Basic Individual Taxation Course (C61952)

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Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

04/23/2024

Registration Open:

12:00 AM - 10:30 AM

Time:

10:30 AM - 12:30 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxation (2.00)

Level of Knowledge:

Basic

Price:

Member: $89.00
Nonmember: $109.00

Individual Discounts:

Not Available

Overview

After attending this presentation, you will be able to...

  • 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

Highlights

The major topics covered in this class include:

  • 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

Speaker(s)

Prerequisites

None