Channel: CPA Strength

Category: Education

Tags: w9tax payment plantax payment onlinetax return explainedtax refund advancetax return self employedtax return questionstax returnunfiled irs tax returnstax withholdings explainedtax refund explained2020 changes to w-4income taxw2tax refundw4tax reformhow to fill out a w4 form

Description: Tax Return Questions & Answers #taxes #refund #W4 #1099 #W9 W4 HOW TO FILE A TAX RETURN WITH A 1099 / INDEPENDENT CONTRACTOR SCHEDULE C PROFIT OR LOSS FROM BUSINESS / TAX PREPARATION This is the steps you would take if you are an independent contractor and get a 1099. You would file a schedule C that would flow to your 1040 TAX RETURN BASICS - how to file a tax return - SINGLE FILING STATUS / W2 EMPLOYED / NO DEPENDENTS K1 Explained / K1 is from a passthrough Entity / Income tax tips #15 / k1 passes to a 1040 return a K1 originates from a passthrough entity and its income or loss passes through to the shareholders Personal Tax Returns WHAT YEARS INCOME IS ON A TAX RETURN ? / INCOME TAX TIPS #14 / 1040 PERSONAL RETURN TIPS What years income is on a Tax Return? Well for the vast majority of personal filers, you will go from jan 1st through Dec 31, a calendar year. You have to wait for the year to be over before you can file for that year. W4 Explained / The number of allowances on a W4 will determine the amount of Federal Withholdings that are deducted from your paycheck. The higher number of allowances you have on your W4 the less amount of Federal Withholdings will be deducted from your paycheck. HOW DO I GET BIGGEST REFUND / INCOME TAX TIPS #6 / W2 EXPLAINED / WHAT IS FEDERAL WITHHOLDINGS I cant tell you guys enough if you receive a W2 please check out the Federal Withholdings portion of the W2. It is box 2, if there is a number in federal withholdings its a good possibility you can get a refund. TAX RETURN BASICS / SINGLE FILING STATUS / NO DEPENDENTS / FORM 1040 PERSONAL RETURN / CPA STRENGTH tax season is just around the corner, and i want to try to teach people the basics of a tax return. I feel that most people no nothing about their tax return, which they might have to file every year. I hope you enjoy the video and learn something while being mildly entertained. FOR A BUSINESS ABLE TO BE TAXED AS AN S-CORP YOU NEED TO FILE A FORM 2553 / INCOME TAX TIPS #4 I thought this would be a good tip if you have a business an expect to file the business as an S-Corp for your businesses Federal Income Tax Accounting for Beginners #91 / what is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 youtube.com/watch?v=_pTU4... Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 youtube.com/watch?v=0--jJ... Basics / Accounting Equation Accounting For Beginners #3 youtube.com/watch?v=YXFEE... Journal Entries / Beginner Tips Accounting For Beginners #4 youtube.com/watch?v=Yy1Dt... Income Statement / Revenue - Expenses Accounting For Beginners #5 youtube.com/watch?v=fEtBF... The Balance Sheet / Basic Tutorial Accounting For Beginners #6 youtube.com/watch?v=XyB3m... Putting an Asset on the Balance Sheet Accounting For Beginners #7 youtube.com/watch?v=H4udC... Depreciating an Asset / Basics Accounting For Beginners #8 youtube.com/watch?v=xjXgp... Depreciation Expense / Basics #accounting #taxes #CPA