- Credits: 5
- Format: Scheduled Webinar
- Field of Study: Federal Tax Update
- Author/Speaker: Mary Jane Hourani, MM, EA
| Course ID: | Advanced Preparation: | Experience Level: |
|---|---|---|
| EWTFM-U-01822-21-O | 6233-CE-0540 | None | Overview |
| Published Date: | Program Prerequisites: | Other Course Formats: |
| © June 2021 | Basic Understanding of Taxation | Coming Soon! |
COURSE DESCRIPTION
This course is designed for practitioners in their first through fifth years of practice. This course provides a critical discussion of tax preparation with a theoretical and practical study of Form 1040 and certain accompanying schedules.
Some topics are discussed more in-depth to clarify issues related to those selected topics. This course will also familiarize practitioners with Ethical dilemmas, with careful consideration of EITC Due Diligence.
Learning Objectives:
After reading the course material, you will be able to:
- Determine Preparer Rules and Responsibilities
- Be familiar with tax-specific terminology.
- Establish a taxpayer’s filing requirements and status.
- Determine who is eligible to be claimed as a dependent.
- Recognize and report different types of income and adjustments to income.
- Understand legislation passed in response to COVID-19 Pandemic affecting taxpayers.
- Compare itemized deductions and the standard deduction.
- Describe several nonrefundable and refundable income tax credits.
- Determine documents required for EITC Due Diligence.
- Understand Confidentiality, Privacy, and Disclosure Policies.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Return Preparers (TRPs)
