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94

Tax Credits Family & Dependent Care

Learn About the Earned Income Tax Credit, Child Tax Credit, Child & Dependent Care Credit, & More

By Robert Steele CPA | in Online Courses

This course will provide a detailed look at some important tax credits, including a discussion of the amount of each tax credit and the qualifications to take it. In this course, you will be able to use tax software and forms to show how the tax credits are input into the tax forms and to test variations in qualifications for the tax credits including income limitations. Using tax software to experiment with different scenarios is a very effective way to learn about how tax credits actually operate.

  • Access 94 lectures & 13 hours of content 24/7
  • Get a detailed look at & understand how tax credits work
  • Get knowledge on the amount of the tax credits & the qualifications to take the tax credits
  • Use tax software & forms to show how the tax credits are input into the tax forms

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: advanced

System Requirements

  • PC or Mac
  • Internet required

Course Outline

  • Family Tax Credits
    • 248 Earned Income Credit (EIC) Rules If You Have A Qualifying Child - 4:20
    • 430 Child Tax Credit Amount of Credit - 11:09
    • 291 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Two Child - 12:23
    • 241 Earned Income Credit (EIC) Investment Income Must Be 3,500 or Less - 6:05
    • 252 Earned Income Credit (EIC) Your Child Must Meet the Relationship, Age, Residency, and Joint Retu - 1:12
    • 238 Earned Income Credit (EIC) Cannot File Form 2555 Or Form 2555-EZ - 2:06
    • 450 Tax Software Child Tax Credit Qualified Child - 6:22
    • 480 Child Tax Credit Questioner - 13:22
    • 235 Earned Income Credit (EIC) Must Be A US Citizen or Resident Alien All Year - 2:10
    • 266 Earned Income Credit (EIC) Qualifying Child Cannot Be Used by More Than One Person to Claim EIC - 33:10
    • 210 Earned Income Credit (EIC) Can I claim the Earned Income Credit - 11:12
    • 253 Earned Income Credit (EIC) Relationship Test - 4:53
    • 462 Tax Software Child Tax Credit Additional Child Tax Credit - 19:55
    • 256 Earned Income Credit (EIC) Age Test - 12:00
    • 258 Earned Income Credit (EIC) Residency Test - 8:12
    • 292 Tax Software Example Earned Income Credit EIC Income Level Tests HOH Three Child - 14:21
    • 289 Tax Software Example Earned Income Credit EIC Income Level Tests HOH One Child - 13:02
    • 220 Earned Income Credit (EIC) What is New - 4:08
    • 219 Earned Income Credit (EIC) Help From IRS - 1:03
    • 245 Earned Income Credit (EIC) Must Have Earned Income - 23:13
    • 529 Not a Qualifying Child Test - 8:02
    • 425 Child Tax Credit What’s New - 11:36
    • 293 Tax Software Example Earned Income Credit EIC Income Level Tests MFJ - 22:25
    • 259 Earned Income Credit (EIC) Joint Return Test - 4:55
    • 524 Citizen or Resident Test - 2:28
    • 217 Earned Income Credit (EIC) Do I have To Have A Child - 3:18
    • 735 Care Provider Identification Test - 8:33
    • 294 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios Uneven Income Split - 21:28
    • 205 Earned Income Credit (EIC) What is The Earned Income Credit - 6:57
    • 251 Earned Income Credit (EIC) Special Instructions—EIC Worksheets - 6:59
    • 493 Tax Software Child Tax Credit Married Divorced Even Income - 19:24
    • 921 Income Limits - 3:56
    • 207 Earned Income Credit (EIC) To Take The EIC Steps - 34:10
    • 505 Credit for Other Dependents (ODC) - 2:25
    • 470 Child Tax Credit How to Get Help - 8:23
    • 455 Child Tax Credit How To Claim - 7:44
    • 492 Child Tax Credit Qualifying child of more than one person - 16:18
    • 712 Tax Software Who is a Qualifying Person - 3:53
    • 437 Software Example Simple Wage Limits - 12:41
    • 539 Support Test (To Be a Qualifying Relative) - 20:01
    • 223 Earned Income Credit (EIC) Rules for Everyone 7 Rules Overview - 2:47
    • 955 Adoption Credit Overview - 7:15
    • 287 Earned Income Credit (EIC) 2018 Earned Income Credit (EIC) Table - 5:09
    • 914 Married Persons - 3:45
    • 720 Flow Chart Can You Claim The Credit - 5:00
    • 741 Earned Income Limit - 17:00
    • 536 Gross Income Test - 4:23
    • 905 Are You Eligible for the Credit - 3:20
    • 516 Dependents - 3:36
    • 710 Who is a Qualifying Person - 13:38
    • 445 Child Tax Credit Qualified Child - 9:34
    • 460 Child Tax Credit Additional Child Tax Credit - 8:08
    • 729 Household Services - 6:07
    • 229 Earned Income Credit (EIC) Must Have Valid Social Security Number - 7:07
    • 758 Household Employees - 8:30
    • 485 Child Tax Credit Adopted Child - 2:53
    • 526 Qualifying Relative - 1:34
    • 508 Qualifying Person for Credit for Other Dependents (ODC) - 2:31
    • 532 Member of Household or Relationship Test - 7:19
    • 465 Child Tax Credit Worksheet - 4:19
    • 490 Child Tax Credit Adopted Child - 14:22
    • 749 Reduced Dollar Limit - 6:39
    • 715 You Must Have Earned Income - 12:54
    • 964 Definitions - 2:05
    • 917 Under Age 65 - 11:38
    • 523 Joint Return Test - 4:17
    • 254 Earned Income Credit (EIC) Schedule EIC - 3:11
    • 971 Who Can Take the Adoption Credit or Exclude Employer-Provided Adoption Benefits - 3:56
    • 435 Tax Software Child Tax Credit Tax Software Simple Example - 10:02
    • 260 Earned Income Credit (EIC) EIC Eligibility Checklist - 8:22
    • 974 When To Take the Credit or Exclusion - 8:20
    • 738 How To Figure the Credit - 13:51
    • 723 Are These Work-Related Expenses - 9:49
    • 760 Tax Software For 2441 Examples - 11:49
    • 226 Earned Income Credit (EIC) Adjusted Gross Income (AGI) Limits - 8:43
    • 752 Amount of Credit - 8:54
    • 717 Tax Software You Must Have Earned Income - 8:03
    • 961 Purpose of Form - 9:41
    • 440 Child Tax Credit Improper Claims - 5:12
    • 293 Tax Software Example Earned Income Credit (EIC) Married Divorce Scenarios Even Income Split - 21:34
    • 967 Employer-Provided Adoption Benefits - 18:46
    • 232 Earned Income Credit (EIC) Filing Status Cannot be Married Filing Sparely MFS - 5:28
    • 744 Dollar Limit - 4:29
    • 520 Dependent Taxpayer Test - 1:14
    • 908 Qualified Individual - 5:34
    • 958 Adoption Credit What's New - 1:40
    • 705 Can I Claim The Credit - 9:28
    • 732 What’s Your Filing Status - 8:40
    • 755 How to Claim the Credit - 8:05
    • 726 Care of Qualifying Person - 9:58
    • 911 U.S. Citizen or Resident Alien - 2:05
    • 312 Limits on the CTC and ODC - 7:52
    • 494 Tax Software Child Tax Credit Married Divorced Uneven Income - 9:35
    • 927 Tax Software Example of Sch R Calculation - 5:53

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9 hours
Lessons
66

Education Tax Credits

Understand Education Tax Credits & Benefits

By Robert Steele CPA | in Online Courses

This education tax credits and education tax benefits course will discuss tax benefits related to education, focusing on education tax credits including the American Opportunity Tax Credit and the Lifetime Learning tax credit. The course will describe the benefits of the American Opportunity Tax Credit, giving practical examples using actual tax forms. This 9-hour course will also discuss the deduction for student loan interest, describing circumstances where student loan interest is deductible. You will also learn the tax benefits of a Coverdell Education Savings Accounts (ESA) and a Qualified Tuition Program (QTP) and how they work with education credits.

  • Access 66 lectures & 9 hours of content 24/7
  • Know the benefits of the American Opportunity Tax Credit & try practical examples using actual tax forms
  • Learn how the Lifetime Learning Tax Credit reacts to different tax circumstances
  • Know how the American Opportunity tax credit & Lifetime Learning tax credit interact with each other and how to maximize tax benefits
  • Understand the deduction for student loan interest & the circumstances where student loan interest is deductible
  • Learn how a Coverdell Education Savings Account (ESA) & a Qualified Tuition Program (QTP) works with education credits

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: advanced

System Requirements

  • Internet required
  • Some understanding of US income tax law

Course Outline

  • Education Tax Credits
    • 508 Reminders - 13:44
    • 528 Veterans' Benefits - 2:52
    • 517 Tax-Free Scholarships and Fellowship Grants - 14:11
    • 641 Adjustments to Qualified Education Expenses Examples - 30:07
    • 608 Introduction - 11:45
    • 725 Adjustments to Qualified Education Expenses - 22:10
    • 905 Introduction - 9:11
    • 804 Effect of the Amount of Your Income on the Amount of Your Deduction - 11:50
    • 631 No Double Benefit Allowed - 3:54
    • 970 Coordination With American Opportunity & Lifetime Learning Credits - 7:19
    • 644 Expenses That Don't Qualify - 4:56
    • 728 Coordination with Pell grants and other scholar-ships - 5:50
    • 521 Reporting Scholarships and Fellowship Grants - 6:26
    • 717 Qualified Education Expenses - 7:24
    • 731 Expenses That Don't Qualify - 5:44
    • 721 No Double Benefit Allowed - 4:53
    • 532 Qualified Tuition Reduction - 10:59
    • 614 Can You Claim the Credit - 16:41
    • 973 Rollovers and Other Transfers - 5:25
    • 958 Introduction - 6:59
    • 714 What Expenses Qualify - 4:56
    • 658 Figuring the Credit - 14:51
    • 915 Contributions - 6:47
    • 624 Table - Can You Claim the Credit - 7:20
    • 809 Qualified Education Expenses - 5:05
    • 927 Distributions - 11:07
    • 711 Who Can't Claim the Credit - 3:33
    • 812 Adjustments to Qualified Education Expenses - 2:22
    • 967 Are Distributions Taxable - 11:15
    • 651 Table - Who Is an Eligible Student - 4:35
    • 655 Who Can Claim a Dependent’s Expenses - 10:12
    • 741 Effect of the Amount of Your Income on the Amount of Your Credit - 11:58
    • 908 What Is a Coverdell ESA - 5:13
    • 802 Can You Claim the Deduction - 10:32
    • 912 Qualified Education Expenses - 10:21
    • 636 Adjustments to Qualified Education Expenses - 14:11
    • 738 Figuring the Credit - 13:07
    • 605 Reminders - 7:51
    • 525 Other Types of Educational Assistance - 1:29
    • 514 Scholarships and Fellowship Grants - 2:17
    • 964 How Much Can You Contribute - 3:19
    • 617 American Opportunity Credit Who Can't Claim the Credit - 5:14
    • 511 Scholarships, Fellowship Grants, Grants, and Tuition Reductions Introduction - 4:13
    • 805 Student Loan Interest Defined - 10:33
    • 819 Allocating Payments Between Interest and Principal - 6:34
    • 621 What Expenses Qualify - 5:33
    • 661 Effect of the Amount of Your Income on the Amount of Your Credit - 11:19
    • 933 Coordination With Qualified Tuition Program (QTP) Distributions - 4:18
    • 803 Figuring the Deduction - 12:00
    • 955 What’s New - 1:18
    • 816 Include as Interest - 3:20
    • 708 Can You Claim the Credit - 9:16
    • 505 What’s New - 10:31
    • 930 Coordination With American Opportunity and Lifetime Learning Credits - 5:37
    • 918 Contribution Limits - 5:50
    • 924 Rollovers and Other Transfers - 7:08
    • 735 Who Can Claim a Dependent's Expenses - 9:54
    • 921 Additional Tax on Excess Contributions - 5:22
    • 823 Don't Include as Interest - 2:14
    • 961 What Is a Qualified Tuition Program - 10:29
    • 705 Introduction - 10:14
    • 729 Examples – Include or Exclude Scholarship in Income - 14:14
    • 647 Who Is an Eligible Student - 10:24
    • 611 Table-Overview of Credit - 11:54
    • 627 Qualified Education Expense - 9:29
    • 664 Refundable Part of Credit - 10:03

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4 hours
Lessons
23

Income Tax Business Use of Home Deduction

Learn Income Tax Deduction for the Business Use of Your Home Using Tax Forms & Running Tax Scenarios

By Robert Steele CPA | in Online Courses

The Income Tax Business Use of Home Deduction course will discuss how you can qualify to take deductions for the business use of your home. This 4-hour course will show how to calculate the business use of home deduction using actual expenses. The course will explain rules specific to a daycare facility and run scenarios related to a daycare facility. You'll learn how to use the simplified method to calculate the business use of your home deduction and compare and contrast the simplified method to the actual expenses method. The course will also discuss how the business use of your home deduction could affect the sale or exchange of your home and deductions for business furniture and equipment.

  • Access 23 lectures & 4 hours of content 24/7
  • Learn tax benefits of the business use of your home deduction
  • Know to calculate the business use of your home deduction
  • Learn how & when to use the simplified method to calculate the business use of your home deduction
  • Know the best practices for recordkeeping related to the business use of your home deduction

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web & mobile streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: advanced

System Requirements

  • Internet required
  • Some understanding of US income tax law

Course Outline

  • First Section
    • New Lecture
    • 254 Sale or Exchange of Your Home - 16:36
    • 231 Depreciating Your Home - 13:46
    • 261 Property Bought for Business Use - 18:45
    • 208 Introduction - 15:34
    • 224 Figuring the Deduction - 17:33
    • 232 Depreciating Your Home Example - 9:43
    • 205 What’s New & Reminders - 2:43
    • 267 Recordkeeping - 9:47
    • 217 More Than One Trade or Business - 2:04
    • 221 Place To Meet Patients, Clients, or Customers - 2:53
    • 241 Using the Simplified Method - 10:19
    • 214 Principal Place Of Business - 14:02
    • 257 Business Furniture and Equipment - 9:26
    • 244 Simplified Amount & Examples - 23:01
    • 247 Daycare Facility - 19:27
    • 234 Business Percentage - 6:06
    • 251 Meals Daycare Facility - 8:48
    • 237 Deduction Limit - 13:40
    • 211 Qualifying for a Deduction - 9:54
    • 227 Insurance, Repairs, Security, Utilities, Telephone - 14:58
    • 271 Where To Deduct - 17:05
    • 274 Business Expenses for Use of Your Home - 7:26

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6 hours
Lessons
21

Income Tax: Selling Your Home

Understand Tax of Home Sale-Exclusion Qualifications, Gain on Sale Calculation, Basis Calculation, & Data Entry to Tax Forms

By Robert Steele CPA | in Online Courses

This 6-hour course will discuss how you can calculate the gain or loss on a home sale. You'll be given an example of a closing statement and learn how to pull information from it to calculate the gain or loss while using accompanying Excel worksheets and example calculations. The course material will use an example problem as a reference point while moving forward, zooming into specific parts of the calculation when applicable. You'll also delve into different scenarios that can complicate calculating home sale gain or loss such as the home being destroyed, condemned, received in a divorce, received as a gift or inherited.

  • Access 21 lectures & 6 hours of content 24/7
  • Understand the tax consequences of a home sale
  • Know the requirements to qualify for an exclusion of gain
  • Learn how to calculate the taxable amount & the gain or loss of home sale

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: basic

System Requirements

  • Internet required
  • Some understanding of US income tax law

Course Outline

  • Income Tax Selling Your Home
    • 250 How Much is Taxable - 8:47
    • 235 Home Acquired Through a Trade - 1:53
    • 226 Worksheet to Find Your Exclusion Limit - 8:53
    • 220 Final Determination of Eligibility - 0:46
    • 205 Selling Your Home Introduction - 1:22
    • 211 Eligibility Test - 13:23
    • 241 Home Destroyed, Condemned, or Received in Divorce - 4:07
    • 204 Example Problem Tax Forms - 14:33
    • 232 Improvements - 10:28
    • 208 Does Your Home Sale Qualify for the Exclusion of Gain - 11:31
    • 202 Example Problem – Documents, Forms, & Calculations - 24:04
    • 229 Figuring Gain or Loss - 7:08
    • 256 Reporting Deductions Related to Your Home Sale - 6:40
    • 223 Does Your Home Qualify for a Partial Exclusion of Gain - 5:34
    • 247 Business or Rental Use of Home - 16:40
    • 244 Home Received as Gift, Home Inherited - 15:43
    • 214 Vacant Land Next To Home - 3:26
    • Selling Your Home YouTube - 172:46
    • 253 Reporting Your Home Sale - 13:35
    • 217 Like-Kind1031 Exchange - 3:36
    • 203 Worksheet 2 How to Figure Your Gain or Loss - 16:55

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9 hours
Lessons
59

Income Tax: Schedule C Small Business

Understand Small Business Schedule C Income Tax Preparation Using Actual Tax Forms as Examples

By Robert Steele CPA | in Online Courses

This 9-hour course will discuss who is required to file a Schedule C for small business income and who is self-employed. Understand what self-employment tax is, how to calculate it, and how to report it. The course will cover which tax forms a self-employed business will generally need to file and how the forms are related to each other, using actual tax forms as an example. Understand the different accounting methods and periods, business income, and components of the cost of goods sold. The course will discuss many common business expenses including car, depreciation, employee's pay, insurance, and rent deductions

  • Access 59 lectures & 9 hours of content 24/7
  • Understand the new tax changes related to small businesses
  • Know what self-employment tax is, how to calculate it & how to report it
  • Learn different accounting methods & periods including the cash method and the accrual method
  • Know what is included in business income and the types of business income
  • Understand the components of cost of goods sold & how to calculate the cost of goods sold

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: intermediate

System Requirements

  • PC or Mac
  • Internet access required

Course Outline

  • Schedule C Small Business Sole Proprietor
    • 355 Accounting Methods Combination Method - 3:27
    • 391 How To Figure Cost of Goods Sold Introduction - 4:04
    • 321 Are You Self-Employed - 14:35
    • 377 Personal Property Rents - 7:35
    • 421 Car and Truck Expenses - 13:18
    • 427 Example - Employees' Pay - 9:57
    • 341 Employment Taxes - 8:12
    • 337 Which Forms Must I File - 7:09
    • 387 Accounting for Your Income - 7:54
    • 331 Identification Number - 10:24
    • 394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42 - 8:18
    • 437 Legal and Professional Fees - 3:43
    • 364 Business Income Introduction - 12:23
    • 411 Figuring Gross Profit - 18:46
    • 367 Business Income Kinds of Income - 2:12
    • 361 Change in Accounting Method - 2:43
    • 444 Rent Expense - 10:25
    • 464 Expenses You Cannot Deduct - 7:10
    • 427 Example - Depreciation - 12:35
    • 327 What's New for 2018 2019 - 15:15
    • 324 Business Owned and Operated by Spouses - 5:34
    • 344 Accounting Periods and Methods Introduction - 8:27
    • 447 Taxes Deduction - 15:41
    • 407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Inventory at End Year - 8:55
    • 351 Accounting Methods Accrual Method - 20:05
    • 374 Real Estate Rents - 9:01
    • 481 Who Must Pay SE Tax - 8:06
    • 384 Guidelines for Selected Occupations - 13:25
    • 347 Accounting Methods Cash Method - 16:37
    • 310 Overview of Course Project - 9:51
    • 454 Business Use of Your Home - 16:01
    • 487 Figuring Earnings Subjet to SE Tax - 7:37
    • 358 Accounting Methods Inventories - 12:11
    • 491 Figuring Earnings Subject to SE Tax Regular Method - 3:42
    • 441 Pension Plans - 12:09
    • 334 Self-Employment (SE) Tax - 14:42
    • 434 Interest Expense - 6:52
    • 371 Business Income - Kinds of Income Bartering for Property or Services - 9:59
    • 474 Net Operating Losses (NOLs) - 4:53
    • 457 De Minimis Safe Harbor for Tangible Property - 1:46
    • 451 Travel and Meals Deduction - 5:51
    • 401 Purchases Less Cost of Items Withdrawn for Personal Use - 6:15
    • 404 How To Figure Cost of Goods Sold Cost of Labor - 6:13
    • 471 Excess Business Loss Limitation - 0:53
    • 477 Not-for-Profit Activities - 4:17
    • 397 Inventory at Beginning of Year - 10:51
    • 315 Tax Forms & Line Items Involved - 11:59
    • 427 Employees' Pay - 10:10
    • 381 Items That Are Not Income - 12:57
    • 484 Special Rules and Exceptions - 7:25
    • 318 Sch. C Data Entry - 17:10
    • 414 Business Expenses Introduction - 7:17
    • 417 Car and Truck Expenses - 14:58
    • 424 Depreciation - 18:09
    • 461 Other ExpensesYou Can Deduct - 4:14
    • 467 Figuring Net Profit or Loss - 3:54
    • 431 Insurance - 10:09
    • 432 Example Insurance - 9:00
    • 455 Example - Business Use of Your Home - 14:14

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6 hours
Lessons
51

Individual Retirement Accounts (IRAs)

Get Knowledge on Individual Retirement Accounts (IRAs) & Retirement Planning

By Robert Steele CPA | in Online Courses

This 6-hour course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios. Understand contribution limits to both traditional and Roth IRAs and how those contribution limits interplay with other types of retirement accounts. This course will also cover retirement savings contributions credits, including qualification credits and examples of how to report the credit using actual tax forms.

  • Access 51 lectures & 6 hours of content 24/7
  • Understand the tax benefits of traditional individual retirement accounts (IRAs) & its contribution limits
  • Know the tax benefits of Roth IRAs & its contribution limits
  • Compare & contrast traditional and Roth IRAs
  • Understand retirement savings contributions credits, including qualification credits & examples of how to report the credit using actual tax forms

Instructor

Robert 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. 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.

Important Details

  • Length of time users can access this course: lifetime
  • Access options: web streaming
  • Certification of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: intermediate

System Requirements

  • Internet required
  • Some understanding of US income tax law

Course Outline

  • Individual Retirement Accounts (IRAs)
    • 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions - 4:02
    • 361 Nondeductible Contributions - 11:22
    • 421 Exempt Transactions - 2:55
    • 354 Tax Software Limit if Covered by Employer Plan - 6:38
    • 424 Investment in Collectibles - 5:39
    • 344 When Can Contributions Be Made - 12:27
    • 374 Trustee-to-Trustee Transfer - 2:33
    • 427 Excess Contributions - 14:33
    • 341 Less & More Than Maximum Contributions - 3:48
    • 377 Can You Move Retirement Plan Assets Rollovers - 13:11
    • 347 How Much Can You Deduct - 6:21
    • 205 (IRA) Individual Retirement Account - 4:37
    • 407 When Can You Withdraw or Use Assets - 3:03
    • 354 Limit if Covered by Employer Plan - 17:49
    • 414 Prohibited Transactions - 3:55
    • 517 How Much Can Be Contributed - 7:06
    • 397 Converting From Any Traditional IRA Into a Roth IRA - 9:45
    • 524 When Can You Make Contributions & What if You Contribute Too Much - 8:54
    • 308 How Can a Traditional IRA Be Opened - 4:17
    • 214 Introduction - 7:44
    • 371 Can You Move Retirement Plan Assets - 2:31
    • 367 What if You Inherit an IRA - 9:29
    • 610 Contributions Credit What’s New & Introduction - 8:25
    • 505 Roth IRAs Introduction - 7:22
    • 324 Simplified Employee Pension (SEP) - 2:51
    • 308 How Can a Traditional IRA Be Opened Introduction - 4:17
    • 351 Are You Covered by an Employer Plan - 13:48
    • 383 Rollover From One IRA Into Another - 15:28
    • 210 What's New & Reminders - 12:07
    • 305 Traditional IRAs Introduction & What Is Compensation - 10:50
    • 327 How Much Can Be Contributed - 1:38
    • 391 Rollover Chart - 9:08
    • 337 Filing Status - 4:46
    • 417 Prohibited Transactions - 10:51
    • 527 Can You Move Amounts Into a Roth IRA - 17:43
    • 381 Time Limit for Making a Rollover Contribution - 14:30
    • 510 What Is a Roth IRA - 11:55
    • 310 How Can a Traditional IRA Be Opened Individual Retirement Account - 7:14
    • 217 Table How Are a Traditional IRA and a Roth IRA Different - 10:16
    • 434 Reporting Additional Taxes - 8:09
    • 411 Contributions Returned Before Due Date of Return - 5:52
    • 387 Rollover From Employer's Plan Into an IRA - 17:38
    • 364 Examples—Worksheet for Reduced IRA Deduction for 2018 - 7:57
    • 514 Can You Contribute to a Roth IRA - 8:59
    • 615 Contributions Credit Can you claim the credit - 10:51
    • 314 Individual Retirement Annuity - 4:07
    • 521 Table Effect of Modified AGI on Roth IRA Contribution - 6:53
    • 331 General Limit - 6:59
    • 334 Kay Bailey Hutchison Spousal IRA Limit - 2:58
    • 394 Transfers Incident to Divorce - 6:42
    • 321 SIMPLE IRAs - 2:35

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Terms

  • Unredeemed licenses can be returned for store credit within 15 days of purchase. Once your license is redeemed, all sales are final.