The Basics of Tax Preparation

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  • เผยแพร่เมื่อ 3 ส.ค. 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.

ความคิดเห็น • 67

  • @Meetpatel643
    @Meetpatel643 ปีที่แล้ว +41

    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 8 หลายเดือนก่อน

      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....

  • @MidnightLadyCrow
    @MidnightLadyCrow 6 หลายเดือนก่อน +2

    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.

  • @matthewrodder8534
    @matthewrodder8534 8 หลายเดือนก่อน +2

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

  • @LicPerez-Saenz
    @LicPerez-Saenz ปีที่แล้ว +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.

  • @g3n3ricnam35
    @g3n3ricnam35 2 ปีที่แล้ว +8

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

  • @donaldhoneycutt615
    @donaldhoneycutt615 2 ปีที่แล้ว +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.

  • @philzills8219
    @philzills8219 2 ปีที่แล้ว +10

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

  • @Eriseld9
    @Eriseld9 ปีที่แล้ว +1

    Thank you Dr. Knutsen for this great video 🙏

  • @tiffanycrowe8841
    @tiffanycrowe8841 2 ปีที่แล้ว +4

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

  • @lunamorris2091
    @lunamorris2091 11 หลายเดือนก่อน

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

  • @eesterjones5397
    @eesterjones5397 ปีที่แล้ว +1

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

  • @jennychien1578
    @jennychien1578 ปีที่แล้ว

    Great instruction!I enjoy learning from this lecture!

  • @harlangleeson9496
    @harlangleeson9496 2 ปีที่แล้ว +5

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

  • @akhilkumarraparthi8179
    @akhilkumarraparthi8179 2 ปีที่แล้ว +2

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

  • @sheiladelgado7470
    @sheiladelgado7470 5 หลายเดือนก่อน

    I conviced me stay from the beggining . amazing

  • @cardeliaralls6711
    @cardeliaralls6711 2 ปีที่แล้ว

    This is FANTASTIC information THANK YOU so much ❣

  • @basusri1120
    @basusri1120 ปีที่แล้ว

    Excellent video! Thank you.

  • @gyeyockf7664
    @gyeyockf7664 7 หลายเดือนก่อน

    Very insightful and well delivered.

  • @yourownstar1
    @yourownstar1 2 ปีที่แล้ว +3

    Super video. Thx a bunch

  • @faye123__
    @faye123__ 9 หลายเดือนก่อน

    You are such a neat instructor!!

  • @yadiralgonzalez9597
    @yadiralgonzalez9597 2 ปีที่แล้ว +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!

  • @francm1723
    @francm1723 7 หลายเดือนก่อน

    Great video! Thank you!

  • @robertbotta6536
    @robertbotta6536 2 ปีที่แล้ว +1

    Dude this is absolutely fantastic! Thank you.

  • @mohammadalam7260
    @mohammadalam7260 2 ปีที่แล้ว +1

    Great Expiations, Easy to understand

  • @kimbang5952
    @kimbang5952 ปีที่แล้ว

    Thanks for this I learned a lot. information was great

  • @tahi193
    @tahi193 ปีที่แล้ว

    Thanks! Great instruction.

  • @rhyme6300
    @rhyme6300 ปีที่แล้ว +4

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

  • @thuyha7613
    @thuyha7613 ปีที่แล้ว

    Awesome. Thank you so much ❤

  • @ppena76
    @ppena76 ปีที่แล้ว

    Thank you so much really appreciate 😀😀

  • @brianjholman
    @brianjholman ปีที่แล้ว

    Very well explained

  • @paulenzang
    @paulenzang ปีที่แล้ว

    The best ever.

  • @chrisfranks7148
    @chrisfranks7148 8 หลายเดือนก่อน

    Awesome!

  • @ommisalmah5766
    @ommisalmah5766 ปีที่แล้ว

    This is great

  • @AHMED-cv8pg
    @AHMED-cv8pg 2 ปีที่แล้ว +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?

  • @nativexyuno4884
    @nativexyuno4884 ปีที่แล้ว

    Thank you

  • @JamieLBranch.TaxPro
    @JamieLBranch.TaxPro ปีที่แล้ว

    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?

  • @offthetop_
    @offthetop_ ปีที่แล้ว

    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 ปีที่แล้ว

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

  • @carloserivera1813
    @carloserivera1813 2 ปีที่แล้ว

    What you can claim they car payments?

  • @alanasmith6047
    @alanasmith6047 5 หลายเดือนก่อน

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

  • @keshabmagar2426
    @keshabmagar2426 2 ปีที่แล้ว +1

    value information. volume up please!

  • @lacay2613
    @lacay2613 ปีที่แล้ว

    What good tax software do you recommend??

  • @Rhonda858
    @Rhonda858 2 ปีที่แล้ว +2

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

    • @ChannieChauni
      @ChannieChauni 2 ปีที่แล้ว

      I believe so
      Definitely has lesson on the site too

  • @attiquemalik9748
    @attiquemalik9748 ปีที่แล้ว

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

  • @marshante
    @marshante 8 หลายเดือนก่อน

    Any software recommendations?

  • @tainuisept9155
    @tainuisept9155 11 หลายเดือนก่อน

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

  • @robertbeckham3091
    @robertbeckham3091 2 ปีที่แล้ว +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 หลายเดือนก่อน

    W gang 👍🏾

  • @dangerousbear4658
    @dangerousbear4658 2 ปีที่แล้ว

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

  • @usaaala460
    @usaaala460 ปีที่แล้ว

    Ggod job

  • @dreamlifevp
    @dreamlifevp 2 ปีที่แล้ว

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

  • @carloserivera1813
    @carloserivera1813 2 ปีที่แล้ว

    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

  • @carloserivera1813
    @carloserivera1813 2 ปีที่แล้ว

    Dental expenses out pocket

  • @lisarodriguez3390
    @lisarodriguez3390 ปีที่แล้ว +1

    29:10 💀

  • @michaelsullivan5352
    @michaelsullivan5352 4 หลายเดือนก่อน

    Skip to 29:10 for a nice fart

  • @jackspinner4727
    @jackspinner4727 4 หลายเดือนก่อน

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

  • @johnmccallister1818
    @johnmccallister1818 2 ปีที่แล้ว +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

  • @SavannahHuffSkenando
    @SavannahHuffSkenando 2 ปีที่แล้ว

    Tax The Rich!

  • @RubyAtif
    @RubyAtif ปีที่แล้ว

    Thank you

    • @janakiramsetty5812
      @janakiramsetty5812 5 หลายเดือนก่อน

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

  • @joseventura4407
    @joseventura4407 3 หลายเดือนก่อน

    Excelente