Fundamentals of Individual Taxation

Fundamentals of Individual Taxation


Please join us for a 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.


· 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

  By the end of this course, the
participant should be able to:

1. Identify how the federal income tax differs from other
types of federal taxes.

2. Determine the steps in computing a taxpayer’s federal
income tax liability.

3. Differentiate tax consequences for terms commonly used
for the federal income tax, such as “adjusted gross income,”
“qualifying child,” “tax credits,” “filing status,” and “kiddie tax.”

4. Recognize how an individual’s standard deduction is

5. Explain differences in the tax for ordinary income,
capital gains, and qualified dividend income.

6. Discuss the difference between the cash and accrual
method, and the correct period in which taxpayers must recognize income and/or

7. Identify deadlines for filing income tax returns and
estimated taxes and how to obtain an extension of time for filing a return.


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SKU: AM-121.23|Credits: 2| Federal Tax Law|Webinar|Allison McLeod Category: Tag: 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: