Uthena

Course description

Income tax preparation and understanding for the year 2018 2019 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.

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

Course curriculum

  • 1

    Introduction

  • 2

    Tax Law Changes 2018

    • 2 Tax Law Changes 2018

      FREE PREVIEW

    • .10 Change In Form 1040

    • .12 Eliminate Personal & Depended Exception

    • PDF - .14 Increase in Standard Deduction

    • .14 Increase In Standard Deduction

    • PDF - .16 Decrease In Tax Brackets

    • .16 Decrease In Federal Income Tax Brackets

    • PDF - .18 Child Tax Credit

    • .18 Child Tax Credit Increase

    • PDF - .20 Limit On State & Local Tax Deduction

    • .20 Limit On State & Local Tax Deduction

    • PDF - .22 20% Pass-Through Tax Deduction

    • .22 20% Pass-Through Tax Deduction

    • .24 New Tax Credit For Other Dependents

    • PDF - .26 Limitation On Home Interest Deduction

    • .26 Limitation On Home Mortgage Interest Deduction

    • .28 Elimination of 2% Misc. Deduction & Casualty & Theft Losses

    • PDF - .30 Increase Alternative Minimum Tax Exemption

    • .30 Increase Alternative Minimum Tax (AMT) Exemption

    • Accounting Comic Break
  • 3

    Filing Status and Dependents

    • 205 Filing Status Federal Income Tax

      FREE PREVIEW

    • PDF - 205 Filing Status

    • PDF - 207 Tax Software Filing Status

    • 207 Tax Software Example Filing Status

    • PDF - 210 Dependents

    • 210 Dependents Federal Income Tax

    • PDF - 214 Tax Software Dependents

    • 214 Tax Software Dependents

    • PDF - 217 Standard Deduction

    • 217 Standard Deduction

    • PDF - 224 Penalties

    • 224 Penalties Federal Income Tax

    • Accounting Comic Break
  • 4

    Gross Income

    • PDF - 305 Gross Income Cash Method

    • 4 Gross Income

      FREE PREVIEW

    • 305 Gross Income Cash Method

    • PDF - 310 Interest Income

    • 310 Gross Income Interest Income

    • PDF - 314 Tax Software Interest Income

    • 314 Tax Software Interest Income

    • PDF - 316 Dividend Income

    • 316 Tax Income Dividend Income

    • PDF - 318 Tax Software Dividends

    • 318 Tax Income - Dividend Income

    • PDF - 320 Social Security Benefits

    • 320 Tax Income Social Security Benefits

    • PDF - 326 Other Kinds of Income

    • 4 Gross Income

    • 326 Tax Income Other Kinds Of Income

    • 328 Tax Software Other Kinds Of Income

    • PDF - 330 Refund From The State & Local Governments

    • 330 Tax Income Refund From The State & Local Governments

    • PDF - 340 Excluded From Gross Income Fringe Benefits

    • 330 Tax Software Refund From The State & Local Governments

    • 340 Excluded From Gross Income Fringe Benefits

    • Accounting Comic Break
  • 5

    Adjustments For AGI – Above The Line Deductions

    • 5 Adjustments For AGI – Above The Line Deductions

    • PDF - 405 Adjustments For Adjusted Gross Income Introduction

    • 405 Adjustments For Adjusted Gross Income Introduction

    • PDF - 408 Adjustments For AGI Student Loan Interest

    • 408 Adjustments For AGI Student Loan Interest

    • 409 Tax Software Adjustments For AGI Student Loan Interest

    • PDF - 417 Adjustments For AGI Half of Self-Employment Tax

    • 417 Adjustment For AGI Half of Self-Employment Tax

    • 420 Tax Software Adjustment For AGI Half of Self-Employment Tax

    • PDF - 423 Self-Employed Health Insurance

    • 423 Adjustment For AGI Self-Employed Health Insurance

    • 426 Tax Software Adjustment For AGI Self-Employed Health Insurance

    • PDF - 430 Adj For AGI Alimony

    • 430 Adjustment For AGI Alimony Paid

    • 433 Tax Software Adjustment For AGI Alimony Paid

    • PDF - 436 Adj For AGI Educator Expenses

    • 436 Adjustment For AGI Educator Expenses

    • 439 Tax Software Adjustment For AGI Educator Expenses

    • Accounting Comic Break
  • 6

    Itemized Deductions

    • 6 Itemized Deductions

      FREE PREVIEW

    • PDF - 505 Itemized Deduction - Medical Expenses

    • 505 Itemized Deduction Medical Expenses

    • PDF - 508 Itemized Deduction - State & Local Taxes

    • 508 Itemized Deductions State & Local Taxes

    • PDF - 512 Itemized Deduction - Interest

    • 512 Itemized Deduction Interest Payments

    • 515 Itemized Deductions Gifts to Charity

    • PDF - 518 Itemized Deduction - Casualty & Theft Losses

    • 518 Itemized Deductions Casualty & Theft Losses

    • PDF - 521 Itemized Deduction - Other Itemized Deductions

    • 521 Itemized Deductions Other Itemized Deductions

    • Accounting Comic Break
  • 7

    Self Employed Business Income Schedule C

    • 7 Self Employed Business Income Schedule C

      FREE PREVIEW

    • PDF - 605 Self Employed Income

    • 605 Self Employed Schedule C Income

    • 607 Self Employed Schedule C Income

    • PDF - 610 Self Employed Income Ordinary & Necessary Expense

    • 610 Ordinary & Necessary Trade or Business Expense

    • PDF - 615 Depreciation Expense

    • 615 Self-Employed Business Schedule C Depreciation

    • 616 Self-Employed Business Schedule C Depreciation

    • PDF - 618 Section 179 & Bonus Deduction Deduction

    • 618 Self-Employed Business Section 179 & Bonus Depreciation Deduction

    • PDF - 620 Luxury Automobile Limitations

    • 620 Luxury Automobile Limitations

    • 622 Tax Software Luxury Automobile Limitations

    • PDF - 625 Transportation & Travel

    • 625 Travel & Transportation

    • PDF - 628 Automobile Expenses

    • 628 Automobile Expenses

    • 629 Tax Software Automobile Expenses

    • PDF - 631 Business Use of Home

    • 631 Business Use Of Home

    • 633 Tax Software Business Use Of Home

    • PDF - 635 Education Expenses

    • 635 Education Expenses Deduction For Small Business

    • PDF - 638 Self Employment Tax

    • 638 Self Employment Tax

    • Accounting Comic Break
  • 8

    Capital Gains & Other Sales of Property - Schedule D

    • 8 Capital Gains & Other Sales of Property - Schedule D

      FREE PREVIEW

    • PDF - 705 Basis or Cost

    • 705 Property Sale Basis Or Cost

    • PDF - 708 Nature of Gains & Losses

    • 708 Nature of Gains & Losses & Tax Forms

    • PDF - 712 Capital Gains Rates

    • 712 Capital Gains Rates

    • PDF - 715 Section 1231 Gains and Losses

    • 715 Section 1231, 1245, & 1250 Gains & Losses

    • Accounting Comic Break
  • 9

    Rental Property - Schedule E

    • 9 Rental Property - Schedule E

      FREE PREVIEW

    • PDF - 800 Rental Property Overview

    • 800 Rental Property Overview

    • PDF - 805 Rental Property & Vacation Home

    • 805 Rental Property & Vacation Home

    • PDF - 808 Royalty Income

    • 808 Royalty Income

    • PDF - 812 Flow-Through Entities

    • 812 Flow Through Entities

    • Accounting Comic Break
  • 10

    Credits

    • 10 Credits

      FREE PREVIEW

    • PDF - 900 Child & Dependent Care Credit

    • 900 Child & Dependent Care Credit

    • PDF - 905 Credit For Elderly or Disabled

    • 905 Credit For Elderly or Disabled

    • PDF - 908 Education Credits

    • 908 Education Credits

    • Accounting Comic Break
  • 11

    1 Comp. Problem Individual Low Income W-2

    • 11 Comprehensive Problem - Single - Lower Income

      FREE PREVIEW

    • Documents - Dependents

    • 1 Comp. Problem Individual Low Income W-2

    • 2 Comp. Problem Individual Low Income Dependents Tax Software

    • 2.5 Comp. Problem Individual Low Income Dependents

    • 2.5 Comp. Problem Individual Low Income W-2 Excel

    • Documents - Interest & Income

    • 3 Comp. Problem Individual Low Income Interest Income Tax Software

    • Documents - Dividend Income

    • 4.5 Comp. Problem Individual Low Income Dividend Income

    • Documents - State Tax Refund & Gaming Income

    • 5 Comp. Problem Individual Low Income State Tax Refund & Gambling Income Software

    • 5.2 Comp. Problem Individual Low Income State Tax Refund & Gambling Income Excel

    • 5.5 Comp. Problem Individual Low Income State Tax Refund & Gambling Income

    • Documents - Student Loan Interest & Educator Expenses

    • 6 Comp. Problem Individual Low Income Student Loan Interest & Educator Expenses

    • 6.5 Comp. Problem Individual Low Income Student Loan Interest & Educator Expenses

    • Documents - Business Income

    • 7 Comp. Problem Individual Low Income Business Income Tax Software

    • 7.5 Comp. Problem Individual Low Income Business Income Excel

    • Documents - 9 Depreciation

    • 9 Comp. Problem Individual Low Income Equipment Depreciation Tax Software

    • 9.5 Comp. Problem Individual Low Income Equipment Depreciation Excel

    • Documents - 10 Auto Expense

    • 10 Comp. Problem Individual Low Income Auto Deduction Mileage Method Tax Software

    • 10.5 Comp. Problem Individual Low Income Auto Deduction Mileage Method Excel

    • Documents - 11 Business Use of Home

    • 11 Comp. Problem Individual Low Income Business Use of Home Tax Software

    • 11.5 Comp. Problem Individual Low Income Business Use of Home Excel

    • Documents - 12 Self Employed Health Insurance

    • 12 Comp. Problem Individual Low Income Self Employment Insurance Deduction Tax Software

    • 12.5 Comp. Problem Individual Low Income Self Employment Insurance Deduction Excel

    • Documents - 13 Capital Gains

    • 13 Comp. Problem Individual Low Income Capital Gains & Losses Tax Software

    • 13.5 Comp. Problem Individual Low Income Capital Gains & Losses Excel

    • Accounting Comic Break
  • 12

    Comprehensive Problem – Single Higher Income

    • 1 Comp. Problem Individual High Income W-2 Tax Software

      FREE PREVIEW

    • 1.5 Comp. Problem Individual High Income W-2 Excel

    • 2 Comp. Problem Individual High Income Dependents Tax Software

    • 2.5 Comp. Problem Individual High Income Dependents Excel

    • 3 Comp. Problem Individual High Income Interest Income Tax Software

    • 3.5 Comp. Problem Individual High Income Interest Income Excel

    • 4 Comp. Problem Individual High Income Dividend Income Tax Software

    • 4.5 Comp. Problem Individual High Income Dividend Income Excel

    • 5 Comp. Problem Individual High Income State Tax Refund & Gambling Income Tax Software

    • 5.5 Comp. Problem Individual High Income State Tax Refund & Gambling Income Excel

    • 6 Comp. Problem Individual High Income Student Loan Interest & Educator Expenses Tax Software

    • 6.5 Comp. Problem Individual High Income Student Loan Interest & Educator Expenses Excel

    • Accounting Comic Break

Meet your instructor!

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI


Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.  

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).  

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.  

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.  

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.  

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.  

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.  

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.  

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Take this course today!

"Tax Preparation and Law 2018 2019 - Income Tax"

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