23WX-4063: Basic Individual Taxation Course (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, April 23, 2024
10:30am - 12:30pm Central Time
2 CPE (2 technical)

Please join us for an introductory course on the fundamentals of preparing and filing an individual federal income tax return. We will cover topics such as what the federal income tax is and how it is computed. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

• Defining Federal Income Taxes
• Computing federal income tax liability
• Calculating adjusted gross income
• Defining Qualifying Child
• Determining filing status
• Calculating the Kiddie Tax
• Standard deduction
• Tax Rates for ordinary income, capital gains, and qualified dividend income
• Cash v. Accrual Method
• Filing deadlines and obtaining extensions

Learning objective(s)

• Identify how the federal income tax differs from other types of federal taxes
• Determine the steps in computing a taxpayer's federal income tax liability
• Differentiate tax consequences for terms commonly used for the federal income tax, such as "adjusted gross income," "qualifying child," "tax credits," "filing status," and "kiddie tax"
• Recognize how an individual's standard deduction is determined
• Indicate differences in the tax for ordinary income, capital gains, and qualified dividend income
• Recall the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions
• Identify deadlines for filing income tax returns and estimated taxes and how to obtain an extension of time for filing a return

Who should take this program?

CPAs, CFPs, EAs and other tax preparers

Fees

Standard Member Fee	$89.00
Standard Nonmember Fee	$89.00