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1040 Schedule A

Tax CE >> California >> Tax Preparer

Study Level:  Basic
Delivery Method:  Online self-study
Provider of Record:  WebCE
Tax Year:  2017
Field of Study:  Taxes
Prerequisites:  None

Course Description:

Schedule A is usually considered one of the easiest forms to fill out. But are we really making sure that our clients are getting all the deductions they deserve? Within Schedule A, there are many often overlooked deductions. In this course, we will discuss:

  • medical expenses
  • deductible taxes
  • deductible interest
  • charitable contributions
  • casualty, disaster, and theft losses
  • miscellaneous itemized deductions

Since one of the keys to preparing a good tax return is asking the right questions, we will offer some advice on what you should be asking your clients.

Learning Objectives:

Upon successful completion of this course, students will be able to:

  • In relation to Form 1040 Schedule A:
    • given a list of medical expenses incurred by a taxpayer, identify those which may be itemized and calculate the deduction
    • identify the taxes that may be deductible, including the real estate and sales taxes that apply in different states and municipalities
    • identify the types of mortgage interest and points that taxpayers may deduct
    • identify eligible cash and non-cash charitable donations and the types of documentation that are needed to support their deduction
    • identify investment fees and unreimbursed employee expenses that may be claimable by a taxpayer and determine the correct amount of the deduction

Revised date: September 2017