Itemized Deductions – Medical Expenses and Taxes

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00021-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses the difference between the standard deduction and itemized deductions. This course also gets into medical and charitable deductions. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall the standard deduction amounts for the current year.
  • Recognize the deductibility characteristics of medical and dental expenses.
  • Recognize what taxes you can deduct if you itemize deductions.
  • Recall the types of charitable contributions you can deduct and the records you should keep.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials

  • <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

Adjustments to Income

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00020-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses income thresholds, additional taxes related to individual retirement arrangements, moving expenses, and education-related adjustments. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall the thresholds, requirements, and additional taxes related to individual retirement arrangements.
  • Recognize what moving expenses are and are not deductible.
  • Recognize what is and is not alimony.
  • Identify education-related adjustments that can be made to income.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

  • <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

Capital Gains and Losses

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00019-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses basis of property, taxes on the sale of personal property, and identifying special tax rules for selling your home. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Identify the factors to consider in calculating the basis of property.
  • Recognize the taxability of the sale of personal use property.
  • Identify the special tax rules related to selling your home.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Other Income

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00018-17-S
CE Credits: 1 hour
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 5
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses the taxability of various types of other income such as: Canceled Debts, Life Insurance Proceeds, Partnership Income, S Corporation Income, Recoveries, Rents from Personal Property, Repayments, Royalties, and Unemployment Benefits. This is a Basic tax course with no prerequisites, and qualifies for 1 CE credit in IRS Federal Tax Law.

Learning Objectives

  • Identify the taxability of various types of other income such as: Canceled Debts, Life Insurance Procceds, Partnetship Income, S Corporation Income, Recoveries, Rents from Personal Property, Repayments, Royalties, and Unemployment Benefits.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 5 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Income – Tips, Interest, Dividends, and Rental Income

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00017-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses income from Tips, Interest, Dividends, and Rental Income. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recognize what tips should be included in income for tax purposes.
  • Recall the proper tax treatment for various types of interest.
  • Identify the proper treatment of various types of dividends.
  • Recognize the proper treatment of rental property income and expenses for tax purposes.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Income – Wages, Salary, Social Security Income, and Retirement Plans

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00016-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses different types of income such as Wages, Salary, Social Security Income, and Retirement Benefits. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall what types of compensation are included as income for tax purposes.
  • Identify various requirements regarding retirement plan taxation.
  • Recognize key taxation thresholds related to social security income.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Form 1040 – Who Should File

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00015-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.
 –

Course Syllabus

Course Description
This self-study courses discusses the requirements for filing a tax return and which filing status to choose. It also discusses personal exemptions, dependents, and estimated tax. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recognize the length of the automatic extension provided by filing Form 4868.
  • Recognize the various filing statuses and who is eligible to use them.
  • Recall the various requirements for a qualifying child.
  • Identify the purpose of estimated taxes.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

<Course Materials Removed (Out-dated)>

Income Tax for Individuals (2016 Tax Returns)

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00014-17-S
CE Credits: 24 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 120

Course Syllabus

Course Description
This tax course provides an overview of the federal income tax laws for individuals. The general areas discussed cover who must file and which filing status can be used, the different tax forms to use, whether or not dependents can be claimed, when the return is due, and other general tax information. The course also explains whether income received is taxable, an explanation of standard deductions, various expenses that can be deducted, and the different types of credits that are available to reduce the total tax due. This course is a basic tax level course with no prerequisites, and qualifies for 24 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall important tax changes to be used for 2016 tax returns.
  • Recognize the length of the automatic extension provided by filing Form 4868.
  • Recognize the various filing statuses and who is eligible to use them.
  • Recall the various requirements for a qualifying child.
  • Identify the purpose of estimated taxes.
  • what types of compensation are included as income for tax purposes.
  • Recognize what tips should be included in income for tax purposes.
  • Recall the proper tax treatment for various types of interest.
  • Identify the proper treatment of various types of dividends.
  • Recognize the proper treatment of rental property income and expenses for tax purposes.
  • Identify various requirements regarding retirement plan taxation.
  • Recognize key taxation thresholds related to social security income.
  • Identify the taxability of various types of other income.
  • Identify the factors to consider in calculating the basis of property.
  • Recognize the taxability of the sale of personal use property.
  • Identify the special tax rules related to selling your home.
  • Recall the capital gains rates for the current year.
  • Recall the thresholds, requirements, and additional taxes related to individual retirement arrangements.
  • Recognize what moving expenses are and are not deductible.
  • Recognize what is and is not alimony.
  • Identify education-related adjustments that can be made to income.
  • Recall the standard deduction amounts for the current year.
  • Recognize the deductibility characteristics of medical and dental expenses.
  • Recognize what taxes you can deduct if you itemize deductions.
  • Recall what types of interest you can and cannot deduct.
  • Recall the types of charitable contributions you can deduct and the records you should keep.
  • Recall the tax treatment of personal casualty losses, theft losses, and losses on deposits.
  • Identify what business-related expenses related to travel, transportation, entertainment, and gifts are deductible.
  • Recognize what work-related education expenses are deductible.
  • Identify various miscellaneous itemized deductions that you may be able to claim on Schedule A to adjust taxable income.
  • Recognize the limits on itemized deductions for the different filing statuses.
  • Recognize various alternative minimum tax adjustments and preference items.
  • Recall the rules related to the tax on unearned income of certain children.
  • Recall how to figure the child and dependent care credit.
  • Identify who qualifies to take the credit for the elderly or disabled.
  • Recall who qualifies for the child tax credit and the additional child tax credit.
  • Identify the requirements for and benefits of the American opportunity credit and the lifetime learning credit.
  • Recall the limit of investment income to qualify for the earned income credit.
  • Recognize who is eligible to claim the premium tax credit.
  • Identify various nonrefundable and refundable credits available for income tax purposes.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 120 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Deductions – Home Office

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00012-17-S
CE Credits: 3 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 15

Course Syllabus

Course Description
This self-study courses discusses the tax rules regarding the business use of a home and identifies how daycare facilities in a home qualify for different rules than other businesses. This is a Basic tax course with no prerequisites, and qualifies for 3 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recognize the tax rules regarding the business use of a home.
  • Identify how daycare facilities in a home qualify for different rules than other businesses.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 15 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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Deductions – Car and Transportation

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00011-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10

Course Syllabus

Course Description
This self-study course discusses car expenses such as the standard mileage deduction or the actual car expenses, and knowing which option will maximize your deductions. Other topics discussed are Special Depreciation Allowance, deduction for leasing a car, and how the disposition of a car can affect your taxes. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall deductible transportation expenses.
  • Identify the Section 179 deduction requirements.
  • Recognize the rules regarding depreciation of transportation vehicles.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

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