Calculating the Federal Tax Liability - Basic formula and Tax Rates9 mins
Knowing Form 1040 and its schedules10 mins
Understanding of different type of Tax Years28 mins
Recognition of income and its rules for Federal Income Tax purpose58 mins
How to determine Filing Status for Federal Income Tax Purpose?70 mins
Various Exclusions, Exemptions, and Deductions for the Federal Income Tax78 mins
Standard and Itemized Deductions & its impact on Federal Income Tax83 mins
Common Tax Concepts88 mins
Use and importance of Tax Credits91 mins
Taxability of the Social Security Income101 mins
Estimated Payments for Federal Income Tax102 mins
Course Description
Please join us for an introductory course on the fundamentals of preparing and filing an individual federal income tax return. We will cover topics such as what the federal income tax is and how it is computed. This course is ideal for CPAs, CFPs, EAs and other tax preparers.
Learning Objectives
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
Recognize how an individual's standard deduction is determined.
Explain differences in the tax for ordinary income, capital gains, and qualified dividend income.
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
About Presenter
Allison McLeod, DL
Accounting Manager, Allison M. McLeod LL.M. CPA A PLLC
Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas in Denton, Texas. She has also taught at the UNT College of Law as an adjunct law professor. Prior to her career in academia, Professor McLeod spent 18 in industry, working for a Big 4 accounting firm. a major retailer and an international cement company. In addition to her academic duties, Professor McLeod has had the privilege of teaching ethics to Texas CPAs across the State since 2011 and regularly serves as an expert witness on accounting malpractice cases. She is the owner of CPAEthicsOnline.com, which provides ethics CPE courses online for CPAs nation-wide. She occasionally serves as an expert witness in accounting malpractice cases.
Allison M. (Yee) McLeod, LL.M., JD, CPA, has served as an expert witness in multi-million dollar cases involving tax litigation and accounting malpractice. Professor McLeod also a full-time Senior Lecturer at the University of North Texas in Denton, Texas. Her courses include Ethics, Corporate Taxation, Tax Research and Financial Accounting. In addition to her academic duties, Professor McLeod has had the privilege of teaching ethics to Texas CPAs across the State since 2011 and regularly serves as an expert witness on accounting malpractice cases.
FAQ
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
Testimonial
4.5
(15)
60%
33%
7%
0%
0%
BG
Beverly Guthrie
Nov 21st 2019
Allison did a fantastic job. The simplicity of the slides and examples made it easy to follow and understand. The speaker presentation and slides were excellent
JP
joel posin , CPA(
Nov 21st, 2019
I was impressed by the knowledge of this presenter. She presented in a way that was easy to understand and placed emphasis on the topics that matter the most to a tax professional
KM
Kimberly Maia-Zwick , .
Oct 30th, 2020
I found the webinar content to be very informative. This webinar needs to be longer. The presenter did not have enough time to finish the webinar.
I do not recommend myCPE for CE or CPE. I was cut off from submitting the completed final quiz on my first attempt. myCPE reopened the quiz but most of the questions in "this" final quiz do not go along with this webinar.
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