The Basics of Tax Preparation

Sdílet
Vložit
  • čas přidán 3. 07. 2024
  • Presenter: Dr. David Knutsen, Assistant Teaching Professor of Accounting at Roosevelt University
    In this 60-minute webinar we cover the basic components of a 1040, U.S. Individual Income Tax Return. Topics discussed include, income items, adjustments to income, itemized deductions vs. the standard deduction, calculating your tax liability and, determining your balance due or refund amount.

Komentáře • 67

  • @Meetpatel643
    @Meetpatel643 Před rokem +40

    The fact that I learned more from this video about individual taxes than my actual college class. If I could like this video more than one time, I would.

    • @faviolasanchez9595
      @faviolasanchez9595 Před 7 měsíci

      I feel u they charge alot and they have you reading the books only not much to show thats why im here to I leaening more and better way....

  • @matthewrodder8534
    @matthewrodder8534 Před 7 měsíci +2

    Dr. David Knutsen you rock! Great information, very well organized and laid out...

  • @MidnightLadyCrow
    @MidnightLadyCrow Před 5 měsíci +1

    Such an informative video! Everyone else seems to talk mumbo jumbo and sound fancy, but you're intellectual and straight forward! I've been doing my taxes for about 4 years now but I stumbled on this vid now and decided to watch it lol and wow I did good for no help. But you're vid has explained a lot more that I won't be using but it's always nice to gain more knowledge.

  • @LicPerez-Saenz
    @LicPerez-Saenz Před rokem +10

    Great introduction to this industry of tax preparation. I so appreciate this introductory course and hope to continue on and do this for a living.

  • @jennychien1578
    @jennychien1578 Před 10 měsíci

    Great instruction!I enjoy learning from this lecture!

  • @Eriseld9
    @Eriseld9 Před rokem +1

    Thank you Dr. Knutsen for this great video 🙏

  • @donaldhoneycutt615
    @donaldhoneycutt615 Před 2 lety +3

    Thank you for helping me to understand taxes better I have been doing my taxes and my wifes for the past 20 years and I love it, It cost less for me to do them. I told my son it is cheaper for him to do his so he began doing his own taxes. If he has questions he will ask me. It is fun.

  • @g3n3ricnam35
    @g3n3ricnam35 Před 2 lety +8

    I rarely comment but this video was awesome, this guy should teach a college course

  • @basusri1120
    @basusri1120 Před rokem

    Excellent video! Thank you.

  • @lunamorris2091
    @lunamorris2091 Před 10 měsíci

    This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.

  • @harlangleeson9496
    @harlangleeson9496 Před 2 lety +5

    great stuff Doctor! thank you so much. great vibe and helpful spirit!

  • @cardeliaralls6711
    @cardeliaralls6711 Před 2 lety

    This is FANTASTIC information THANK YOU so much ❣

  • @philzills8219
    @philzills8219 Před 2 lety +10

    Outstanding video! There is a lot of simple and useful information.

  • @akhilkumarraparthi8179
    @akhilkumarraparthi8179 Před 2 lety +2

    thank you sir for this wonderful video I am an EA aspirant here I have recollected individual tax paper ; 1

  • @eesterjones5397
    @eesterjones5397 Před 11 měsíci +1

    Thanks so much for the refreshing learning experience!!!!!

  • @tiffanycrowe8841
    @tiffanycrowe8841 Před 2 lety +4

    I really enjoyed this video. Very informative, and the teacher (giver of knowledge) was outstanding. Thank you!

  • @yourownstar1
    @yourownstar1 Před 2 lety +3

    Super video. Thx a bunch

  • @robertbotta6536
    @robertbotta6536 Před 2 lety +1

    Dude this is absolutely fantastic! Thank you.

  • @tahi193
    @tahi193 Před rokem

    Thanks! Great instruction.

  • @mohammadalam7260
    @mohammadalam7260 Před 2 lety +1

    Great Expiations, Easy to understand

  • @faye123__
    @faye123__ Před 8 měsíci

    You are such a neat instructor!!

  • @francm1723
    @francm1723 Před 6 měsíci

    Great video! Thank you!

  • @kimbang5952
    @kimbang5952 Před rokem

    Thanks for this I learned a lot. information was great

  • @sheiladelgado7470
    @sheiladelgado7470 Před 4 měsíci

    I conviced me stay from the beggining . amazing

  • @thuyha7613
    @thuyha7613 Před rokem

    Awesome. Thank you so much ❤

  • @gyeyockf7664
    @gyeyockf7664 Před 6 měsíci

    Very insightful and well delivered.

  • @ppena76
    @ppena76 Před rokem

    Thank you so much really appreciate 😀😀

  • @brianjholman
    @brianjholman Před rokem

    Very well explained

  • @paulenzang
    @paulenzang Před rokem

    The best ever.

  • @yadiralgonzalez9597
    @yadiralgonzalez9597 Před 2 lety +9

    Great information, very clear and easy to follow. I do have a question, do you offer an Income Tax course? I would really appreciate if you can let me know, please and thank you ! Great job!

  • @rhyme6300
    @rhyme6300 Před rokem +4

    Great video. Explains basic tax concept very well and very organized. Is it possible to email the PPT? Thank you.

  • @ommisalmah5766
    @ommisalmah5766 Před rokem

    This is great

  • @AHMED-cv8pg
    @AHMED-cv8pg Před 2 lety +1

    I went to the accounting office to do tax return.. The accounting man after summited my tax .. we get message said there is wrong in the Name or EIN number .. what is reason .. and how I can fix this problem ?
    By the way I had I lost my social security and I get new one by different name is that should be the reason?

  • @chrisfranks7148
    @chrisfranks7148 Před 7 měsíci

    Awesome!

  • @nativexyuno4884
    @nativexyuno4884 Před 11 měsíci

    Thank you

  • @carloserivera1813
    @carloserivera1813 Před 2 lety

    What you can claim they car payments?

  • @lacay2613
    @lacay2613 Před rokem

    What good tax software do you recommend??

  • @JamieLBranch.TaxPro
    @JamieLBranch.TaxPro Před rokem

    How would people report money won using those machines? Is this just a case where we would have to "take their word" for it, or will they need to screenshot their winning reciepts before they turn them in for the cash value? How can they prove their winnings?

  • @keshabmagar2426
    @keshabmagar2426 Před 2 lety +1

    value information. volume up please!

  • @attiquemalik9748
    @attiquemalik9748 Před rokem

    just wandering can u provide this course in pdf so we can print

  • @alanasmith6047
    @alanasmith6047 Před 4 měsíci

    Public service deduction of 3000. What line do you put that

  • @marshante
    @marshante Před 7 měsíci

    Any software recommendations?

  • @offthetop_
    @offthetop_ Před rokem

    Does anyone know like what tax pros do during the off season when peak tax season is over and there is no more work since it is only seasonal for a lot of people working for companies in this field? Do most just apply for unemployment or something every time like?

    • @simulationking950
      @simulationking950 Před rokem

      You learn. So that you can do more complicated tax returns next season. It means more money. Then there is extension season too.

  • @Rhonda858
    @Rhonda858 Před 2 lety +2

    Do you know if I wanted to volunteer to do Taxes, will VITA train me?

    • @ChannieChauni
      @ChannieChauni Před 2 lety

      I believe so
      Definitely has lesson on the site too

  • @tainuisept9155
    @tainuisept9155 Před 10 měsíci

    @29:12... Better out than in.

  • @robertbeckham3091
    @robertbeckham3091 Před 2 lety +1

    H&R Block tried to charge me $290 to file my 1099s, I went somewhere else and they charged me $60 …. And I got a bonus of $6 dollar refund 😂

  • @bili557
    @bili557 Před 20 dny

    W gang 👍🏾

  • @usaaala460
    @usaaala460 Před rokem

    Ggod job

  • @dangerousbear4658
    @dangerousbear4658 Před 2 lety

    Trying to watch the damm movie , ot the ad!!!!!

  • @carloserivera1813
    @carloserivera1813 Před 2 lety

    Dental expenses out pocket

  • @carloserivera1813
    @carloserivera1813 Před 2 lety

    Why my tax preparer should be subject to also ask you income made from last year the IRS has that information on your fillings records

  • @dreamlifevp
    @dreamlifevp Před 2 lety

    Can my son file his own taxes even though we claim him on our taxes

  • @lisarodriguez3390
    @lisarodriguez3390 Před 11 měsíci +1

    29:10 💀

  • @michaelsullivan5352
    @michaelsullivan5352 Před 3 měsíci

    Skip to 29:10 for a nice fart

  • @johnmccallister1818
    @johnmccallister1818 Před 2 lety +12

    They say taxes is one of those certainties in life.
    Here's another one that's even more serious -- Someday each one of us will stand before God.
    Romans 14:12 says"So then, each of us will give an account of himself to God."
    When your day comes, where will your eternal home be?
    Jesus said “I am the way and the truth and the life. No one comes to the Father
    except through me."-- John 14:6
    * "If you confess that Jesus is Lord and believe that God raised Him from death,
    you will be saved." -- Romans 10:9
    *Romans 10:13 “Whoever calls upon the name of the Lord shall be saved.” -- Romans 10:13

  • @jackspinner4727
    @jackspinner4727 Před 3 měsíci

    did you rip a massive massive fart at 29:10 ?

  • @SavannahHuffSkenando
    @SavannahHuffSkenando Před rokem

    Tax The Rich!

  • @RubyAtif
    @RubyAtif Před rokem

    Thank you

    • @janakiramsetty5812
      @janakiramsetty5812 Před 4 měsíci

      Excellant presentaion on basic tax preparation.Its great education for me
      thanks😆😆😆😆😆

  • @joseventura4407
    @joseventura4407 Před 2 měsíci

    Excelente