Course Information

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1040 Preparation and Planning 3: Deductions (2012 Edition)
Author: Sidney Kess and Barbara Weltman

Description:

The third course in this series looks at the deductions that taxpayers are permitted to take to reduce their tax. This course covers adjustments to gross income, the standard deduction, and itemized deductions for medical expenses, taxes, interest, charitable contributions, and miscellaneous itemized deductions.

Upon completion of this course, you will be able to:

  • Identify deductions that can be claimed without itemizing
  • List which items can be deducted as medical expenses
  • Identify which type of interest is deductible
  • Determine which taxes are deductible
  • Figure charitable contribution deductions and comply with substantiation requirements
  • Figure unreimbursed employee business deductions
  • Determine other miscellaneous itemized deductions
Course Details:
Price:  $75.96
Field of Study:  Accounting
Prerequisites:  None
Level:  Basic
CTEC course number:  1075-CE-9839
Course was last updated on:  10/26/2011
Library:
Tax Return Preparation

Technical Requirements:
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Credit Available For: Units
CPE 4.00 CPE
CTEC Federal 4.00 CE
Enrolled Agent (Accepted by the IRS) 4.00 CPE
QAS 4.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.