- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 3.0
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, including the dependency and support tests. This course has been updated for the relevant provisions of the Tax Cuts and Jobs Act. This basic level course is most beneficial to professionals new to this subject area who may be at the staff or entry level in an organization, but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, 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.