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This course focuses on the updated filing requirements surrounding individual taxpayers across all filing types. Additionally, this course will go into detail regarding the updated basic standard deduction, additional standard deduction, personal deduction, and penalty amounts. Finally, this course will go over the filing of a deceased taxpayer's federal income tax return and the treatment of decedent income.

Learning Objectives

  • Recognize the new standard deduction amounts across all filing statuses.
  • Identify the requirements that must be met to file as any of the five filing statuses.
  • Identify the new standard deduction and additional standard deduction amounts.
  • Recognize the circumstances that will disallow taxpayers from taking the standard deduction.
  • Identify when a taxpayer is required to file their federal income tax return.
  • Recognize the various penalties associated with filing a return or paying taxes late.
  • Identify the tax responsibilities and treatment of income associated with a recently deceased taxpayer.
Last updated/reviewed: July 26, 2022

3 Reviews (21 ratings)Reviews

3
Anonymous Author
Had some good content but everything in the lecture was also on the slides with large blocks of text. Could have just read through the slides instead of listening to the lecture and gotten all of the same points.
5
Member's Profile
I thought this course would be more about what's new/different in 2020 but really it was very comprehensive covering off on all the basics. A 1 hour update would have been more useful to me, personally.
5
Member's Profile
Relevant information provided in a concise manner.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  5:10Introduction to Individual Filing Requirements 2020
  19:46Tax Return Requirements
  17:52Overview of Filing Statuses: Single and Head of Household
  11:42Overview of Filing Statuses: Married Filing Jointly
  10:10Overview of Filing Statuses: Married Filing Separately and Surviving Spouse
  13:52Overview of The Standard Deduction
  18:24Filing Requirements for Individual Tax Payers
CONTINUOUS PLAY
  1:36:56Individual Filing Requirements 2020
SUPPORTING MATERIAL
  PDFSlides: 2022 Individual Filing Requirements
  PDF2022 Individual Filing Requirements Glossary
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM