training material in Tax Preparation and Law 2019 2020 Income Tax

Description

training material in Tax Preparation and Law 2019 2020 Income Tax

training material in Tax Preparation and Law 2019 2020 Income Tax Excellent course training materials Tax Preparation and Law 2019 2020 – Income Tax composed just for you   save many hours in creating preparing training materials. Download our demonstrated training packages specially customized by our skilled team of mentors in all over the world.   Present your course with confidence now   Perform immaculate workshops every time with excellent specially customized material with all the notes and points that you want for your course.   Don’t worry about the cost, time and effort with our pre-composed training materials with the highest standers.   Edit your training materials as much as you want as we offer you an open source training materials   Concentrate on the presentation and we’ll handle the materials for you.   Our main goal is to furnish you with the most ideal courseware so you can present amazing courses and workshops.    

Training material description

training material in Tax Preparation and Law 2019 2020 Income Tax

Income tax preparation for tax year 2019 2020-Form 1040, supporting schedules, practice problems & tax materials We are in the process of updating this course. Current students will have access to the updates. We are very grateful for all the feedback and support we have received for this course from colleagues and learners. Income tax preparation and understanding for the year 2019 2020 including presentations, downloadable PDF files, practice problems, & and comprehensive problems with step by step instructions, answer keys, and materials. The course will introduce the concept of income tax, tax law, and how it is formatted. We will provide practical examples at every step along the way, giving learners visuals of how the system works, and practice problems to apply the concepts. We will discuss a large number of recent changes to income tax law needed for the filing year end 2019. Both laws and the format of tax forms have changed a lot from prior years. We will provide a visual of those changes so learners can fully understand them.

training material in Tax Preparation and Law 2019 2020 Income Tax

The course will walk through the steps of filling out a tax form. The tax form can be thought of as a kind of income statement or a tax formula. We will break down the formula into its components so that we can digest each small peace at a time. We will discuss the concept of filing status and dependents and how they affect the tax formula. The course will discuss what is included and not included in gross income for taxes. Items included in the gross income calculation may be subject to taxation. Items not included in gross income for taxes will not be subject to tax. We will discuss adjustments for adjusted gross income, often called above the line deductions. The course will cover the primary above the line deductions and provide practical examples of calculations. The course will discuss itemized deduction reported on schedule A. We will discuss the primary itemized deductions and provide practical examples of each. We will discuss the reporting of self-employment taxes using Schedule C and the related issues including self-employment tax (social security and Medicare) and the new 20% deduction many small businesses will be eligible for. The course will discuss the calculation of capital gains using Schedule D. We will provide practical examples of the calculation of capital gains. We will discuss the reporting of rental property using Schedule E and provide examples of reporting rental property. The course will discuss various credits including child tax credit, earned income credit, and education credits and provide examples of each. The course will have comprehensive problems allowing learners to work through the process of filling out a full tax return in a step by step process. Learners can use PDF tax forms provided in the course and available at the IRS website. We also work the problem using the accounting equation and provide learners pre-formatted Excel worksheet to follow along with this process.

Who this course is for:

Anybody who wants to learn tax law Anybody who wants to understand how to fill out taxes Tax and accounting students who want better explanation and practical examples of tax concepts using software, forms, and worksheets instead of just words  

for more

All Training Materials

follow us on social media

FacebookInstagramTwitter

Material drive offers you training course materials and training solutions you deserve.

   

Reviews

There are no reviews yet.

Be the first to review “training material in Tax Preparation and Law 2019 2020 Income Tax”

Your email address will not be published. Required fields are marked *