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Staff Training Part 1: Individuals (Currently Unavailable)

CPE Credit:

4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC

Tax practice is a complicated field. We’ll break it down into understandable concepts, including filing status, tax brackets, and tax dependents. We’ll also cover important tax credits, including the child tax credit.

Publication Date: July 2020

Designed For
Designed for tax professionals involved in federal tax planning or tax return preparation.

Topics Covered

Why Is Tax Practice a Great Undertaking?
Tax Practice
Helping Others
Preparing for College and Retirement
Preparing for Your Own Life
Relearning
Tax Law: Structure of Tax Law
Form 1040
Standard Deductions
Tax Brackets
Who Must File
Forms
Interconnected Topics
Filing Status Options
Determining Filing Status: Overview
Inevitable Mistakes
Dependents
Key to Unlocking Benefits
Qualifying Child
Tiebreakers
Qualifying Relative
Credits: Dollar for Dollar Benefit
Income and Interconnected Benefits
Child Tax Credit and Other Dependents Tax Credits
Form 8332

Learning Objectives

Recognize how to choose the best filing status for your client
Identify the tax consequences of getting married
Identify individuals who are eligible to be claimed as dependents
Recognize how to compute the child tax credit
Identify an example of an above the line deduction
Identify examples of itemized deductions
Identify 2019 standard deductions for various types of filers
Recognize which IRS Forms apply to various taxpayers

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None

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