Fundamentals of Income Taxation (audio)

  • Credits: 2
  • Format: Self-Study Audio
  • Field of Study: Federal Tax Law
  • Author/Speaker: Allison M. McLeod, LL.M., CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01810-21-S | 6233-CE-0528 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© May 2021 Basic Understanding of Accountancy Self-Study Video | OnDemand Webinar | Live Webinar

Please join us for an introductory course on the fundamentals of preparing and filing an individual federal income tax return. We will cover topics such as what the federal income tax is and how it is computed. This course is ideal for CPAs, CFPs, EAs, and other tax preparers.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify how the federal income tax differs from other types of federal taxes.
  • Determine the steps in computing a taxpayer's federal income tax liability.
  • Differentiate tax consequences for terms commonly used for the federal income tax, such as "adjusted gross income," “qualifying child,” “tax credits,” “filing status,” and “kiddie tax.”
  • Recognize how an individual's standard deduction is determined.
  • Explain differences in the tax for ordinary income, capital gains, and qualified dividend income.
  • Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
  • Identify deadlines for filing income tax returns and estimated taxes and how to obtain an extension of time for filing a return.


Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)


Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: