Student Course Feedback: “Dr. Jacinto, you were a great instructor. Your lectures were clear, precise and showed real “teacher” abilities. You enunciate so well and very easy to understand and follow. Your organization was noteworthy and covered the material well. I thoroughly enjoyed the entire course. In fact, I’ve listened to your lectures twice.”
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2015 Tax Season Ends. A season of SAVINGS begin! Enjoy this course for $9 ($39 regular price) while it is being updated for next year’s (2016) tax season. See you inside!
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Income Tax Basic Training has one simple objective – and that is for you to be able to prepare & file your OWN federal & state income tax return by 04/15 by empowering you with the tools you need to understand & learn how US income tax system works.
The course is delivered in simple, no-nonsense and straightforward terms to take the intimidation factor away from dealing with “taxes” and promote an engaging learning environment.
All the materials you need to successfully complete the course are built-in. It’s loaded with supplemental resources and quizzes to reinforce learning. The course walks you through how to prepare a basic 1040 from the beginning to the end.
At the end of the course, you will understand how to calculate for your gross income subject to tax, adjusted gross income, the correct type of deduction to take: standard vs. itemized, the number of exemptions to claim, the credits that you may qualify for, your taxable income, tax liability, tax refund or tax due.
Save yourself an average of $200/year by filing your own federal & state income tax return every year. A research conducted by the National Society of Accountants showed that the average of professional tax preparation is $152 for a simple 1040 and $261 for a 1040 with Schedule A. More importantly, be in control of your own taxes by knowing why you pay what you do and learning and understanding how taxes work and affect you.
Your instructor promotes and encourages a lively class through the discussion forum. Expect her to respond to you within 24 hours or less.
Before you sign up, please refer to the target audience for this course to see that it is the right one for you.
Distinguish when you must or should file your federal income tax return.
What's difference between 1040EZ, 1040A and 1040.
Learn the 5 filing statuses and which is most appropriate for you.
Quiz Description
Learn the steps to calculate your taxable income & liability.
Learn if your income sources are taxable or nontaxable.
Learn about the forms that used to report common sources of income..
Use a Schedule C to report your income and expenses.
Capital assets - where capital gains and losses are reported. What are the loss limits? Capital gains in selling your main residence.
How and where is retirement income reported on your 1040.
Rental Income, Income from Partnerships, S Corporations & trusts - how are they reported.
Reporting unemployment benefits and how taxes can be withheld on benefits.
Calculate taxable portion of Social Security income.
Reporting other income sources.
How to calculate your TAX based on published income tax rates.
How to qualify for child and dependent care credits.
Types of Education Credits and the qualifying factors.
Criteria to qualify for child tax credit.