BASIC INDIVIDUAL TAX COURSE (UPDATED 2019)

4.5 (15)

Allison McLeod, DL

Allison M. McLeod LL.M. CPA A PLLC

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • AFSP

Credits: 2 CPE | 2 CE

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

2 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Who must file Income Tax Returns?4 mins
  • 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.

Who Should Attend?

  • Enrolled Agent
  • Tax Practitioners
  • Accountant
  • Business Owner
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA - Large Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Auditors
  • Tax Firm
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Outsourced CFO
  • Senior Accountant

Testimonial

4.5

(15)
60%
33%
7%
0%
0%

BG

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

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

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.