Us Taxes For Freelancers How To Diy: Save Big & Pay Less Tax

A guide to fundamentals of doing your US Taxes yourself if you are self employed and run several businesses.

What you'll learn
You will be able to do a tax return for your business if you are self-employed full time or part time
You will learn how to do taxes for your side business without being overwhelmed by jargon
You will know what business expenses you can claim to lower your tax bill
You will know the benefits of doing your tax preparation yourself
Requirements
You will need a device to play videos and read text (a desktop computer, a laptop, or a smart phone), a note pad to take notes and ear phones.
Description
The course has been updated to reflect 2017 Tax Reform.This course is only for people who want to save money on tax preparation at retailer and are ready to devote a little bit of time learning how to do US Taxes for self-employed individuals themselves.In this course you will learn:How to do a US Tax return for consultants, freelancers, and contractorsWhat business expenses you can use to lower your tax billWhen and how pay your taxes to stay currentIf you want to get the knowledge and stop paying someone else for what you can learn to do yourself, then this course is for you.I am committed to supporting you. You will get to ask me any questions you have about doing taxes in discussion forum absolutely free. I am available to help you if you feel stuck, I am just a click away and will answer as soon as I can.Do you want to go from being confused and frustrated about taxes to doing them correctly and confidently?Before serving my first client at H & R Block, one of the biggest tax preparation companies, I had over 130 hours in class training and did tens of case studies. 75% of my clients come back to me tax season after tax season.In this course will explain tax preparation terms and concepts in plain English. You will get an opportunity to do a couple of case studies for practice, so by the end of my course doing your own taxes will be a walk in the park.My course consists of screen cast videos (yes, you will see what I see on my screen!) and text lectures. We will go over income documents and expenses records. I will explain which tax benefits you get no questions asked, and which ones you need paperwork for. You will get to see the whole tax preparation process over my shoulder. I created this course for freelancers who want to save money by doing their taxes themselves rather than paying top dollar at the retailer.If that describes you, go ahead, enroll into my course, there is a 30 day money back guarantee.Want a quick preview? There are a couple of lectures available for fee to help you decide.You have unlimited lifetime access to this course and when I add new lectures, it will be at no cost to you. I will add new lectures and it will be free for you.The Udemy money back guarantee is a promise that the product in front of you is really good and will help you.This course will help you success, so don't delay, enroll now.

Overview

Section 1: Self-Employment Taxes Intro - Freelancers, Consultants, Independent Contractors

Lecture 1 How You Pay Income Tax and Self-Employment Tax - Which Forms & Schedules To Use

Lecture 2 Who This Course Is For: Self Employed, Sole Proprietors, Independent Contractors

Lecture 3 Situations When You Must File Your Self-Employments Taxes And Your Income Taxes

Lecture 4 How To Report Self-Employment Income From Business Owned And Operated By Spouses

Lecture 5 Tax ID Numbers You Need To Do Your Own Taxes And Pay Other People And Companies

Lecture 6 Employment Taxes, Excise Taxes, Information Returns: Form 1099-MISC, Form W2

Lecture 7 Accounting Periods And Accounting Methods For Self-Employed Individuals

Lecture 8 Introduction To Business Income Reporting - Types Of Income And Schedules To Use

Lecture 9 Business Expenses Reporting Introduction - What You Can Deduct Or Get Credit For

Lecture 10 Dispositions of Business Property And General Business Credits

Section 2: Find Out How Tax Reform Affects Your Businesses' Bottom Line

Lecture 11 The New Tax Law Changes Corporate Tax Provisions

Lecture 12 Introduction Of Qualified Business Income Deduction

Lecture 13 Tax Reform Changes How Business Owners Depreciate Property Used To Run Business

Lecture 14 Changes In Tax Law Concerning Business Losses

Lecture 15 Business Related Income Exclusions and Deductions - Changes Due To Tax Reform

Lecture 16 Tax Law Changes Existing Business Credits And Introduced New Business Credit

Lecture 17 Changes In Tax Law Affecting Farm Provisions

Lecture 18 Introduction Of Opportunity Zones & Change To Time Limit for Contesting IRS Levy

Section 3: General Concepts: What's a Return? Filing Status, Standard & Itemized Deductions

Lecture 19 What Does It Mean 'To Do Taxes' & What Document Is Called 'Federal Tax Return'

Lecture 20 New 2018 Schedules 1-6: Where They Came From & How They Fit On Your Tax Return?

Lecture 21 Everyone Gets This Significant Tax Benefit - NO Questions Asked.

Lecture 22 What Are Deductions & Credits? What's the Difference, How they Help Reduce Tax?

Lecture 23 How Tax Reform Affected Income Tax for Single People and Families with Children

Lecture 24 Affordable Care Act: Tax Household, Minimum Essential Coverage, Exemptions.

Lecture 25 How Affordable Care Act Provision Gives You Premium Tax Credit - New Tax Benefit

Lecture 26 How It All Comes Together - Deductions, Credits, Tax - Wrap Up Your Tax Return

Section 4: Case Study: Married Couple with Children, Two Business Income Sources and a Job

Lecture 27 Greg & Mindy. Use their personal info, business income & expenses for tax prep.

Lecture 28 Ho to Create an Account In Online Software & Start Tax Return with Personal Info

Lecture 29 Reporting Income for a Job and Side Business Using Income Paperwork from Both.

Lecture 30 Reporting Expenses for Side Business with Usage of Home & Purchase of Equipment.

Lecture 31 Reporting Income for Independent Contractor Who is in Construction Business.

Lecture 32 Reporting Expenses for Independent Contractor with Car Expenses & Tools Purchase

Lecture 33 How to Decide Between Standard and Itemized Deductions - 2017 Tax Reform Helps.

Lecture 34 How to Get Other Available Deductions To Reduce Your Taxable Income Even Further

Lecture 35 Use Estimated Tax Payments In Federal Tax Preparation and Maximize Tax Refund.

Lecture 36 How to Wrap Up Your Federal Income Tax Return & Ensure Refund Is In Your Bank.

Section 5: Nancy Green Case Study: Self-Employed Freelancer With Four Streams Of Revenue

Lecture 37 Meet Nancy Green - Here's Her Family Information And Her Income And Expenses

Lecture 38 How To Create An Account In An Online Based Tax Preparation Software

Lecture 39 How To Add Personal Information While Doing A Tax Return For A Freelancer

Lecture 40 Reporting Royalty Income When You Sell Your Own Books On Amazon Or In Stores

Lecture 41 Reporting Commissions On Product Sales In A Distributorship

Lecture 42 Reporting Affiliate Commissions For Business Registered As An LLC

Lecture 43 Reporting Alimony Income - Make Sure You Do Not Report Child Support Here

Lecture 44 Standard Deduction Or Itemized Deductions - Which Gives Nancy A Bigger Benefit

Lecture 45 How To Report Health Care Insurance Coverage To Avoid Paying Additional Taxes

Lecture 46 How To Report College Expenses To Get Education Tax Credit When Doing Your Taxes

Lecture 47 How To Qualify For Earned Income Tax Credit If Your Income Is Low

Lecture 48 Other Common Credits

Lecture 49 Wrapping Up Your Tax Return Before Filing Electronically And Printing Out A Copy

If you are consulting, freelancing, and contracting, as a sole proprietor this course is for you,If you are a part of a partnership this course is not for you,If you are a tax professional looking to expand your knowledge, this course is not for you