- Credits: 5
- Format: Self-Study Video
- Field of Study: Federal Tax Update
- Author/Speaker: Mary Jane Hourani
*Content Preview
| 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:
