1040 Preparation and Planning 11: Tax Credits (2020)
Author: Barbara Weltman, Sidney Kess
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
This on-demand course covers types of tax credits, including refundable and nonrefundable tax credits; figuring each type of personal tax credit; which credits are reported in Tax and Credits and which in Other Taxes; and business tax credits.
Publication Date: November 2019
Designed For
Tax practitioners
Topics Covered
- Refundable and nonrefundable tax credits
- Personal tax credit amounts
- Business tax credits
Learning Objectives
- Distinguish between refundable and nonrefundable credits
- Figure each type of personal tax credit
- Determine which credits are reported in Tax and Credits and which in Other Taxes
- Identify business tax credits and understand the limitations under the general business credit
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
