This Tax 1 course playlist provides a structured introduction to U.S. federal income taxation, covering the core concepts every accounting student and taxpayer needs to understand.
You’ll learn how the U.S. tax system works from the ground up, including tax rates, filing requirements, audit rules, and the full tax calculation formula. Each video builds on the previous topic, following a logical course sequence used in university-level accounting programs.
Topics covered include:
• What a tax is and how the system is structured
• How tax brackets actually work (with step-by-step examples)
• Marginal, effective, and average tax rates
• Common misconceptions about raises and taxes
• Tax-exempt vs taxable investments (municipal bonds vs taxable bonds)
• Who must file a tax return and IRS filing requirements
• IRS audit process and statute of limitations (3-year and 6-year rules)
• Sources of tax law (primary vs secondary authority)
• Tax planning strategies (timing, income shifting, and deductions)
• The tax formula and gross income calculation
• Filing status and dependent rules (qualifying child and qualifying relative)
This playlist is designed for:
• Accounting students taking Tax 1
• CPA and EA candidates
• Anyone who wants a structured, step-by-step understanding of how taxes work
For a complete application of these concepts, see the full Form 1040 walkthrough playlist: https://www.youtube.com/playlist?list=PLVHYYiGO8vc94pTyzHiBCXJ1-VWmaXSlE
Aulas do Curso
(44 vídeos)
0 de 44 aulas concluídas
0%
Progresso salvo somente neste navegador.
0
Complete Tax 1 Course | Tax Basics, Income, Deductions, Credits & More
Looking for a complete Tax 1 course? This playlist brings together 41 videos covering the core concepts of individual fe…
1
What Is a Tax? (And Why Some “Taxes” Are Actually Fees)
What is a tax, and how is it different from a fee? In this video, I break down the fundamental definition of a tax, the …
2
How Tax Brackets Actually Work (Step-by-Step Example)
Most people misunderstand how tax brackets work. Being in a higher tax bracket does not mean all of your income is taxed…
3
Marginal vs Effective vs Average Tax Rate (How to Understand Your Real Return)
Understanding your real tax rate is critical for both exams and real-world decisions. In this video, I break down margin…
4
Do You Lose Money If You Get a Raise? (Tax Brackets Explained)
Many people worry that getting a raise will push them into a higher tax bracket and actually leave them with less money.…
5
Taxable vs Municipal Bonds (Which Is Better? + Break-Even Explained Step-by-Step)
Choosing between a taxable bond and a municipal bond is a common investment and exam question, but most people compare t…
6
Who Must File a Tax Return? Income Thresholds, Deadlines, and IRS Rules Explained
This video explains who must file a tax return, including income thresholds based on filing status, age, and IRS rules.
…
7
How Long Can the IRS Audit You? 3 Year Rule, 6 Year Rule, and Statute of Limitations Explained
This video explains the IRS statute of limitations, including how long the IRS has to audit a tax return and when that t…
8
IRS Audit Process Overview: Types of Audits, 30 Day Letter, 90 Day Letter, and Appeals
This video explains the IRS audit process from start to finish, including the different types of audits, how the IRS exa…
9
Sources of Tax Law Explained: Primary vs Secondary and Authority Overview
This video explains the sources of tax law, including the difference between primary and secondary authority and how tax…
10
Tax Planning Explained: Timing, Income, Deductions & Strategies (Tax 1)
This Tax 1 Chapter 3 video explains the fundamentals of tax planning, including timing strategies, income shifting, and …
11
Tax Formula and Gross Income Explained with Examples (Tax I Course)
In this video, we walk through the foundation of how the U.S. tax system works by focusing on the tax formula and the ca…
12
Filing Status Qualifying Child and Qualifying Relative Explained with Examples (Tax 1)
In this video, we break down how to determine the correct filing status and how to identify a qualifying child and quali…
13
Gross Income Explained: Realization, Recognition, and Tax Doctrines (Tax 1 For Accounting Students)
This video explains the fundamentals of gross income, including economic benefit, realization, and recognition. You will…
14
Types of Gross Income Explained with Examples and Practice Problems (Tax 1 Students)
This video explains common types of taxable income, including annuities, Social Security benefits, prizes and awards, im…
15
What Income Is NOT Taxable? Exclusions Explained with Examples (Tax 1 For Accounting Students)
This video explains exclusions from gross income, including fringe benefits, municipal bond interest, the home sale excl…
16
Deductions for AGI Explained (Above-the-Line Deductions) | Tax 1 Course
This Tax 1 video explains deductions for AGI (above-the-line deductions) and how they reduce adjusted gross income (AGI)…
17
Schedule A & Itemized Deductions Explained (Tax 1) | Medical Expenses, SALT, Charity
Learn how Schedule A itemized deductions work in this full Tax 1 walkthrough covering medical expenses, SALT deductions,…
18
Qualified Business Income (QBI) Explained (Section 199A Made Clear) | Tax 2 Course
This video provides a clear explanation of the Qualified Business Income (QBI) deduction under IRC Section 199A, includi…
19
New IRS Schedule 1-A Explained: Who Must File and Why It Matters
In this video, I walk through the new IRS Schedule 1-A for 2025 and explain how the form is organized, what each section…
20
NEW Schedule 1-A Full Form Walkthrough + Example (Form 1040)
In this video, I walk through Schedule 1-A (Form 1040) step by step, completing the entire form from top to bottom using…
21
Investment Income Explained: Bonds, Interest & Dividends (Tax 1)
Investment income is one of the most heavily tested and most practical areas of individual taxation. In this Tax 1 chapt…
22
Capital Gains and Losses Explained with Examples, Netting & Tax Rates (Tax 1)
This Tax 1 video explains one of the most important topics in individual taxation: capital gains and losses. We walk ste…
23
Passive Activity Loss Rules, NIIT & Investment Interest Expense Explained | Tax 1 Course
Learn how passive activity loss (PAL) rules, at-risk limitations, tax basis limitations, investment interest expense rul…
24
Tax Brackets, Capital Gains, Qualified Dividends & Kiddie Tax Explained (Tax 1)
In this Tax 1 lecture, we break down how federal income taxes are actually calculated using progressive tax brackets, pr…
25
Alternative Minimum Tax (AMT) Explained with Examples | AMTI, Exemptions & Tax Calculations (Tax 1)
Learn how the Alternative Minimum Tax (AMT) works in this detailed Tax 1 lecture covering AMTI, AMT adjustments, exempti…
26
Self-Employment Tax, NIIT, FICA & Medicare Taxes Explained (Tax 1)
In this Tax 1 video, we cover some of the most important additional taxes that affect employees, self-employed individua…
27
Who Qualifies for the Earned Income Tax Credit (EITC)? | 2025 Rules Explained
The Earned Income Tax Credit (EITC) is one of the most valuable refundable tax credits available, but it is also one of …
28
Child Tax Credit & Additional Child Tax Credit Explained (Schedule 8812) | 2025 Tax Return
The Child Tax Credit is one of the most valuable credits on the tax return — and one of the most misunderstood. In this …
29
Lifetime Learning Credit (LLC) Explained | Who Qualifies & How Much You Can Claim (2025)
The Lifetime Learning Credit (LLC) helps offset the cost of college, graduate school, and job-related education by reduc…
30
AOTC Explained: $2,500 College Tax Credit + Refund Rules (2025)
The American Opportunity Tax Credit (AOTC) can reduce your tax bill by up to $2,500 per student and may provide a partia…
31
Meals, Travel & Transportation Expenses Explained (Tax 1)
In this Tax 1 video, we cover one of the most practical and heavily tested areas of business deductions: meals, entertai…
32
Business Deductions Explained: Ordinary, Necessary & Capital Expenses (Tax 1)
In this Tax 1 Chapter 9 video, we cover the foundational rules for deducting business expenses under Internal Revenue Co…
33
Business Interest Limitations & Casualty Losses Explained (Tax 1)
In this Tax 1 video, we cover the business interest limitation under IRC §163(j), the gross receipts test, business casu…
34
Tax 1 Practice Problems | Business Deductions, Travel, Casualty Losses & Accounting Methods
In this Tax 1 practice problem video, we work through a series of exam-style problems covering the most important busine…
35
MACRS Depreciation Explained | Recovery Periods, Methods & Conventions (Tax 1)
In this Tax 1 video, we cover one of the most important computational topics in taxation: MACRS depreciation. We introdu…
36
Real Property Depreciation, Section 179 & Bonus Depreciation (Tax 1)
In this Tax 1 video, we continue our coverage of MACRS depreciation by focusing on real property depreciation, Section 1…
37
Listed Property, Luxury Auto Rules, Amortization & Depletion Explained (Tax 1)
In this Tax 1 lecture, we complete our coverage of property acquisition and cost recovery by examining listed property, …
38
Depreciation Recapture Explained (Section 1231 and 1245) | Tax 2 Course
This video explains IRC Section 1231 gains and losses and Section 1245 recapture in simple terms. You’ll learn a quick m…
39
Compensation & Fringe Benefits Explained | Taxable and Nontaxable Employee Benefits (Tax 1)
In this video, we examine the federal income tax treatment of compensation and fringe benefits. You'll learn what qualif…
40
Retirement Plans Overview: 401(k), IRA, Roth vs Traditional, Defined Benefit v Contribution (Tax 1)
Traditional vs. Roth 401(k): Which is better? Traditional vs. Roth IRA: What's the difference? In this video, we explain…
41
2025 Form 1040 Walkthrough: W-2, 1099 Income and NEW Schedule 1-A
This video provides a full walkthrough of a completed 2025 Form 1040, using a real example that includes W-2 wages, inte…
42
529 Plans Explained | Tax Benefits, Qualified Education Expenses & State Tax Benefits
A 529 plan is one of the most valuable tax-advantaged education savings vehicles available for college and other qualifi…
43
When Is a Tax Position Too Risky? What the IRS Actually Expects From Preparers
In this video, I explain how certain you need to be before taking a position on a tax return. Many taxpayers and even ne…
