Tax Accounting Made Easy to Understand

Finally, an easy to understand tax accounting course. Taxes explained step by step.

4.46 (456 reviews)

Udemy

platform

English

language

Accounting & Bookkeeping

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)

Why take this course?

Learn everything about Tax Accounting in 2 hours.

What are my students saying:

"Much better than my $4,000 graduate course. Very interesting videos with a lot of information. I particularly like the videos for applying what I learned. Those questions are very good for understanding better."

"Thank you for an amazing course. I was so interested in tax accounting (strange, right?) I just kept pushing play. Great videos, very informative and engaging. I was not bored for even a minute. Most importantly, I learned a lot."

"The course is really informative. I like that the lectures are made with very interesting drawings and great visuals, instead of someone reading a power point. Good course."

"This course is very engaging, and surprisingly for a tax accounting, not boring at all. I wish I had courses like this during my college days. High quality videos, great exercises and application. This is a 10 stars course!"

"Wow! I cannot even begin to compare this course to the tax course I am taking at my university. Everything is very well explained, and not one information is omitted. I am so glad I found this course. Much, much easier to understand."

More about this course:

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.

Screenshots

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Reviews

Julianne

November 16, 2023

Throughout the presentation, the presenter's voice goes in and out and then he jumps to a table and you can't hear what he is saying

Alamuri

September 26, 2023

The Principles and rules in the course are based On USA constitution. This is not Indian Tax Accounting system course. That made me disappoint.?

Christine

April 7, 2023

The voice over on the exercises was choppy and incomplete. It should have been read in entirety and defined pauses for time to work out your answer before the answer is given.

Rinjo

March 29, 2023

The module is very engaging has a lot of practice exercises. This is really helpful in simulating the learners into applying the concepts taught in this module.

Elaine

January 22, 2023

Everything is out of date. This course should have been updated for the 2022 Filing Year so we don't get confused.

Joyce

January 18, 2023

Great information that is well organized. Concepts lead to the next topic logically. Lessons move along at a good speed and are easily paused to hear again or take notes. The sound is a bit muddy but I can hear it ok. Teacher speaks clearly and is easy to understand.

Meli

October 9, 2022

its does cover the step by step but maybe a pause before going to the next example so that i can take notes... what i am doing is pausing and writing down what i want to take a note on and then restarting, and also rewinding so that my note taking is accurate... that part i like... that i can pause and rewind but still a pause would be nice

Ming

April 30, 2021

The course covers a wide range of tax accounting topics in a compact and efficient way. Also, I like the "Knowledge Application" sections which are very helpful and engaging. The only complaint I have is that the audio quality of some of the earlier sections are really bad; I couldn't hear clearly even after I adjusted the volume to the maximum level. Overall, this is a useful and interesting course.

Fahim

February 19, 2021

Stephan is a very good explainer. Taxation simplified and easy to understand. Would surely recommend.

Paul

October 17, 2020

Audio seemed abrupt at times. I also needed a little more time to read the situations that needed to be read.

Sandra

August 30, 2020

The content is good but the screens are moving too fast to take notes. So, I just used the pause button a lot. It was a good course because it covered several important issues for me. I am happy I took the time to take the course and very thankful you offered it.

George

June 8, 2020

It needs improvement, for the True or False questions, if a question is false, we need to be provided with an explanation why it is false

Tiffany

March 25, 2020

The instructor gives many examples and speaks in very easy to understand terms. I like being able to pause to write my notes or go back in the video to clarify anything as I go through the course.

Jack

January 17, 2017

Much better than my $4,000 graduate course. Very interesting videos with a lot of information. I particularly like the videos for applying what I learned. Those questions are very good for understanding better.

Swan

January 15, 2017

The course provided a very good overview. There should be an expanded section on section 1231, 1245 and 1250 with examples to test the students knowledge. Also, there should also be an elaboration and explanation of of ACRS depreciation and MACRS depreciation. It will be helpful for students to see depreciation schedules under both methods showing the depreciable assets at cost, amount of depreciation taken for this year and the amount of depreciation left over for next year.

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Tax Accounting Made Easy to Understand - Distribution chart