[click to return to the previous page]

Capital Gains, Dividends and Income Brackets: Impact of the Reduced Tax Rates (Second Edition)

CCH Editorial Staff

Three major tax rates changes took effect for individuals in 2003 under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA): (1) across-the-board reduction of income tax rates on "ordinary income," (2) the lowering of the maximum tax rate on most net capital gains to 15 percent, and (3) the new 15 percent maximum tax on qualified dividend income.

This tax year is complicated by transitional rules for the computation of capital gains tax, which affect not only what qualifies for the lower rate but also how gains, losses, and dividends interrelate in computing and individual's overall tax for the year.

This course will review the impact of these changes on tax return preparation and tax planning.

Topics covered include:

  • Acceleration of EGTRRA's individual income tax rate cuts
  • Dividend income of individuals taxed at capital gain rates
  • Impact of rate changes on higher-income taxpayers
  • Impact of JGTRRA on families
  • Potential negative impact of JGTRRA
  • Choice of Entity

Course Details
Price:  $45.00
Field of Study:  Taxes
Prerequisites:  Basic knowledge of federal taxation
Level:  Update
CTEC course number:  1075-CE-4122
Course was last updated on:  06/07/07
[click to buy this course]
Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
[click to download acrobat reader]

This course makes use of Macromedia Flash and requires the Flash plugin. To test if your browser already has the proper Flash support installed, click here to view a test file. If you cannot see the image, please visit the Macromedia Flash website to download the latest version of the free Flash plugin for your browser.
Credit Available For: Units
CPE 2 CPE
QAS 2 CPE
CFP® (Accepted by the CFP Board) 2 CPE
Enrolled Agent (Accepted by the IRS) 2 CPE
CTEC Federal 2 CE

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.

User Reviews
Reviewer: Eric M. submitted on 01/24/2010
Structure and organization of content.
Reviewer: Roger G. submitted on 12/28/2009
The information provided
Reviewer: Angela Y. submitted on 08/20/2009
What I considered to be the strong points of this course are how change in income determines the tax rate and how certain types of income can offset income to be taxed.
[click to buy this course]