Individual Income Taxation
Video Listing
Our Individual Income Taxation Listing
Individual Income Taxation has been updated for 2019’s Tax Year (2020 Tax Season).
The next update is scheduled for Spring 2022 - (2021 Tax Year)
Section 1: Introduction to Individual Income Taxation
Lesson 1.1 - History of Taxation
Lesson 1.2 - Calculating Taxes Intro
Lesson 1.3 - Tax Rate Structure
Lesson 1.4 - Calculating Taxes - Progressive Rate Structure
Lesson 1.5 - Marginal and Average Tax Rate Calculation
Lesson 1.6 - Simple Income Tax Formula
Lesson 1.7 - Form 1040 Walk Through
Lesson 1.8 - Health Care Tax
Lesson 1.9 - Understanding Tax Payments
Lesson 1.10 - An Example Walk Through
Section 2: Understanding Form 1040
Section 2.1 - Expanded Tax Formula
Section 2.2 - Adjusted Gross Income
Section 2.3 - Qualifying Child
Section 2.4 - Qualifying Relative
Section 2.5 - Filing Status
Section 2.6 - Qualifying Person - Head of household
Section 2.7 - Dependents
Section 2.8 - Standard Deduction
Section 2.9 - 2018 Standard Deduction Amounts
Section 2.10 - 2019 Standard Deduction - Personal Exemption
Section 2.11 - Interest and Penalties
Section 2.12 - Failure to File and Pay Penalty Walk-Though
Section 2.13 - Comprehensive Tax Return
Section 3.1 - Recording Income
Section 3.2 - Interest Income
Section 3.3 - Dividend Income
Section 3.4 - Dividend Income Example
Section 3.5 - State and Local Taxes
Section 3.6 - Social Security Benefits
Section 3.7 - Other Income
Section 3.8 - Items Excluded from Gross Income
Section 3.9 - Life Insurance Proceeds Walk-Through
Section 4: Adjustments for AGI
Section 4.1 - Adjustments for AGI
Section 4.2 - Student Loan Interest Overview
Section 4.3 - Student Loan Interest Walk-Through
Section 4.4 - Student Loan Interest - Overborrowing
Section 4.5 - High Deductible Health Insurance Plans
Section 4.6 - Health Savings Account Deduction
Section 4.7 - Moving Expenses for Armed Forces
Section 4.8 - Deduction for Half of Self-Employment
Section 4.9 - Self-Employment Health Insurance
Section 4.10 - Self-Employment Health Insurance Walk Through
Section 4.11 - Penalty on Early Withdrawal of Savings
Section 4.12 - Alimony Paid
Section 4.13 - Educator Expenses
Section 4.14 - Comprehensive Tax Return
Section 5: Itemized Deductions
Section 5.1 - Introduction to Itemized Deduction
Section 5.2 - Deductible Medical Expenses
Section 5.3 - Deductible State and Local Taxes
Section 5.4 - Deductible Interest
Section 5.5 - Deductible Gifts to Charity
Section 5.6 - Deductible Casualty and Loss Deduction
Section 5.7 - Gambling Losses
Section 5.8 - Comprehensive Tax Return
Section 6: Self-Employed Business Income
Section 6.1 - Intro to Self-Employed Business Income
Section 6.2 - Walk-Through of Schedule C
Section 6.3 - Income from a Schedule C Trade or Business
Section 6.4 - Cost of Goods Sold
Section 6.5 - Ordinary and Necessary Trade or Business Expense
Section 6.6 - Introduction to Depreciation - Form 4562
Section 6.7 - Components of Depreciation
Section 6.8 - Tax Basis
Section 6.9 - Depreciation Period
Section 6.10 - Depreciation Convention
Section 6.11 - Depreciation Method
Section 6.12 - How to calculate depreciation using MACRS?
Section 6.13 - IRC Section 179 Election
Section 6.14 - 100% Bonus Depreciation
Section 6.15 - Listed Property
Section 6.16 - Depreciation Walk-Through Section 179 and MACRS
Section 6.17 - Depreciation Walk-Though Personal and Business Use
Section 6.18 - Transportation Costs
Section 6.19 - 2019 Standard Mileage Rate and Transportation Cost Example
Section 6.20 - Travel Expenses
Section 6.21 - Travel Expense Example
Section 6.22 - Business Use of the Home
Section 6.23 - Self-Employment Tax
Section 6.24 - Qualified Business Income Deduction (QBI) IRC 199A
Section 7.1 - Introduction to Capital Assets
Section 7.2 - Basic Capital Gain Loss Terms
Section 7.3 - Classification of Assets
Section 7.4 - Sale of Ordinary Assets
Section 7.5 - Sale of Section 1221 Capital Assets
Section 7.6 - Capital Gains Rates - Exception
Section 7.6.5 - Capital Gains - General Preferential Tax Rates
Section 7.7 - Medicare Surtax IRC 1411
Section 7.8 - Netting Capital Gains and Losses
Section 7.9 - Netting Capital Gains and Losses Example
Section 7.10 - Sale of Section 1231 Business Property
Section 7.11 - Gain or Loss on Business Property Example
Section 8.1 - Introduction to Production of Income
Section 8.2 - Rental Properties
Section 8.3 - Farm Rental Income
Section 8.4 - Rental of Vacation Home
Section 8.5 - Allocation of Rental Expenses
Section 8.6 - Royalty Income
Section 8.7 - Flow-Through Entities
Section 8.8 - Separately Stated Items
Section 8.9 - Separately Stated Items Example
Section 9.1 - Introduction to Tax Credits
Section 9.2 - Child and Dependent Care Credit
Section 9.3 - Child and Dependent Care Credit Example
Section 9.4 - Credit for Elderly or the Disabled
Section 9.5 - Credit for Elderly or the Disabled Example
Section 9.6 - Overview of Educational Credits
Section 9.7 - American Opportunity Tax Credit
Section 9.8 - Lifetime Learning Credit
Section 9.9 - Foreign Tax Credit
Section 9.10 - Child Tax Credit
Section 9.11 - Savers Credit
Section 9.12 - Adoption Credit
Section 9.13 - Earned Income Tax Credit
Section 9.14 - Premium Tax Credit
Section 10.1 - Introduction to Tax-Deferred Plans
Section 10.2 - Employer-Sponsored Retirement Plans
Section 10.3 - The 401(k)Plans
Section 10.4 - The Keogh Plan
Section 10.5 - SEP Plans
Section 10.6 - Simple Plan
Section 10.7 - Individual Retirement Plans
Section 10.8 - Traditional IRA
Section 10.9 - Roth IRA
Section 10.10 - Tax Deferred Nonretirement Plans
Section 10.11 - Coverdell Education Savings Account
Section 10.12 - Qualified Tuition Plan
Section 10.13 - Distributions from a Qualified Pension Plan
Section 10.14 - Required Minimum Distribution
Section 10.15 - Early Distribution from Retirement Penalty
Section 10.16 - Rollovers
Section 10.17 - Distribution from an Annuity Contract
Section 11: Special Property Transaction
Section 11.1 - Like-Kind Exchanges
Section 11.2 - Like-Kind Exchanges Example
Section 11.3 - Involuntary Conversions
Section 11.4 - Basis and Holding Period
Section 11.5 - Involuntary Conversation Example
Section 11.6 - Installment Sales
Section 11.7 - Installment Sales - Depreciation Recapture
Section 11.8 - Installment Sales - Example
Section 11.9 - Sale of Personal Residence
Section 11.10 - Related - Party Losses and Wash Sales
Section 11.11 - Related-Party Loss Example
Section 12: At-Risk Passive Activity Losses
Section 12.1 - Introduction to At-Risk
Section 12.2 - At-Risk Rules
Section 12.3 - At-Risk Rules Liabilities
Section 12.4 - At-Risk Example
Section 12.5 - Passive Activity Loss
Section 12.6 - Types of Income - Loss Categories
Section 12.7 - Rental Activities
Section 12.8 - Disposition of a Passive Activity
Section 12.9 - Alternative Minimum Tax
Section 12.10 - AMT Adjustments