1040 Preparation and Planning 10: Other Taxes (2020)

Author: Barbara Weltman, Sidney Kess

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This on-demand CPE course addresses the alternative minimum tax, employment taxes for the self-employed and household employees, the net investment income tax and additional Medicare taxes, as well as the individual healthcare mandate exemptions and penalties. It also discusses the recapture of the first-time homebuyer credit.

Publication Date: November 2019

Designed For
Tax practitioners

Topics Covered

  • AMT
  • Self-employment taxes
  • Healthcare tax issues
  • Net investment income tax
  • First-time homebuyer credit

Learning Objectives

  • Distinguish between refundable and nonrefundable credits
  • Figure each type of personal tax credit
  • Determine which credits are reported in Tax and Credits and which in Other Taxes
  • Identify business tax credits and understand the limitations under the general business credit

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $55

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