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Dependency Detectives

  • AFSP
  • CPA (US)
  • EA
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

I knew he was trouble the minute he walked through the door of the office I shared with my partner, CPA Sam Spade. 

“I need your help, miss…” he stammered. 

“It’s Agent. Enrolled Agent Nora Charles. 

What seems to be the trouble?” 

He laid out the sordid details: his girlfriend has a kid, she isn’t going to claim him on her tax return, wants me to put the kid on his. It seemed like a simple enough request, but something didn’t smell right, and I’d been in the business long enough to know that these things were never as simple as they seemed. I knew I was going to have to dig deep on this one, and my client might not like what I find. But hey, that’s the job.

We’re on the case to solve the mysteries of dependency in this CE/CPE tax webinar with an in-depth investigation into common (and uncommon) dependency situations.

If you have a family, you need to know how the IRS defines “dependents” for income tax purposes.

Why?

Because it could save you thousands of dollars on your taxes.

For tax years before 2018, for every qualified dependent you claim, you reduce your taxable income by the exemption amount, equal to $4,050 in 2017. This adds up to substantial savings on your tax bill.

For tax years 2018 through 2020, exemptions have been replaced by an increased standard deduction, a larger Child Tax Credit, a bigger Additional Child Tax Credit, as well as a new Credit for Other Dependents, which is worth up to $500 per qualifying dependent.

For your 2021 tax return that you will prepare in 2022, the Child Tax Credit is expanded by the American Rescue Plan raising the per-child credit to $3,600 or $3,000 depending on the age of your child. The credit is also fully refundable for 2021.

This CE/CPE tax course will also discuss these dependent-related credits and deductions.

Learning Objectives

  • To analyze qualifications for claiming dependents either as Qualifying Child or Qualifying Relative.
  • To explore requirements and implications of dependent-related filing statuses.
  • To discuss dependent-related credits and deductions.

Recommended For

  • This IRS-Approved CE/CPE webinar is recommended for CPA, EA, AFSPs, CTECs, Tax Professionals, Tax Directors, Tax Practitioners, and Tax Attorneys desiring to understand everything about dependent-related credits and deductions.
  • This CE/CPE course is insightful for tax managers, CFOs, controllers, compliance managers, risk managers, and business owners.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 2 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0803)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00862-21-O)

Presenter

About Presenter

Shannon Hall, EA

Founder Shannon Hall Tax, Inc

Shannon has worked in the tax industry for over a decade, working in both boutique practices and corporate settings before opening her own practice in 2017.  She has served as an office manager and an instructor, and continues to educate as a speaker for local tax organizations.

About Company

Shannon Hall Tax, Inc

shannonhalltax.com/

We strive to provide the highest level of skill and service to our clients.  We believe that preparing for and filing your taxes doesn’t have to be a painful experience.  We are available year-round to answer any questions you may have, or to help with planning and organizing to make sure that the tax prep process is smooth and simple.

We love the challenge of a unique career or tax situation and are always improving and expanding our skills and knowledge.

Drop us a line and find out what we’re all about!

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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Dependency Detectives

$20

2 Credits

Subject Area

Taxes