Staff Training Part 1: Individuals

Author: Greg White

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

Registration Options
Quantity
Fees
Regular Fee $83.00

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