| Federal Income Tax for Individuals I
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Back to Course Descriptions
The Federal Income for Individuals Tax I course is designed for CPA CPE and for EA CE. General information about this course is listed below.
Prerequisite - None
Program Level - Basic
Advance Preparation - None
Instructional Delivery Method - This course includes a minimum of 5 review questions with correct and incorrect responses and 5 exam questions for each cpe hour. For the best results we recommend the following steps to complete this course:
(1) Complete the reading assignments. We recommend you read and study all of the required materials prior to beginning the review or final exam.
(2) Complete the related review questions. Each review question offers interactive feedback for all questions. We recommend that you view all feedback, correct and incorrect, to each question. These responses focus on key areas related to the questions and will assist in preparing for the exam.
(3) Complete the exam. Review any incorrect answers.
Recommended CPE Credit - 10 hours (20 hours for Enrolled Agents). These hours are based on pilot testing results and a 100 minute study hour (50 minute study hour for Enrolled Agents) .
Course Registration Requirements - CPAs should check the Sponsor Information page to determine if this course is available in their state of registration.
Lesson and Objectives |
Reading
Assignment |
1. The income tax return |
Part 1 |
The learning objectives for this lesson are to gain an understanding of:
- Filing information
- Filing status
- Personal exemptions and dependents
- Decedents
- Tax withholding and estimated tax
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2. Income |
Part 2 |
The learning objectives for this lesson are to gain an understanding of:
- Wages, salaries and other earnings
- Tip income
- Interest income
- Dividends and other corporate distributions
- Rental income and expenses
- Retirement plans, pensions and annuities
- Social security and equivalent railroad retirements benefits
- Other income
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3. Gains and losses |
Part 3 |
The learning objectives for this lesson are to gain an understanding of:
- Basis of property
- Sale of property
- Selling your home
- Reporting gains and losses
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4. Adjustments to income |
Part 4 |
The learning objectives for this lesson are to gain an understanding of:
- Individual retirement arrangements (IRAs)
- Moving expenses
- Alimony
- Education-related adjustments
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