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Individual Taxation Basics

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Form 1040: Federal Taxation
on Individual Income. (Active Course)

Form 1040

 

PROGRAM INFORMATION

 

Program Name:
Form 1040: Federal Taxation on Individual Income

 

Program Description:

This program constitutes a comprehensive approach for attendees who are eager to get an in-depth understanding of individual taxation.  It outlines basic fundamentals on individual income tax such as Filing Requirements, Filing Status, Definition of Income, Accounting Methods, Exclusions, Adjustments to Income, Deductions, Exemptions and Credits.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • The three different tax forms available for reporting individual income (e.g. 1040EZ, 1040A and 1040) and applicability parameters depending on filing requirements.
  • The five different filing statuses and attributes that define each.
  • The differences between exclusions, adjustments, deductions, exemptions and credits and the incidence of each on the final result: tax liability.
  • The definition of income, what and when is it considered as such, and how is it treated for tax purposes depending on its source.
  • Tax withholding, payments and credits (both nonrefundable and refundable).

 

Number of Credit Program Hours: 8

 

Targeted Audience:
The program is both an entry level for prospective practitioners with little to non-prior experience in tax preparation, and a great tool to update, reinforce and clarify basic concepts of individual taxation.

 

Format: Live Presentation
Availability: According to schedule
Price: $149.00



Form W4: the importance of correct withholding and its incidence on year-end tax liability or refund.

Form W4.

 

PROGRAM INFORMATION

 

Program Name:
Form W4: the importance of correct withholding and its incidence on year-end tax liability or refund.

 

Program Description:

Detailed overview of form W-4 and its use with an employer in order to produce the correct amount of withholding. 

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • Difference between a dependent and an allowance.
  • How to properly fill out Form W-4 to have an employer withhold the correct amount.
  • The use of the IRS' withholding calculator to optimize the amount of a paycheck.

 

Number of Credit Program Hours:1

 

Targeted Audience:
The program is intended for an audience of practitioners/taxpayers who have little to non-knowledge on the purpose of withholdings. 

 

Online Format (Webinar)
Material:Written outline (pdf)
Availability: According to schedule
Price: $55.00

Self-Study Format
Material: Written outline (pdf)
Availability: Immediate
Price: $29.00



EITC, the cornerstone of tax benefits
for lower income individuals.

Earned Income Tax Credit, EITC

 

PROGRAM INFORMATION

 

Program Name:
EITC, the cornerstone of tax benefits for lower income individuals.

 

Program Description:

In depth review on the requirements a taxpayer needs to fulfill to claim the Earned Income Tax Credit, EITC.  Common errors on determining the availability and/or amount of the credit, and the consequences of filing a wrongful claim, both for the taxpayer and the preparer.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • How to determine who does and who doesn’t qualify for this sizeable refundable credit by taking a snapshot to a few attributes.
  • TIN, Relationship, Age, Residency and Joint Return requirements for both primary and secondary taxpayers, as well as qualifying children.
  • Preparer Due Diligence
  • Awareness on fraudulently claimed EITC and consequences.
  • Unintentional errors caused by the complexity of the law and intentional disregard.

 

Number of Credit Program Hours: 4

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.  

 

Live Course Format
Material: Written outline
Availability: According to schedule
Price: $150.00

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $125.00

Self-Study Format
Material: Written outline (pdf)
Availability: Coming soon
Price: $99.00



Nonrefundable and refundable credits. Understanding the differences.

Nonrefundable and refundable credits.

 

PROGRAM INFORMATION

 

Program Name:
Nonrefundable and refundable credits.  Understanding the differences.

 

Program Description:

Through the use of practical examples, this program reviews a list of all the credits available to most taxpayers with a distinction of which of those produce a refund and which don’t.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • Immediately recognize which credits are refundable.
  • Immediately recognize which credits are non-refundable.
  • Calculations involved in determining the amount of each credit and its application to the tax liability.

 

Number of Credit Program Hours: 2

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.

 

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $65.00

Self-Study Format
Material: Written outline (pdf)
Availability: Coming soon
Price: $39.00



Affordable Care Act.
Why is it a program administered by the IRS?

Affordable Care Act. Why is it a program administered by the IRS?

Individual Tax Identification Number, ITIN. Applicability, requirements, credentials and procedures.

Individual Tax Identification Number, ITIN. Applicability, requirements, credentials and procedures.

SSN vs ITIN: a thorough review of tax benefits availability.

SSN vs ITIN: a thorough review of tax benefits availability.

Ethical considerations on tax return preparation.

Ethical considerations on tax return preparation.

2016 Annual Filing Season Program, AFSP.

2016 Annual Filing Season Program, AFSP

 

PROGRAM INFORMATION

 

Program Name:
2016 Annual Filing Season Program, AFSP.

 

Program Description:

 

Syllabus:

 

Number of Credit Program Hours:

 

Targeted Audience:

 

Format: Live Presentation
Availability: According to schedule
Price: $359.00



2017 Annual Federal Tax Refresher (Active Course)

2017 Annual Federal Tax Refresher

PROGRAM INFORMATION

Program Name:
2017 Annual Federal Tax Refresher

Program Description:
The Annual Federal Tax Refresher (AFTR) course is a 6-hour course covering general filing season issues, as well as new tax law updates.  It requires a mandatory, three-hour, 100 question, open book, test to ensure comprehension of the materials.
It is a requisite for certain preparers to achieve the IRS’ 2018 AFSP Record of Completion.
All questions are multiple choice format and the student must answer a minimum of 70% correctly to pass the course and get continuing education credit.
Our course includes the following:

  • A 149-page pdf document containing all of the material specified by the IRS.
  • Access to an online 3-hour, 100-question test, which can be taken as many times as needed to achieve the minimum 70% passing score.
  • Diagnostic by Domain of knowledge.

In addition, if you are having issues in achieving passing score after several attempts, please contact us for some test taking techniques guidance.

Number of Credit Program Hours: 6

Targeted Audience:
The program is designed for practitioners who want to broaden their scope of services from the individual return preparation to the business entity tax knowledge.

Self-Study Format
Material: Written outline (pdf)
Availability:Immediate
Price: Then $99.00 Now: $ 49.00