Individual Tax (The Basics) (video)

  • Credits: 5
  • Format: Self-Study Video
  • Field of Study: Federal Tax Update
  • Author/Speaker: Mary Jane Hourani
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Available Formats:          
Advanced Preparation: None
Experience Level: Overview
Program Prerequisites: General Understanding Taxes
Course ID: EWTFM-U-01822-21-S | 6233-CE-0540
Published Date: © June 2021

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)
  • Other Tax Return Preparer (OTRP)

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