Overview
Each year, tax return preparation must consider inflation-related changes and new tax laws. Stay ahead of these changes with this course covering new tax laws, recent updates, a general tax review, and important rules for tax preparer ethics, practices, and procedures.
Learning Objectives
- identify the principal individual income tax changes brought about by recent legislation
- apply the inflation-adjusted and other limits to the proper preparation of taxpayers' income tax returns
- recognize the federal income tax filing statuses and the criteria for their use
- identify the types of income that must be recognized
- apply the tax rules to the various credits and adjustments to income that are available to taxpayers
- recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns
- identify the duties and restrictions imposed on tax preparers under Circular 230
Tax Year: 2023
Designed For
CPAs, EAs, and tax professionals at any level of their career
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