an S Corporation
  • Export data from QuickBooks Desktop to Excel For an S Corporation
  • Enter adjusting entries & tax entries for an S Corporation
"It is a good match for anyone interested in bookkeeping and the instructor so far is clear and easily understood." – Faith N.
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Any device with basic specifications

Course Outline

  • Overview
    • 1205 Tax Line Mapping Overview - 17:08
  • Tax Line Mapping - Review Chart of Accounts for Sole Proprietorship
    • 1210 Tax Line Mapping Examine Chart of Accounts After setting up New QuickBooks File - 10:13
    • 1215 Tax Line Mapping Form 8829 Expenses for Business Use of Your Home - 8:00
  • Export From QuickBooks to Tax Software (Lacert) & Excel
    • 1220 Tax Line Mapping Export to Tax Software (Lacerte) - 22:11
    • 1225 Tax Line Mapping Export Trial Balance to Excel - 4:40
    • 1230 Tax Line Mapping Format Trail Balance in Excel - 13:12
  • Adjustment for Business Use of Home, Meals, & Charitable Contributions
    • 1235 Tax Line Mapping Tax Entry for Business Use of Home - 13:25
    • 1240 Tax Line Mapping Tax Entry for Meals - 8:33
    • 1245 Tax Line Mapping Charitable Contributions - 9:24
  • Tax Line Mapping For S Corporation Overview
    • 1250 Tax Line Mapping Setup New QuickBooks File S Corporation - 7:58
  • Add Accounts, Tax Mapping, & Data to QuickBooks
    • 1255 Tax Line Mapping Enter Accounts, Tax Mapping, & Data - 32:17
    • 1260 Tax Line Mapping Enter Account Balance Data - 11:18
  • Export From QuickBooks to Tax Software (Lacert) & Excel
    • 1265 Tax Line Mapping Export Data From QuickBooks to Tax Software - 13:35
    • 1270 Tax Line Mapping Export Data From QuickBooks to Excel S Corp - 4:42
    • 1275 Tax Line Mapping Format Tax & Adjusting Entry Excel Worksheet - 13:32
  • Adjusting Entries for Depreciation
    • 1280 Tax Line Mapping Adjusting Entry Depreciation Overview - 6:16
    • 1285 Tax Line Mapping Adjusting Entry Book Depreciation - 13:49
    • 1290 Tax Line Mapping Tax Entry Tax Depreciation - 8:36
  • Tax Line Mapping Export to Tax Software (Lacerte)
    • 1295 Tax Line Mapping Map Unassigned Accounts in Tax Software - 5:57
    • 1305 Tax Line Mapping Schedule K Adjustment for Dividend & Interest Income - 10:09
    • 1310 Tax Line Mapping Schedule K Adjustment Charitable Contributions - 6:30
  • M-1 Adjustments, Balance Sheet, & Officer Compensation
    • 1312 Tax Line Mapping Schedule M-1 Adjustment Meals - 6:52
    • 1315 Tax Line Mapping Schedule M-1 Reconciliation - 4:50
    • 1320 Tax Line Mapping Officer Compensation - 13:22
    • 1325 Tax Line Mapping Tax Balance Sheet Schedule L - 7:06
    • 1330 Tax Line Mapping Tax Exempt Interest Adjustment - 14:15
    • 1335 Tax Line Mapping Bad Debt M-1 Adjustment - 14:42

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4.0 hours
Lessons
23

Partnership Income Tax (Form 1065)

Correctly Enter & Review Tax Data for a Partnership Into Tax Form 1065

By Robert Steele | in Online Courses

Form 1065 is a vital tax document for business partnerships stating its profits, losses, deductions, and credits. This course will put together a systematic format of entering data into a Form 1065 that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again. Using a comprehensive problem will show the data input process, M-1 adjustment, data review, and more using Excel worksheets and Lacerte Tax software.

4.8/5 average rating: ★ ★ ★ ★

  • Access 23 lectures & 4 hours of content 24/7
  • Enter tax data for a Partnership into Form 1065
  • Use an Excel worksheet to support tax data input
  • Enter & track M-1 adjustments and Schedule K adjustments
"Awesome Course!! I just started using Lacerte, so this is perfect for me. However, it applies to users of any tax program as it teaches us not necessarily to rely on the programs (data entry style) and to understand Partnership returns" – Dominique
Robert (Bob) Steele | CPA, CGMA, M.S. Tax, CPI
4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: all levels
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Requirements

  • Any device with basic specifications

Course Outline

  • Project
    • Introduction - 5:47
    • Documents to Download
    • Comp 1 Partnership Comprehensive Problem Part 1 Review Data - 12:18
    • Comp 2 Partnership Comprehensive Problem Part 2 Excel Worksheet - 20:01
    • Comp 3 Partnership Comprehensive Problem Part 3 Review Tax Return - 7:07
    • Comp 4 Partnership Comprehensive Problem Part 4 Enter Beginning Balances - 12:08
    • Comp 5 Partnership Comprehensive Problem Part 5 Depreciation Schedules - 15:45
    • Comp 6 Partnership Comprehensive Problem Part 6 Balance Sheet - 8:58
    • Comp 7 Partnership Comprehensive Problem Part 7 Income Statement - 21:09
    • Comp 8 Partnership Comprehensive Problem Part 8 Balance The Balance Sheet - 6:14
    • Comp 9 Partnership Comprehensive Problem Part 9 Purchase of Equipment - 9:57
    • Comp 10 Partnership Comprehensive Problem Part 10 M-1 Depreciation - 18:29
    • Comp 11 Partnership Comprehensive Problem Part 11 M-1 Sale of Equipment - 19:05
    • Comp 12 Partnership Comprehensive Problem Part 12 Sch. K Dividend Income - 8:00
    • Comp 13 Partnership Comprehensive Problem Part 13 Sch. K Interest Income - 7:24
    • Comp 14 Partnership Comprehensive Problem Part 14 Sch. D Sale - 8:43
    • Comp 15 Partnership Comprehensive Problem Part 15 Sch. K Contributions - 5:35
    • Comp 16 Partnership Comprehensive Problem Part 16 M-1 Tax Exempt Interest - 6:42
    • Comp 17 Partnership Comprehensive Problem Part 17 M-1 Meals - 7:41
    • Comp 18 Partnership Comprehensive Problem Part 18 COGS - 6:26
    • Comp 19 Partnership Comprehensive Problem Part 19 Sch K-1 - 13:10
    • Comp 20 Partnership Comprehensive Problem Part 20 Diagnostics & Review - 19:43
    • Comp 21 Partnership Comprehensive Problem Part 21 K-1 To Form 1040 - 10:30

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Terms

  • Unredeemed licenses can be returned for store credit within 30 days of purchase. Once your license is redeemed, all sales are final.