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Individual Income Tax Refresher Course Part 6: Itemized Deductions (2005 Edition)

Sidney Kess

Taxpayers itemize deductions on Schedule A when they file tax returns. Itemizations encompass medical and dental expenses, certain types of taxes paid, interest expenses, charitable contributions of cash and property gifts, casualty and theft losses, and other deductions that exceed 2% of adjusted gross income. This course provides an overview of when and how to correctly itemize deductions.

Topics covered include:

  • Exemptions
  • Qualifying Dependent Requirements
  • Using the Tax Table Versus Tax Rate Schedules
  • Thresholds for the Phase-out of Personal Exemptions
  • Calculating the Kiddie Tax for Minors
  • Calculating the Alternative Minimum Tax
  • Determining the Self-Employment Tax
  • The Nanny Tax for Household Employees

Course Details
Price:  $60.00
Field of Study:  Taxation
Prerequisites:  Individual Income Tax Refresher Course Part 5: Form 1040 Business Income and Expenses (2005 Edition)
Level:  Update
Course was last updated on:  12/08/04
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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: Jenny B. submitted on 11/24/2005
Ease of use
Reviewer: Susan D. submitted on 10/03/2005
I liked all of the references to current cases. However, I did not like the fact that I could not access those cases without paying.
Reviewer: Jonathan K. submitted on 04/27/2005
conveniencde
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