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1040 Preparation and Planning Part 4: Tax Computations and Credits (2006 Edition)

Sidney Kess and Barbara Weltman

The purpose of this series of courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season. It offers quick answers and hands-on help for tax return preparation that has become increasingly complex by several recently passed tax Acts.

This fourth course in the series reviews how the tax liability is computed, then describes different credits and deductions. After examining the computation of tax, the course discusses the distinction between a tax deduction and a tax credit.

The most important and most often encountered credits are covered, including the child tax credit, the credit for the elderly and the permanently and totally disabled, the earned income credit, higher education credits and a credit for child care expenses. The course also covers several credits available to individuals who own a business or have certain investments.

Course Details
Price:  $65.00
Field of Study:  Taxes
Prerequisites:  1040 Preparation and Planning Part 3: Deductions
Level:  Basic
CTEC course number:  1075-CE-8383
Course was last updated on:  01/09/06
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Technical Requirements:
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Credit Available For: Units
CPE 4 CPE
QAS 4 CPE
CFP® (Accepted by the CFP Board) 4 CPE
Enrolled Agent (Accepted by the IRS) 4 CPE
CTEC Federal 4 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: Teal C. submitted on 07/18/2007
Well oprganized.
Reviewer: Fred D. submitted on 11/27/2006
study questions
Reviewer: Laura N. submitted on 11/03/2006
1. Well-organized 2. Current information 3. Study questions aided in understanding the material
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