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Individual Tax Fundamentals - Tax Staff Essentials

Author/Moderator: Wendy Kravit, CPA, MBA
Publisher: AICPA
Availability: Online Access
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Save when you buy the complete Tax Staff Essentials, Level 1 online bundle.

This CPE course provides you with up-to-date information on critical tax issues, giving you an outstanding foundation in the federal tax arena. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans.  The course also includes coverage of the PATH Act and Transportation and Highway Funding bill legislation.

Topics Discussed

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Sole proprietorships and hobby loss rules
  • Home offices, rental properties, and vacation homes
  • Passive activities
  • Travel and entertainment
  • Education related expenses
  • Health Savings Accounts
  • Self-insured Health Insurance
  • Alimony payments
  • Itemized deductions: medical, taxes, interest, charitable contributions, casualty and theft
  • Net Investment Income Tax
  • Kiddie Tax, Estimated Taxes, Shared Responsibility Payment
  • Tax credits
Learning Objectives

This course will prepare you to:

  • Recall the filing requirements for individual taxpayers
  • Determine the filing status of individual taxpayers
  • Recognize who can be claimed as a dependent by a taxpayer
  • Calculate the personal exemption allowable on a return
  • Identify which dividends are taxable
  • Calculate the correct tax rate for dividend income
  • Determine whether various interest income is taxable
  • Recall how to account for IRA and qualified plan distributions
  • Recall rules pertaining to IRA rollovers
  • Identify when Social Security benefits become taxable
  • Determine the amounts allowable for deducting travel and transportation expenses, meal expenses, and entertainment expenses
  • Identify deductible student loan interest
  • Recognize what qualifies for the higher education tuition deduction
  • Recognize and apply rules related to health savings accounts (HSAs)
  • Calculate the moving expense deduction
  • Calculate the self-employed health insurance deduction
  • Identify deductible alimony payments
  • Determin the deduction for domestic production activities
  • Determine when a taxpayer is required to use the standard deduction or may itemize deductions
  • Calculate the reduction of itemized deductions for high income taxpayers
  • Calculate the deduction for investment expenses
  • Calculate the deduction for employee business expenses
  • Determine the correct treatment for miscellaneous itemized deductions
  • Determine the correct amount of the Child Tax Credit
  • Determine when a taxpayer is eligible for the Child and Dependent Care Credit
  • Determine whether an individual is eligible for the Premium Tax Credit for Health Plans
  • Calculate the Higher Education Tax Credits

Who Will Benefit?
CPAs and accountants new to taxation

Prerequisite: None

Advance Preparation: None

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the Tax Section.

NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 12.5
Individual Tax Fundamentals - Tax Staff Essentials
CPE On-Demand 2016
Product# 157582
Availability: Online Access 1 Year
For registered users only
AICPA Member:$199.00
Your Price:$249.00
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