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Individual Income Tax Refresher Course Part 2: Gross Income (2005 Edition)

Sidney Kess

The second course in the series on Form 1040 preparation provides line-by-line guidance for the Income section of Form 1040. Income comes in many guises, so the course clarifies how to determine entries for a myriad compensation arrangements, from regular wages to independent contract fees to barter arrangements and de minimis fringe benefits.

Topics covered include:

  • General Concepts: What the IRS Considers Income
  • Compensation
  • Interest Income
  • Dividends
  • Recovery of State and Local Income Taxes and the Tax Benefit Rule
  • Capital Gains and Losses
  • Pension and Annuities
  • Debt Cancellation
  • Unemployment Compensation
  • Social Security Benefits
  • Damages
  • Illegal Income
  • Business Income
  • Other Income

Course Details
Price:  $60.00
Field of Study:  Taxation
Prerequisites:  Individual Income Tax Refresher Course Part 1: New Developments and Filing Requirements (2005 Edition)
Level:  Update
Course was last updated on:  11/16/04
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Library:

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
Law (Accepted by the State Bar of California) 4 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.

User Reviews
Reviewer: Lilian B. submitted on 11/25/2005
great overview of income items
Reviewer: Jennifer M. submitted on 10/14/2005
Income rules and regulations.
Reviewer: Lisa J. submitted on 08/06/2005
Layout of the course. Well orgainized.
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