Express Tax Course

Description:

This basic course gives an overview of Form 1040. Topics include filing status, standard and itemized deduction, income, which form to use, what credits the taxpayer qualifies for, and how to determine a qualifying dependent for the taxpayer. Other topics covered are capital gains and losses, adjustments to income, and much more.

Objectives:
At the end of this course, the student will be able to:

• Understand the importance of safeguarding the taxpayer’s documents

• Realize when to use Form 4868

• Understand the different e-filing options

• Understand how to complete Schedule 2 of Form 1040

• Explain how a nonrefundable credit affects the taxpayer’s tax liability

• Explain which deductions are limited to the 7.5% floor

Field of Study: Federal Tax Law 10 Hours, Behavioral Ethics 2 Hours
Course Level: Basic
Prerequisite: None
Delivery Method: Self-Study
Expiration Date to earn CEs: June 30, 2026