- NY Credits : 8.0
- TX Credits : 8.0
- CTEC Credits : Federal Tax Law Update - 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 8.0
RIA's 2018 Federal Tax Review Course Module 1 (QZN184)
RIA’s 2018 Federal Tax Review Course Module 1 is a general refresher course in Federal taxation of individuals. It is designed to reinforce basic tax law interpretations while keeping practitioners up to date on the latest and most important changes. The course has been updated to reflect the 2017 retroactive provisions of the Tax Cuts and Jobs Act of 2017.
Course Expiration Date: November 30, 2018
Identify and compute key tax items, such as gross income, deductions from gross income, itemized deductions, and taxable income; and apply the special rules for determining the tax on unearned income of young individuals.
Describe the tax treatment of compensation and investment income and identify when employee benefits are included in income and when they are excluded.
Recognize income from other sources, including self-employment, insurance and annuities, gifts and inheritances, prizes and awards, insurance and damages, debt discharges, and expense reimbursements.
Determine the basis of property and when gain or loss is recognized if the property is sold or exchanged.
Discuss capital gains and losses and the netting process.
Discuss standard and itemized deductions, the limitations associated with deductions, and personal and dependency exemptions under the current tax Code.
Determine the tax benefits related to retirement contributions, medical and health savings accounts, and education expenses.
Distinguish between refundable and nonrefundable credits.
Apply the eligibility requirements for, and limitations on, personal tax credits.
Demonstrate an understanding of tax withholding requirements.
Compute required installments of estimated taxes.
Determine a taxpayer’s tax filing status and tax filing and payment responsibilities.
List the special liability rules and relief provisions for joint return filers.
Identify basic structural and computational elements of the alternative minimum tax.
Overview of Individual Income Tax
Sales and Exchanges
Withholding and Estimated Taxes
Tax Returns and Payment of Taxes
Individual Alternative Minimum Tax