Course Information
Course No: 9800
Course Name: 2008 Federal Income Tax Return - Part I
Field of Study: Taxation
Course Material: J.K.Lasser's Your Income Tax 2009 suplemented by IRS Publication 17
Program outline:
The course provides a comprehensive guidance on 2008 tax return and includes valuable tax alerts and tax planning guides.
It begins with the rules for filing a tax return and then explains who must file a return, which tax form to use, when the
return is due, and other general information. The rules for claiming a filing status and dependents are clearly explained.
This course addresses income items from various sources and shows which ones are taxable and which ones are not with adequate
explanations.
Ample examples are presented in the course demonstrating how the tax laws apply in various typical situations. Sample forms
and schedules show how information is reported on them.
Learning objectives:
To learn about filing statuses and their respective qualification rules.
To learn about claiming dependents and associated requirements that have to be met.
To learn what taxable wages, salaries, and compensations are.
To learn about fringe benefits and their tax treatments.
To learn about tax treatment of dividend and interest income.
To learn how to report property sales.
To learn what exchanges of property are tax free.
To learn how retirement and annuity income is taxed.
To learn about IRAs and the tax rules that apply to contributions to and distributions from IRAs.
To learn about tax treatment of income from rents and royalties.
To learn about the restrictions on loss from passive activities and the at-risk limits.
To learn about other income and their tax treatment.
To develop a comprehensive knowledge on the tax rules applicable to 2008 individual tax return.
To maintain and/or improve professional competence in the field of taxation.
Program level: Basic
Program prerequisites: None
Advance preparation: None
Delivery method: Self-study
Amount of recommended CPE credit: 10 hours
Final examination expiration date: The program
participant will have one year from the date of purchase to complete the program.
