Staff Training Part 2: 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 common types of income, and the different types of itemized deductions. We’ll also cover important tax credits, including the earned income tax credit and tuition credits.

Publication Date: July 2020

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

Topics Covered

  • Dependent Care Credit
  • Earned Income Tax Credit
  • Complexity
  • Education Incentives
  • Saving for College: Saving Taxes
  • Tuition Credits (AOTC and Lifetime Learning)
  • Preparer Due Diligence
  • Form 8867
  • Interconnected Topics
  • Stress and Growth
  • Form 1040
  • Choice #1: Standard Deduction
  • Choice #2: Itemized Deductions Schedule A
  • Interest Expense (Itemized Deductions)
  • Mortgage Interest — Personal Residences
  • Our First Home
  • Mortgage Interest Expense
  • Investment Interest Expense
  • Medical Expenses (Itemized Deduction)
  • Property/Income/Sales Taxes
  • Fascinated vs. Frustrated
  • Charitable Contributions (Itemized Ddn)
  • Form 8283
  • Employee Expenses — Get Reimbursement
  • Form W‐2
  • Schedule B: Interest and Dividend Income
  • 1099‐INT
  • 1099‐DIV
  • Retirement Plan Distributions
  • Form 1099‐R
  • Recap of Staff Training Parts 1 & 2

Learning Objectives

  • Recognize how to compute the earned income tax credit
  • Recognize how to compute the tuition credit
  • Identify limitations on the amount of itemized deduction that can be claimed for home mortgage interest and personal taxes
  • Identify correct statements regarding the dependent care credit
  • Describe 529 plans
  • Recognize which form should be used in various client scenarios
  • Identify correct statements regarding charitable contributions
  • Describe common 10% early withdrawal exception for non-IRA type retirement plans
  • Identify correct statements regarding the lifetime learning credit
  • Identify the purpose of Form 8867


Instructional Method

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites

Advance Preparation

Registration Options
Regular Fee $83.00

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