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 event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Distinguish the newest tax developments and changes to the Internal Revenue Code
- Select effective and efficient techniques for implementing new standards
Major Topics
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
