- NY Credits : 4.0
- TX Credits : 4.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 4.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 4.0
Individual Income Tax - Overview
Learn the basics surrounding the IRS Form 1040 and individual income taxation. Learn all about available accounting methods, recordkeeping, and the necessary forms. This course discusses filing statuses for taxpayers, personal exemptions, and dependent exemptions, including the dependency tests. This course has been updated for the relevant 2017 provisions of the Tax Cuts and Jobs Act.
Upon successful completion of Individual Income Tax - Overview, the user should be able to:
summarize the history of the U.S. income tax,
assess accounting methods and the recordkeeping requirements, and
recognize the Form 1040 sections.