Turbo Tax Orientation 2020

Turbo Tax Orientation 2020


Hey awesome turbo tax accountant,
Mark Fronke here. This is the orientation for the turbo tax accounting
class accounting 61. I’m so glad you’ve signed up for the class and in this
brief video I’ll go through all the requirements in the class that you need
to worry about. We will first do a quick overview of the IRS Form 1040. We’ll
navigate through TurboTax and talk about income and adjustments to income, filing
status, claiming dependents, itemized deductions, tax credits and then
calculating the final amount due or the refund. You will earn points for the
cases that we do as well as the discussion board items. These will all be
done in canvas. The cases there are three different versions of three cases. So in
other words there, will be nine cases in total; three basic, three medium, and three
more complicated. The first version is the practice one. The practice case will
follow exactly what I do in the videos and will instruct you on
how to do the tax returns using TurboTax. Then there will be a case for submission
that will be worth 30 points. The case for submission will be exactly like the
example case but I will just change the names and the numbers. Then the third version
is the exam. The exam is exactly the same as the submission case and exactly the same
as the practice case with different numbers and different things. So you’ll
have three of those for each case. There is no textbook for this class. All the
case materials will be provided through the canvas system. So when you log
into canvas you will see this course in a list of all of your courses
that you’re taking at Cerritos College or are currently taking. You will, however,
have to buy the TurboTax software. I’ve given you a link here and on the
syllabus. The first week, you need to buy the software and install
it on your computer and make sure that it’s working properly. As of today,
January 6 2020, the software was $69.99 You might be able to find it cheaper at
Staples or Office Depot or somewhere else. As I said, there’s a practice
case, there’s three different versions. We will just be focused on case number one
initially which means there’ll be a practice case, there’ll be a case for
submission, and there’ll be an exam case. Again, these are the same case with
different names and different numbers and they will all be listed for you out in
Canvas. I will also have posted some discussion board items for you to
respond to. These will focus on taxes, on what’s considered fair taxes, what’s the
difference between a tax deduction and a tax credit, or income or expenses, or tax
avoidance versus tax evasion. I’ll just post lots of different things throughout
the semester that you need to respond to. These are the student learning outcomes
that we expect for students to know who complete this class successfully.
You’ll be able to identify certain income and expense items, credits, you’ll
be able to navigate the TurboTax software, and you’ll be able to prepare a
return to the end from scratch. So your job now is
to send me an email. In your email you need to use this specific language. This
is how I know that you watched the orientation and that you’re ready to get
started. I really appreciate you taking this class I look forward to
working with you. I think you’ll find that this will work just fine and will be
something that will be useful for you in the years coming. Thanks for
listening and I’ll talk to you soon

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