This course focus 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: August 23, 2023
- 1. Individual Tax Considerations
- 2. Claiming Dependents on a Tax Return
- 3. Ponzi Scheme Theft Losses and The Repayment of Profits by Those Who Prospered (THE “CLAWBACK”)
- 4. Introduction to Accounting for Income Taxes Based on Income
- 5. The Internal Revenue Service Streamlined Procedure
- 6. International Tax: PFICs
- 7. NFP Tax Considerations: Tax Exempt Entity State and Federal Filing Requirements
- 8. International Taxable Acquisitions and Dispositions
- 9. Ponzi Scheme Theft Loss
- 10. IRS Ethics and Conduct Rules: What Every Accountant Needs to Know
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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
.
Andrew ClarkInstructor