Welcome and Introduction

with Roger Knecht



  • Establishing the Tax Foundation: Learn the entire process for determining income and adjustments to income, which will factor into the Adjusted Gross Income
  • Becoming the 1040 Expert: Understand all the adjustments that can be made to adjusted gross income, including credits that are allowed and different types of deductions and exemptions that can be taken against that adjusted gross income number

Course curriculum

  • 1

    MODULE 1: Establishing the Tax Foundation

  • 2

    Session 1: Getting Started

  • 3

    Session 2: Wages, Salaries & Tips

    • Video: Gross Income (M1 S2 T1)

      FREE PREVIEW

    • Video: Wages and Other Compensation (M1 S2 T2)

    • Wages and Other Compensations (M1 S2 T2)

    • Video: Employee vs Self-Employed Contractor (M1 S2 T3)

    • Employee VS Independent Contractor

    • Video: Tips (M1 S2 T4)

    • Tips (M1 S2 T4)

    • Video: Form W-2 (M1 S2 T5)

    • Form W-2 (M1 S2 T5)

    • Video: Session 2 Review (M1 S2 T6)

    • Module 1 Session 2: Review Questions

    • How to submit an assignment:

    • Module 1 Chapter 2 Learning Activity

    • Answer Key Module 1 Chapter 2

  • 4

    Session 3: Schedule B- Interest and Dividend Income

    • Video: Intro (M1 S3 T1)

      FREE PREVIEW

    • Video: Taxable Interest (M1 S3 T2)

    • Taxable Interest (M1 S3 T2)

    • Video: Non-taxable Interest (M1 S3 T3)

    • Non-Taxable Interest (M1 S3 T3)

    • Video: Form 1099-INT (M1 S3 T4)

    • Form 1099-INT (M1 S3 T4)

    • Video: Dividend Income (M1 S3 T5)

    • Dividends (M1 S3 T5)

    • Video: Form 1099-DIV (M1 S3 T6)

    • Form 1099-DIV (M1 S3 T6)

    • Session 3 Video: Review (M1 S3 T7)

    • Module 1 Session 3: Review Questions (M1 S3 T7)

    • Module 1 Chapter 3 Learning Activity

    • PTPM1S3 Schedule B LA Solutions
  • 5

    Session 4: Schedule C and Schedule F - Business and Farm Income (or Loss)

    • Video: Intro (M1 S4 T1)

      FREE PREVIEW

    • Video: Self-Employment and Farm Income (M1 S4 T2)

    • Self-Employment (M1 S4 T2)

    • Video: Schedule C (M1 S4 T3)

    • Schedule C (M1 S4 T3)

    • Video: Schedule F - Farming (M1 S4 T5)

    • Schedule F (M1 S4 T5)

    • Video: Session 4 Review (M1 S4 T6)

    • Module 1 Session 4: Review Questions (M1 S4 T6)

    • Module 1 Chapter 4 Learning Activity

    • Answer Key Module 1 Chapter 4
  • 6

    Session 5: Form 8949 and Schedule D - Capital Gain (orLoss)

    • Video: Intro Capital Gain or Loss (M1 S5 T1)

      FREE PREVIEW

    • Video: Capital Assets (M1 S5 T2)

    • Capital Assets (M1 S5 T2)

    • Video: Basis (M1 S5 T3)

    • Basis (M1 S5 T3)

    • Video: Capital Gains Tax Rates (M1 S5 T4)

    • Capital Gain Tax Rates (M1 S5 T4)

    • Kinds of Transactions

    • Video: Schedule D (M1 S5 T5)

    • Form 8949 and Schedule D (M1 S5 T5)

    • Video: Review (M1 S5 T6)

    • Module 1 Session 5: Review Questions (M1 S5 T6)

    • Module 1 Chapter 5 Learning Activity

    • PTPM1S5 Form 8949 and Schedule D LA Solutions
  • 7

    Session 6: Retirement Income

    • Video: Introduction (M1 S6 T1)

      FREE PREVIEW

    • Video: IRA Distributions (M1 S6 T2)

    • IRA Distributions (M1 S6 T2)

    • Video: Pensions and Annuities (M1 S6 T3)

    • Pensions, Annuities & Other Retirement Income (M1 S6 T3)

    • Rollovers and Other Distribution Rules

    • Video: Form 1099-R (M1 S6 T4)

    • Form 1099-R (M1 S6 T4)

    • Video: Social Security Benefits (M1 S6 T5)

    • Social Security and Railroad Retirement Benefits (M1 S6 T5)

    • Video: Session 6 Review (M1 S6 T6)

    • Module 1 Session 6: Review Questions (M1 S6 T6)

    • Module 1 Chapter 6 Learning Activity

    • PTPM1S6 Retirement Income LA Solutions
  • 8

    Session 7: Schedule E - Income (or Loss) from Rental Property/Royalties/Partnerships and S Corporations/Estates and Trusts

    • Video: Introduction (M1 S7 T1)

      FREE PREVIEW

    • Video: Schedule E (M1 S7 T2)

    • Income or Loss from Rental Property

    • Video: Rental Income (M1 S7 T3)

    • Video: K-1 and Royalties (M1 S7 T4)

    • Income or Loss from Royalties

    • Schedule E, Part I

    • Income or Loss from Partnerships and S Corporations, Estates and Trusts

    • Schedule E, Parts II – V

    • Video: Session 7 Review (M1 S7 T5)

    • Module 1 Session 7: Review Questions

    • Module 1 Chapter 7 Learning Activity

    • PTPM1S7 Schedule E LA Solutions
  • 9

    Session 8: Other Types of Income

    • Video: Introduction

      FREE PREVIEW

    • Video: Taxable Refunds and Unemployment Compensation

    • Taxable Refunds & Unemployment Compensation

    • Video: Alimony Received

    • Child Support & Alimony Received

    • Video: Sale of Business Property

    • Sale of Business Property

    • Video: Form 4797

    • Form 4797, Sales of Business Property

    • Video: Other Income

    • Other Income, Reported on Schedule 1

    • Video: Review

    • Module 1 Session 8: Review Questions

    • Module 1 Chapter 8 Learning Activity

    • PTPM1S8 Other Types of Income LA Solutions
  • 10

    Session 9: Occupational Adjustments

    • Video: Introduction

      FREE PREVIEW

    • Video: Educator Expenses

    • Educator Expenses

    • Video: Certain Business Expenses

    • Certain Business Expenses

    • Video: Moving Expenses

    • Moving Expenses

    • Video: One-Half Self-Employment Tax

    • One-Half Self-Employment Tax

    • Video: Review

    • Module 1 Session 9: Review Questions

    • Module 1 Chapter 9 Learning Activity 1

    • Module 1 Chapter 9 Learning Activity 2

    • PTPM1S9 Occupational Adjustments LA Solutions
  • 11

    Session 10: Retirement, Educational and Other Personal Adjustments

    • Video: Introduction

      FREE PREVIEW

    • Video: IRA Deduction

    • Video: Self-Employed Retirement Plans

    • Video: Self-Employed Retirement Plans - SEP

    • Video: Self-Employed Retirement Plans - SIMPLE

    • Video: Self-Employed Retirement Plans - Qualified plans

    • Self-Employed Retirement Plans

    • Video: Penalty on Early Withdrawal of Savings

    • Penalty on Early Withdrawal of Savings

    • Video: Student Loan Interest Deduction

    • Student Loan Interest Deduction

    • Tuition and Fees Deduction

    • Video: Health Savings Deduction

    • Health Savings Account Deduction

    • Video: Self-Employed Health Insurance Deduction

    • Self-employed Health Insurance Deduction

    • Video: Alimony Paid

    • IRA Deduction

    • Video: Uncommon Personal Other Adjustments

    • Other Adjustments

    • Video: Review

    • Module 1 Session 10: Review Questions

    • Module 1 Chapter 10 Learning Activity

    • PTPM1S10 Retirement Educational and Other Personal Adjustments LA Solutions

    • PTPM1S11 Index
  • 12

    Professional Tax Preparer Module 1 Exam

    • Professional Tax Preparer - Module 1 - Practice Exam 2020
  • 13

    MODULE 2: Becoming the 1040 Expert

  • 14

    Session 1: Schedule A - Standard vs. Itemized Deductions

    • Video: Standard or Itemized Deductions

      FREE PREVIEW

    • Standard Deduction

    • Medical and Dental Expenses

    • Video: Taxes Paid

    • Taxes Paid

    • Video: Review

    • Module 2: Session 1: Review Questions

    • Module 2 Chapter 1 Learning Activity 1

    • Module 2 Chapter 1 Learning Activity 2

    • Module 2 Chapter 1 Learning Activity 3

    • PTPM2S1 Schedule A Part A LA Solutions
  • 15

    Session 2: Schedule A - Itemized Deductions, Part B

    • Video: Introduction

      FREE PREVIEW

    • Video: Interest Paid

    • Interest Paid

    • Video: Gifts to Charity

    • Gifts to Charity

    • Video: Casualty and Theft Losses

    • Casualty and Theft Losses

    • Video: Review

    • Module 2: Session 2: Review Questions

    • Module 2 Chapter 2 Learning Activity 1

    • Module 2 Chapter 2 Learning Activity 2

    • PTPM2S2 Schedule A Part B LA Solutions
  • 16

    Session 3: Schedule A - Itemized Deductions, Part C

    • Video: Introduction

      FREE PREVIEW

    • Video: Other Miscellaneous Deductions

    • Job Expenses

    • Video: Deduction Limitiation

    • Miscellaneous Deductions

    • Video: Review

    • Module 2: Session 3: Review Questions

    • Module 2 Chapter 3 Learning Activity
  • 17

    Session 4: Calculating the Tax

    • Video: Introduction

      FREE PREVIEW

    • Video: Using Tax Tables

    • How to Use the Tax Table

    • Video: Alternative Minimum Tax

    • Alternative Minimum Tax

    • Shared Responsibility Payment

    • Video: Review

    • Module 2: Session 4: Review Questions

    • Module 2 Chapter 4 Learning Activity 1

    • Module 2 Chapter 4 Learning Activity 2

    • Calculating the Tax LA Solutions for Activities 1 and 2

    • Module 2 Chapter 4 Learning Activity 3

    • M2 S4 Calculating the Tax - Answer Key
  • 18

    Session 5: Non-Refundable Credits, Part A

    • Video: Introduction

      FREE PREVIEW

    • Video: Non-Refundable Tax Credits Part A

    • Video: Child Tax Credit

    • Child Tax Credit

    • Video: Child and Dependent Care Credit

    • Child and Dependent Care Credit

    • Video: Education Credits

    • Education Credits

    • Video: Review

    • Module 2: Session 5: Review Questions

    • Module 2 Chapter 5 Learning Activity 1

    • Module 2 Chapter 5 Learning Activity 2

    • Module 2 Chapter 5 Learning Activity 3

    • M2 S5 Non-refundable Credits Part A - Answer Key

  • 19

    Session 6: Non-Refundable Credits, Part B

    • Video: Introduction

      FREE PREVIEW

    • Video: Residential Energy Credits

    • Residential Energy Credits

    • Video: Retirement Savings Contributions Credit

    • Retirement Saver’s Credit

    • Video: Credit for the Elderly and Disabled

    • Video: Other Credits

    • Other Credits

    • Video: Review

    • Module 2: Session 6: Review Questions

    • Module 2 Chapter 6 Learning Activity

    • PTPM2S6 Non-Refundable Credits Part B LA Solutions
  • 20

    Session 7: Other Taxes

    • Video: Introduction

      FREE PREVIEW

    • Video: Self-Employment Tax

    • Self-Employment Tax

    • Video: Unreported Social Security and Medicare Tax

    • Unreported Social Security and Medicare Tax

    • Video: Additional Taxes on Tax-Favored Accounts

    • Additional Taxes on Tax-Favored Accounts

    • Video: Household Employment Taxes

    • Household Employment Taxes

    • Video: Review

    • Module 2: Session 7: Review Questions

    • Module 2 Chapter 7 Learning Activity 1

    • Module 2 Chapter 7 Learning Activity 2

    • PTPM2S7 Other Taxes LA Solutions
  • 21

    Session 8: Payments & Refundable Credits

    • Video: Introduction

      FREE PREVIEW

    • Video: Withholding

    • Previous Tax Payments

    • Video: Estimated Tax Payments

    • Earned Income Credit

    • Video: Request for Extension

    • Video: Earned Income Credit

    • Video: Excess Withholding

    • Video: Additional Child Tax Credit

    • Additional Child Tax Credit

    • Premium Tax Credit

    • Other Refundable Credits

    • Video: Review

    • Module 2: Session 8: Review Questions

    • Module 2 Chapter 8 Learning Activity 1

    • Module 2 Chapter 8 Learning Activity 2

    • PTPM2S8 Payments and Refundable Credits LA Solutions
  • 22

    Session 9: Closing the Return

    • Video: Introduction

      FREE PREVIEW

    • Video: PTIN and EFIN

    • Tax Preparer ID Numbers

    • Video: Third Party Designee

    • Third Party Designee

    • Video: Signing the Return

    • Identity Protection PIN

    • Video: How to File

    • Filing the Return

    • Video: File by Mail

    • Video: E-File

    • Video: Amended Returns

    • Amended Returns

    • Video: Penalties

    • Penalties

    • IRS Tax Notices

    • Video: Review

    • Module 2: Session 9: Review Questions

    • Module 2 Chapter 9 Learning Activity

    • PTPM2S9 Closing the Return LA Solutions

    • PTPM2S10 Index
  • 23

    Professional Tax Preparer Module 2 Exam

    • Professional Tax Preparer Module 2 Practice Exam
  • 24

    Personal and Individual Income Tax Preparation Final Exam

    • 2020 Personal Income Tax Preparation Final Exam

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