Learn individual income taxation from the fundamentals through Form 1040 applications. This Individual Income Tax Course—also called Tax Course I, Federal Income Tax I, or Introduction to Taxation—is designed for college students, CPA Exam REG and TCP candidates, and Enrolled Agent exam candidates.
What is an individual income tax course?
An individual income tax course explains how federal tax law applies to individuals: gross income, exclusions, deductions, adjusted gross income, taxable income, tax credits, property transactions, capital gains and losses, and the calculation of federal income tax liability.
Topics include:
• Form 1040 and the individual tax formula
• Gross income and taxable versus nontaxable income
• Adjustments for AGI and itemized deductions
• Filing status, dependents, and tax credits
• Interest, dividends, retirement, and other income
• Capital assets, capital gains, and capital losses
• Property basis and taxable property transactions
• Section 1031 exchanges and installment sales
• Net operating losses and excess business losses
• Passive activity and at-risk limitations
• CPA and EA exam questions, examples, and simulations
Who should take this course?
This playlist supports undergraduate and graduate tax students taking Individual Income Tax, Tax Course One, Federal Taxation I, or Introduction to Taxation. It also provides concept review and problem-solving practice for CPA REG, CPA TCP, and Enrolled Agent candidates.
Use the lessons to learn each rule, work through calculations, and connect tax concepts to Form 1040 and exam-style questions.
Educational content only; tax laws change, so verify current-year thresholds and rules.
#IndividualIncomeTax #IncomeTaxCourse #TaxCourse #CPAExam #EnrolledAgent
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2018 Tax Cuts and Jobs Act: Individual Tax Changes (Historical Review)
Historical 2018 review: what did the Tax Cuts and Jobs Act change for individual taxpayers? Professor Farhat reviews tax…
1
Property Transaction | Capital Gain | Capital Loss | Tax Cuts and Jobs Act of 2017 | CPA Exam REG
What is the difference between realized and recognized gains in property transactions? In this income tax lecture, Profe…
2
Capital Gain | Capital Loss | Capital assets | Tax Cuts and Jobs Act of 2017 | CPA Exam Regulation
How do you calculate capital gains and losses on a tax return? In this income tax lecture, Professor Farhat works throug…
3
Disallowed Deductions | Illegal Business | Political Contribution | Income Tax Course | CPA Exam
Which business deductions are disallowed for tax purposes? In this income tax lecture, Professor Farhat explains the tim…
4
Rental of Vacation Homes | Tax Cuts and Jobs Act of 2017 | Income Tax Course | CPA Exam Regulation
How are vacation home rentals taxed? In this income tax lecture, Professor Farhat explains the tax treatment of vacation…
5
Capital Assets vs. Section 1231: Capital Gains & Losses Explained
What makes property a capital asset, a Section 1231 asset or an ordinary asset? Learn how the use of a truck changes its…
6
CPA Simulation | Computing Adjusted Gross Income | CPA Exam Regulation | Income Tax course
How do you compute adjusted gross income and taxable income? This CPA exam simulation works through AGI and taxable inco…
7
AMT Explained: Adjustments & Depreciation | 2019 Examples (Part 1)
Alternative minimum tax (AMT) explained through historical 2019 examples: learn how adjustments change taxable income, w…
8
AMT Adjustments & Preferences | Stock Options and Tax Examples
Understand AMT adjustments and tax preferences with incentive stock options, long-term contracts and circulation-cost ex…
9
AMT Exemption & Phaseout Explained | 2019 Form 6251 Examples
Learn how the AMT exemption and phaseout lead to tentative minimum tax and additional AMT. Part 3 of this individual inc…
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AMT Simulation: Form 6251, Stock Options & Depreciation | 2019 Example
Follow a complete individual AMT simulation using Nathan's 2019 facts: AGI, itemized deductions, incentive stock options…
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Individual AMT: 5 Practice Questions | Historical Tax Examples
Practice five individual alternative minimum tax (AMT) questions on AMTI, deductions, depreciation and exemption phase-o…
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Tax Benefit Rule Doctrine Explained With Exam | CPA exam Regulation. INcome Tax Course. Schedule A
In this video, I explain the tax benefit rule doctrine. Under the tax benefit rule: taxpayers include in gross income r…
13
How Dividend Are Taxed Explained with Example. CPA exam
How are dividends taxed on the CPA Exam (REG)? In this lecture, Professor Farhat explains how qualified dividends are ta…
14
Student Loan Interest Tax Deduction For AGI
What is the student loan interest deduction and how does it work? In this lecture, Professor Farhat explains the student…
15
Health Savings Account HSA CPA Exam Explained
A Health Savings Account (HSA) is like a personal savings account, but it can only be used for qualified healthcare expe…
16
Section 1031 Like-King Exchange. CPA Exam
How does a Section 1031 like-kind exchange work? This video explains the Section 1031 like-kind exchange for CPA exam ca…
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CPA Study Tips: Individual Tax Versus C Corporation Summary. CPA Exam Regulation.
What are the key tax differences between individuals and C corporations on the CPA REG exam? Professor Farhat gives a si…
18
Net Operating Loss NOL (individual) Explained
How do you calculate an individual net operating loss (NOL) for the CPA REG exam? Professor Farhat explains net operatin…
19
At Risk Rule Loss Limitations Explained
What are the at-risk rules and how do they limit deductible losses? This lecture explains the at-risk loss limitation fo…
20
Excess Business Loss Explained
What is the excess business loss limitation and where does it fit among the loss rules? This lecture explains the excess…
21
Taxation of Property Transactions: Introduction
What determines the tax consequences of a property transaction? This CPA Exam (REG) lesson introduces the four foundatio…
22
Property Transactions Basis: Basics
What is basis and how do you calculate it for property? This CPA Exam (REG) lesson introduces the concept of tax basis, …
23
Amount Realized Property Transaction Gain Loss
How do you calculate the amount realized on a property transaction? This CPA Exam (REG) lesson explains everything that …
24
Gift Tax Basis (dual Basis) explained
How do you determine the basis of gifted property? This CPA Exam (REG) lesson explains the carryover basis rule for gift…
25
Inherited Property Basis Explained
How do you determine the basis of inherited property? This CPA Exam (REG) lesson explains the stepped-up basis rules for…
26
Realized and Recognized Gain/Loss Explained
What is the difference between a realized and a recognized gain or loss? This CPA Exam (REG) lesson explains the foundat…
27
Like Kind Exchange 1031 Section CPA Simulation
How do you compute gain and basis in a Section 1031 like-kind exchange? This CPA Exam (REG) simulation walks through fiv…
28
Like Kind Exchange 1031 Liability Involved CPA Exam
How do liabilities affect a Section 1031 like-kind exchange? This CPA Exam (REG) lesson explains how assumed mortgages a…
29
Installment sales Explained
How does the installment sales method work for tax purposes? This CPA Exam (REG) lesson explains how a taxpayer defers r…
30
Section 121 Home Sale Personal Residence Gain Exclusion
How does the Section 121 home sale gain exclusion work? This CPA Exam (REG) lesson explains how taxpayers can exclude ga…
31
Related Party Transactions Disallowed Losses Explained
How are losses on related party transactions treated for tax? This CPA Exam (REG) lesson explains the Section 267 disall…
32
Disposition of Personal Property: Disallowed Losses
How are gains and losses on personal-use property taxed? This CPA Exam (REG) lesson explains why losses on personal-use …
33
Realized vs Recognized gain/loss: Example
What is the difference between a realized and a recognized gain or loss? This CPA Exam (REG) and Enrolled Agent lesson w…
34
Wash Sale Loss Explained
What is the wash sale rule and how does it affect your taxes? This CPA Exam (REG) lesson explains how selling a security…
35
Introduction to Capital Assets section 1221
What is a capital asset under Section 1221? This CPA Exam (REG) lesson introduces how the tax treatment of a sale depend…
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Netting Capital Gains losses
How do you net capital gains and losses for tax purposes? This CPA Exam (REG) lesson shows accounting and tax students h…
37
Depreciation recapture Section 1245
What is Section 1245 depreciation recapture? This CPA Exam (REG) lesson explains how gains on the sale of depreciable bu…
38
Section 1250 Unrecapture Gain. CPA Exam.
What is Section 1250 unrecaptured gain and why is it taxed at 25 percent? This CPA Exam (REG) lesson explains how gain o…
39
Section 1245 Assets CPA Exam Simulation
How are gains on Section 1245 assets taxed? This CPA Exam (REG) simulation shows accounting and tax students how to disp…
40
W 2 Taxable Income. CPA/EA Exam. Income Tax Course
What is included in W-2 taxable income on the CPA and EA exam? This REG-focused lesson explains W-2 wages and how compen…
41
Taxable Interest Income. CPA/EA Exam. Income Tax Course
What counts as taxable interest income on the CPA and EA exam? This REG-focused lesson explains the taxation of interest…
42
Taxable Dividend: Ordinary Dividend & Qualified Dividend
How are ordinary and qualified dividends taxed? This REG-focused lesson explains the taxation of dividends, the differen…
43
Taxable (distribution) of Individual Retirement Account (IRA). CPA Exam
How are IRA distributions taxed on the CPA and EA exam? This REG-focused lesson explains the taxation of traditional and…
44
Taxable Pension And annuity Income. CPA Exam
How is pension and annuity income taxed? This REG-focused lesson explains the taxation of pension and annuity income, in…
45
Taxation of Social Security benefits. CPA Exam
Are Social Security benefits taxable, and how much? This REG-focused lesson explains the taxation of Social Security ben…
46
Tax Benefit Rule or Doctrine. CPA/EA Exam
What is the tax benefit rule and when is a state tax refund taxable? This REG-focused lesson explains the tax benefit ru…
47
The Taxation of Alimony and Child Support. CPA/EA Exam
How is alimony and child support taxed on the CPA and EA exam? This REG-focused lesson explains the taxation of alimony …
48
Schedule C Business Income/Loss. CPA/EA Exam
How is Schedule C business income and loss reported for taxes? This CPA and EA exam tutorial explains how self-employed …
49
Tax on Unemployment Compensation and Gambling Winning. CPA/EA Exam
Are gambling winnings and unemployment benefits taxable? This lesson explains the tax treatment of gambling income and u…
50
Rental of Vacation Homes Rental Income Schedule E. CPA/EA Exam
How is rental income from a vacation home taxed, and how do you report it on Schedule E? This lesson breaks down the vac…
51
Taxable Prizes, Award and Cancelation of Debt. CPA/EA Exam
Are prizes, awards, and cancelled debt taxable income? This lesson explains the tax treatment of prizes and awards and c…
52
Taxable Long Term Contract Percentage of Completion Vs Completed Contract. CPA/EA Exam
How are long-term contracts taxed, and when can you use the completed contract method instead of percentage of completio…
53
Realized versus Recognized gain/Loss. CPA/EA Exam
What is the difference between a realized gain and a recognized gain for tax purposes? This lesson explains realized ver…
54
Who Must File a Tax return and Due Date. CPA/EA Exam
Who must file a tax return, and when is it due? This lesson breaks down federal tax return filing requirements and deadl…
55
The 5 Filing Tax Status Explained. CPA/EA Exam
What are the five federal income tax filing statuses? This CPA and EA Exam REG lecture explains single, married filing j…
56
Qualifying Child and relative
What is the difference between a qualifying child and a qualifying relative? This CPA Exam REG lecture breaks down the d…
57
Child Tax Credit Explained.
How does the Child Tax Credit work, and who qualifies for it? This REG-focused income tax lesson explains the child tax …
58
Introduction to Tax Credits: Credit Vs Deduction. CPA exam
What is the difference between a tax credit and a tax deduction? This REG-focused income tax lesson introduces tax credi…
59
Foreign Tax Credit. CPA Exam
How does the Foreign Tax Credit work, and how do you compute it on the CPA exam? This REG-focused income tax lesson expl…
60
American Opportunity Credit and Lifetime Learning Credit Exaplined. CPA Exam
What is the difference between the American Opportunity Credit and the Lifetime Learning Credit? This REG-focused income…
61
Credit for Elderly and Disabled Income Tax Course
How does the Credit for the Elderly or the Disabled work? This REG-focused income tax lesson explains the credit for the…
62
Kiddie Tax Explained. CPA/EA exam.
What is the kiddie tax and how is it calculated? This REG-focused lesson explains the kiddie tax, the rules that tax a c…
63
Work Opportunity Credit and Rehabilitation Expenditure Credit. CPA Exam
What are the work opportunity credit and the rehabilitation expenditure credit? This lesson explains two general busines…
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Various General Business Credits. CPA Exam
What are the general business tax credits? This lesson explains several components of the general business credit — the …
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Deductions for AGI and Deductions from AGI Standard Deductions Explained
What is the difference between deductions for AGI and deductions from AGI? This lesson explains above-the-line vs. below…
66
Standard Deductions Versus Itemized Deductions.
Standard deduction vs. itemized deductions: which should you take? This lesson explains how taxpayers reduce taxable inc…
67
Filing Status CPA Simulation. EA Exam
How do you determine the correct tax filing status? This CPA Exam simulation works through five scenarios to decide betw…
68
Tax Computation: Tax Marginal Tax Rate Versus Average Tax Rate
What is the difference between the marginal tax rate and the average tax rate? This lesson explains how to compute feder…
69
Filing Status Single Verus Married Filing Jointly
Single vs. married filing jointly: which filing status saves more tax? This worked example compares the tax liability of…
70
Original Issue Discount bonds: Series EE Bonds. CPA/EA Exam
How are original issue discount (OID) bonds and Series EE savings bonds taxed? This lesson explains OID bonds — how the …
71
Constructive Receipt Doctrine Explained
What is the constructive receipt doctrine in tax? This lesson explains how the IRS decides when income is taxable — incl…
72
How Dividend is Taxed Explained with Example. CPA/EA exam
How are dividends taxed? This lesson explains how qualified dividend income receives preferential tax treatment — the 0%…
73
MACRS Half-Year Convention Explained | Cost Recovery Depreciation — CPA/EA Exam
What is the half-year convention in MACRS depreciation? This lesson explains cost recovery for tax purposes — how tax co…
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MACRS Mid-Quarter Convention Explained | 40% Test & Cost Recovery — CPA/EA Exam
What is the mid-quarter convention in MACRS depreciation? This lesson explains when the mid-quarter convention is mandat…
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MACRS Mid-Month Convention Explained | Real Property Depreciation — CPA/EA Exam
What is the mid-month convention in MACRS depreciation? This lesson explains how the mid-month convention applies to rea…
76
Section 179 Deduction: Limits & Examples (2022 Rules) | CPA & EA
Understand the Section 179 deduction with worked 2022 examples: the election, dollar phaseout, business income limit, ba…
77
MACRS Listed Property Depreciation | Business-Use Test & Luxury Auto Limits — CPA/EA Exam
How do you depreciate listed property under MACRS? This lesson explains cost recovery for listed property — assets used …
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Bonus Depreciation Explained | First-Year Cost Recovery vs Section 179 — CPA/EA Exam
What is first-year bonus depreciation and how does it work? This lesson explains additional first-year (bonus) depreciat…
79
Qualified Business Income Deduction: Limitation. CPA/EA Exam
How does the Qualified Business Income (QBI) deduction limitation work for high-income taxpayers? This lesson explains t…
80
Specified Service (Trade) Business: Qualified Business Income Deduction 199A
What is a specified service trade or business (SSTB) under Section 199A? This lesson explains how the SSTB limitation re…
81
C Corporation Tax Basics: Income, Deductions & Tax Methods
C corporation taxation basics for CPA candidates, enrolled agent candidates and accounting students: compare corporate a…
82
Section 291 Recapture Explained CPA/EA Exam
What is Section 291 depreciation recapture and how does it apply to corporations on the CPA REG exam? This lesson explai…
83
Capital gains and Losses for Corporation
How are capital gains and losses taxed for a corporation compared to an individual on the CPA REG exam? This lesson expl…
84
Capital Gains Tax of Corporations CPA Exam Simulation
How are corporate capital gains and losses taxed on the CPA REG exam, and how does that differ from individuals? This AI…
85
Dividend Received Deduction Explained with Examples. CPA/EA exam
How does the dividends received deduction (DRD) work on the CPA REG exam? This lesson explains why the DRD exists to pre…
86
Business Interest Expense Limitation. CPA/EA Exam.
How does the business interest expense limitation under Section 163(j) work on the CPA REG exam? This lesson explains th…
87
Excessive Executive Compensation. CPA/EA exam
How is excessive executive compensation limited for tax purposes on the CPA REG exam? This lesson explains the Section 1…
88
Taxation of Organizational Expenditures and Startup Cost.
How are organizational expenditures and startup costs taxed for a corporation on the CPA REG exam? This lesson explains …
89
Deduction for Corporate Charitable Contribution. Explained
How does a C corporation deduct charitable contributions on the CPA REG exam? This lesson explains the timing rules for …
90
Computing Corporate Income Tax Liability
How do you compute a corporation's income tax liability on the CPA REG exam? This lesson walks through the corporate tax…
91
Schedule M-1 (Form 1120): Book-to-Tax Reconciliation Example
Learn Schedule M-1 on Form 1120 with a complete book-to-tax reconciliation. Professor Farhat explains which items to add…
92
Accumulated Earnings Tax and Personal Holding Company Tax
What are the accumulated earnings tax and the personal holding company tax on the CPA REG exam? This lesson explains why…
93
Schedule M 2 form 1120 Explain w/examples
What is Schedule M-2 on Form 1120 and how do you reconcile a corporation's retained earnings on the CPA REG exam? This l…
94
Schedule M 3 form 1120 Exaplined
What is Schedule M-3 on Form 1120 and how does it differ from Schedule M-1 on the CPA REG exam? This lesson explains why…
95
Consolidated Tax Return
What is a consolidated tax return and when can an affiliated corporate group file one on the CPA REG exam? This lesson e…
96
Form 1065, Schedule K & K-1 Explained: Partnership Income | CPA & EA
How do Form 1065, Schedule K and Schedule K-1 connect? Follow partnership income from the business return to each partne…
97
Guaranteed Payments in Partnership.
What are guaranteed payments in a partnership, and how are they taxed? This CPA Exam REG lesson explains how guaranteed …
98
Partnership Liquidating Distribution
How is a partnership liquidating distribution taxed, and when can a partner recognize a loss? This CPA Exam REG lesson e…
99
Distribution from Partnership- Current (Non-liquidating)
How is a current (non-liquidating) distribution from a partnership taxed? This CPA Exam REG lesson explains proportionat…
100
Gross Income Exclusion: Gifts and Inheritances
Are gifts and inheritances taxable income? This CPA Exam REG lesson explains the gross income exclusion for gifts and in…
101
Gross Incme Exclusion: Municipal Bonds
Is municipal bond interest taxable, and how do you compare a muni bond to a corporate bond? This CPA Exam REG lesson exp…
102
Gross Income Exclusion: Scholarship and Fellowship
Are scholarships and fellowships taxable income? This CPA Exam REG lesson explains the gross income exclusion for schola…
103
Educational Savings Bonds Series EE: Gross Income Exclusion
How can Series EE savings bond interest be excluded from gross income for education? This lecture explains the education…
104
Gross Income Exclusion: Compensation for Injuries and Sickness
Is compensation for injuries and sickness taxable or excluded from gross income? This lecture explains when damages and …
105
Tax Benefit Rule Explained
What is the tax benefit rule in tax accounting, and when is a reimbursement or refund taxable? This CPA Exam REG lesson …
106
Ordinary & Necessary and Reasonable Business Deductions
What makes a business expense deductible: ordinary, necessary, and reasonable? This lecture explains the three IRS crite…
107
Hobby Loss Deductions
What are the hobby loss rules and how does the IRS tell a hobby from a business? This lecture explains the tax treatment…
108
CPA exam Simulation: Deduction For and From AGI
How do you compute taxable income and tell deductions FOR AGI from deductions FROM AGI? This CPA exam simulation walks t…
109
Disallowed Tax Deductions: Illegal Payments, Businesses and Drug Dealing Business.
Which business tax deductions are disallowed as against public policy? This lecture explains the disallowed deductions t…
110
Bad Debt Tax Deduction: Specific Charge Write-Off Method or Direct Method
How do you deduct bad debt on a tax return? This lecture explains the tax treatment of bad debt, why tax law requires th…
111
Casualty and Theft Losses Examples
How do you calculate casualty and theft losses? This REG lecture works through examples of casualty and theft losses for…
112
Section 174 Research and Experimental Expenditures for Tax Purposes
How are research and experimental expenditures treated under Section 174? This REG lecture explains the tax treatment of…
113
Travel Tax Deduction Expense
What travel expenses are tax deductible? This REG lecture explains the travel expense deduction for CPA Exam candidates …
114
Home Office Expense Deduction
How does the home office expense deduction work? This REG lecture explains the home office deduction for CPA Exam candid…
115
Meals and Entertainment Deduction
How are meals and entertainment deducted for tax purposes? This REG lecture explains the meals and entertainment deducti…
116
Moving Expenses Gift and Miscellaneous Expenses Schedule A deduction
Are moving expenses, business gifts, and miscellaneous employee expenses deductible? This REG lecture explains the curre…
117
Taxation of Individual Retirement Accounts IRA
How are traditional IRAs taxed? This REG lecture explains the taxation of individual retirement accounts for CPA Exam ca…
118
Roth IRA; Taxability and Benefits
How is a Roth IRA taxed and what are its benefits? This REG lecture explains the Roth IRA for CPA Exam candidates and ac…
119
Accountable Plan and Non accountable Plan
What is the difference between an accountable plan and a non-accountable plan? This REG lecture explains how employee ex…
120
Schedule A Medical Expenses.
How do medical expense deductions work on Schedule A? This REG lecture explains the medical and dental expense itemized …
121
Employer Retirement Plans: KEOGH SEP SIMPLE, Qualified Pension, 401K
What are the main employer-sponsored retirement plans? This REG lecture explains qualified pension plans, 401(k) and 403…
122
Schedule A Itemized Deductions: Taxes
Which taxes are deductible on Schedule A? This REG lecture explains deductible taxes as itemized deductions for CPA Exam…
123
Schedule A Itemized Deductions: Interest
What interest is deductible on Schedule A? This REG lecture explains deductible interest as an itemized deduction for CP…
124
Itemized Deductions: Schedule A Charitable Contribution.
How do individuals deduct charitable contributions on Schedule A? This REG lecture explains charitable contribution item…
125
Schedule A Charitable Contribution: Limitations
How are charitable contribution deductions limited on Schedule A? This REG lecture explains the valuation rules, propert…
126
Tax Accounting Method: Cash Receipts and Cash disbursements. Cash Method
How does the cash method work for tax purposes? This REG lecture explains the cash receipts and disbursements method for…
127
Accounting Method for Tax Purposes: Accrual Method
How does the accrual method work for tax purposes? This REG lecture explains the accrual method of tax accounting for CP…
128
Section 351 Transfer of Services
How are services treated in a Section 351 transfer? This REG lecture explains what happens when a shareholder contribute…
129
Section 351 Corporate Formation Introduction
What is Section 351 and how does tax-free incorporation work? This REG lecture introduces Section 351 for CPA Exam candi…
130
Section 351 Boot Received and Liabilities Assumed Section 357
How does boot and assumed liabilities affect a Section 351 transfer? This REG lecture explains Section 351 boot received…
131
Section 351: Built In Loss
How is built-in loss property treated in a Section 351 transfer? This REG lecture explains the built-in loss rules under…
132
Earnings and Profits vs. Taxable Income CPA Exam Simulation
How does earnings and profits differ from taxable income? This REG CPA Exam simulation walks accounting students and exa…
133
Distributions from Corporation: Earnings and Profits (CEP) & Accumulated earnings and Profits (AEP)
What are corporate earnings and profits and how do they affect distributions? This REG lecture explains current earnings…
134
Section 351 CPA Exam Simulation
How does a Section 351 transaction work on the CPA exam? This REG CPA Exam simulation walks accounting students and exam…
135
Section 351 Service Contribution: Corporation Perspective
How does a corporation treat services contributed under Section 351? This REG lecture explains the corporation's perspec…
136
Taxation of Property Dividend
How is a property dividend taxed? This REG lecture explains the taxation of property dividend distributions for CPA Exam…
137
Stock Redemption Explained
What is a stock redemption and how is it taxed? This REG lecture explains stock redemptions (stock buybacks) for CPA Exa…
138
Constructive Dividends.
What is a constructive dividend? This REG lecture explains constructive dividends for CPA Exam candidates and accounting…
139
Current Earnings and Accumulated Profits CPA exam simulation
How do you determine if a corporate distribution is a taxable dividend or a return of capital? This REG CPA Exam simulat…
140
Corporate Distribution: Current & Accumulated Earnings and Profits. Dividend vs. ROC vs. Capital
How do you determine whether a corporate distribution is a dividend, a return of capital, or a capital gain? This REG le…
141
Taxation of Stock Dividends and Stock Rights
Are stock dividends and stock rights taxable? This REG lecture explains the taxation of stock dividends and stock rights…
142
Stock Attribution Rules Section 318
How do Section 318 stock attribution rules work? This REG lecture explains constructive ownership under the IRS code for…
143
History of U.S. Taxes: Income Tax Course
How did the U.S. tax system develop over time? This CPA exam (REG) and income tax course lecture traces the history of U…
144
Different Types of Taxes | Income Tax Course
What are the different types of taxes in the United States? This CPA exam (REG) and income tax course lecture explains t…
145
Educator Expense Deduction | Income Tax Course | EA Exam.
What is the educator expense deduction? This income tax course lecture from Professor Farhat explains the educator expen…
146
Intangible Assets | Section 197 Amortization Tax Deduction | Income Tax Course | CPA Exam EA Exam
What is Section 197 amortization of intangible assets? This CPA Exam REG and EA Exam lecture from Professor Farhat expla…
147
Converting Personal Use to Business Use Property. Income Tax Course CPA Exam REG | EA Exam
How do you convert personal use property to business use property for tax purposes? This CPA Exam REG and EA Exam lectur…
148
Residential and Vehicles Energy Tax Credits. CPA Exam REG
How do residential and vehicle energy tax credits work? This CPA Exam REG lecture from Professor Farhat explains the res…
149
Premium Tax Credit Explained wit Example
The Premium Tax Credit (PTC) explained with an example for the CPA exam — this tax credits lecture covers who qualifies,…
150
Tax Accounting Methods: Cash and Accrual.
Cash vs. accrual tax accounting methods explained for CPA (REG) and EA exam candidates and tax practitioners. This lesso…
151
Tax Methods: Cash and Accrual Examples
Cash vs. accrual tax accounting methods explained with worked examples for CPA (REG) and CMA exam candidates and tax pra…
152
Self-employment Tax Explained
Self-employment tax explained for CPA (REG) and EA exam candidates, freelancers, independent contractors, and small busi…
153
Failure to Pay Penalty & Failure to File Penalty
The failure-to-file penalty and failure-to-pay penalty explained for CPA and EA exam candidates and tax practitioners. T…
154
Partnership Taxation: Partner's Basis.
Partnership taxation and a partner's basis explained for CPA and EA exam candidates and tax practitioners. This lecture …
155
Accuracy Related Penalties. CPA and EA Exam
Accuracy-related penalties explained for CPA and EA exam candidates and tax practitioners. This lecture covers the IRS a…
156
Accumulated Adjustments Account (AAA): CPA Simulation
The Accumulated Adjustments Account (AAA) explained for college accounting students and CPA, CMA, and EA candidates stud…
157
S Corporation Stock Basis.
How is an S corporation shareholder's stock basis calculated? In this REG CPA Exam multiple-choice walkthrough, Professo…
158
Separately and Non-separately Stated Items for S Corporation
What is the difference between separately and non-separately stated items for S corporations? In this REG CPA Exam lesso…
159
S Corporation Formation Rules | CPA Exam MCQ
What are the S corporation formation and eligibility rules? In this REG CPA Exam practice question, Professor Farhat wal…
160
S Corporation Distribution Separate and Non Separately Stated Items | Video MCQ
How do S corporation distributions and shareholder basis work? In this REG CPA Exam practice question, Professor Farhat …
161
Income Tax Formula. CPA/EA Exam. Tax Course
What is the individual income tax formula on the CPA and EA exam? This REG-focused overview walks through the full indiv…
162
Introduction of Capital Gain loss | Tax Course | EA & CPA Exam
What is the difference between realized and recognized capital gains, and how are capital gains and losses taxed? In thi…
163
Capitalizing versus Expensing | Tax Course | EA Course | CPA Exam
What is the difference between capitalizing and expensing a cost? In this REG and EA CPA Exam tax lesson, Professor Farh…
164
Corporate Foreign Tax Credit | Tax Course | CPA Exam
What is the corporate foreign tax credit and how does it work? In this REG and TCP CPA Exam lesson, Professor Farhat sho…
165
Progressive Tax Rate Structure | Income Tax Course
The progressive tax rate structure for the CPA Exam (REG): this lecture explains how the U.S. federal income tax system …
166
Proportional and Regressive Tax Structure | Tax Course
What are proportional and regressive tax structures? This lecture is built for accounting students and CPA (REG) and Enr…
167
Compute Tax Liability using Tables and Schedules | Income Tax Course | EA Exam
How do you compute federal income tax liability using tax tables and rate schedules? This worked example is built for ac…
168
?? Tax Return Due Dates and Extensions Explained — Enrolled Agent (EA) | CPA Exam (REG)
What are the tax return due dates and extension rules? This lecture covers the April 15 deadline, the mailbox rule, Form…
169
??? Tax Return Due Dates and Extensions Explained — Enrolled Agent Exam
What are the tax return due dates and extension rules for each entity type? In this session, Professor Farhat helps Enro…
170
?? Taxation of Barter Income Explained — Enrolled Agent Exam
How is barter income taxed? This MCQ walkthrough from Farhat Lectures helps Enrolled Agent (EA) and CPA exam candidates …
171
?? Taxation of Court Awards and Damages Explained — Enrolled Agent Exam
Which court awards and damages are taxable? This MCQ walkthrough from Farhat Lectures helps Enrolled Agent (EA) and CPA …
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?? Taxation of Income From Cancelation of Debt Explained — Enrolled Agent Exam
When is canceled debt taxable income? This breakdown from Farhat Lectures helps Enrolled Agent (EA) and CPA exam candida…
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?? Filing Requirements Explained — Enrolled Agent (EA) | CPA Exam (REG)
Who is required to file a federal tax return? This lecture is built for accounting students and CPA (REG) and Enrolled A…
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Tax Filing Requirement CPA exam. Income Tax Course
Who is required to file a federal income tax return? This CPA Exam REG lecture explains the individual tax filing requir…
175
?? Estimated Taxes Explained — Enrolled Agent (EA) | CPA Exam (REG)
How do estimated taxes work, and who has to pay them? This lecture is built for accounting students and CPA (REG) and En…
176
?? Backup Withholding Explained — Enrolled Agent (EA)
What is backup withholding, and when does it apply? This lecture is built for accounting students and CPA (REG) and Enro…
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Income Tax Formula and Form 1040
The individual income tax formula and Form 1040 for the CPA Exam (REG): this lecture explains the step-by-step logic of …
178
Social Security Taxation Explained with Example
How are Social Security benefits taxed and how do you calculate provisional income? In this lecture, Professor Farhat ex…
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Trump Tax Returns Simply Explained. For CPA and accounting lessons, visit: ????www.farhatlectures.com
In this video, I discuss Trump Tax Return. The video is based on the NY Times press report in October 2020 about Trump …
180
The Taxation of Cryptocurrency Simplified with Examples
How is cryptocurrency taxed? In this taxation lecture, Professor Farhat explains the federal tax treatment of cryptocurr…
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Child Tax Credit | Dependent Care Credit | Income Tax Course | ax Cuts and Jobs Act of 2017 CPA Exam
How do the Child Tax Credit and the Dependent Care Credit work? In this income tax lecture, Professor Farhat explains tw…
182
Child and Dependent Care Credit 2026 Explained | Rules & Examples
Learn how to calculate the Child and Dependent Care Credit for tax year 2026. Professor Farhat explains qualifying indiv…
183
Schedule C Explained: Business Income & Deductions | CPA REG & EA
Schedule C (Form 1040), Profit or Loss From Business, reports income and expenses from a sole proprietorship. In this le…
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For AGI vs. From AGI Deductions Explained | Tax Examples
Deductions for AGI reduce income before adjusted gross income is calculated. Deductions from AGI reduce AGI to determine…
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IRA & Trump Account Practice: Contributions, Distributions & Tax Basis | CPA REG + Quiz
Practice IRA and Trump account tax rules with six worked scenarios. Professor Farhat explains combined traditional and R…
