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

Registration Options
Quantity
Fees
Regular Fee $55

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