- NY Credits : 9.0
- TX Credits : 9.0
- CTEC Credits : Federal Tax Law Update - 9.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 9.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 9.0
This interactive self-study course covers issues related to filing status, exemptions, income and adjustments, medical expenses, deductible taxes, interest expense, personal credits, and tax payments. This course includes the Tax Cuts and Jobs Act, the Taxpayer First Act of 2019, the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019, and the Tax Certainty and Disaster Tax Relief Act of 2019 (Tax Extenders).
Course Expiration Date: February 28, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Determine the appropriate filing status and personal exemptions.
Report wages and other information from Form W-2.
Determine the tax rate applicable to qualified dividends.
Apply the rules relating to distributions from traditional and Roth IRAs and describe how to convert a traditional IRA into a Roth IRA.
Apply the rules covering education savings accounts and health savings accounts.
Determine the standard deduction applicable to each filing status.
Apply the rules relating to deductible state income or sales taxes, real estate taxes and personal property taxes.
Determine eligibility and deductibility of various personal credits available to individuals.
Identify when the penalty for underpayment of estimated tax applies.