Tax Accounting Made Easy to Understand

Finally, an easy to understand tax accounting course. Taxes explained step by step.
Tax Accounting Made Easy to Understand
File Size :
1.29 GB
Total length :
1h 57m



Stefan Ignatovski, Ph.D.


Last update




Tax Accounting Made Easy to Understand

What you’ll 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)

Tax Accounting Made Easy to Understand


Basic Accounting Rules (Accounting 101)
Positive attitude
Get ready to take notes


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.


Section 1: Start Here

Lecture 1 Introduction to the course

Section 2: Tax Formula; Exemptions; Filing Status

Lecture 2 Tax Formula and Components

Lecture 3 Personal and Dependency Exemptions

Lecture 4 Exemptions Exercises

Section 3: Introduction to Tax Law

Lecture 5 Introduction to Tax Law

Section 4: Practice and Procedure of the Tax Law

Lecture 6 Practice and Procedures

Lecture 7 Reference Materials and Procedures

Section 5: Gross Income

Lecture 8 Gross Income – Items Included

Lecture 9 Gross Income – Items Excluded Part 1

Lecture 10 Gross Income – Items Excluded Part 2

Lecture 11 Gross Income: Application of Knowledge – Part 1

Lecture 12 Gross Income: Application of Knowledge – Part 2

Section 6: Deductions

Lecture 13 General Concepts about Deductions Part 1

Lecture 14 General concepts about Deductions Part 2

Lecture 15 Limitations and Disallowed Deductions

Lecture 16 Deductions – Application of Knowledge

Section 7: Business, Investment, and Passive Activity Losses

Lecture 17 Business and Investment Losses

Lecture 18 Passive Activity Losses

Lecture 19 Passive Activities and At-Risk – Application of Knowledge

Section 8: Itemized Deductions

Lecture 20 Itemized Deductions

Lecture 21 Itemized Deductions – Application of Knowledge

Section 9: Gains and Losses (Capital Assets)

Lecture 22 Realized VS. Recognized Gains and Losses; Determination of Basis

Lecture 23 Gains and Losses – Application of Knowledge

Section 10: Section 1231 Assets

Lecture 24 Classification of Assets; Holding Period; Baskets of Gains and Losses

Lecture 25 Knowledge Application – Part 1

Lecture 26 Section 1231 Assets (Section 1245 and 1250 Recapture Rules)

Lecture 27 Knowledge Application – Part 2

Section 11: Conclusion

Lecture 28 Conclusion and Thank You!

Individuals,Small business owners,Sole Proprietors ,CPA Candidates,Enrolled Agent Candidates,Accountants,Bookkeepers,Students

Course Information:

Udemy | English | 1h 57m | 1.29 GB
Created by: Stefan Ignatovski, Ph.D.

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