Course Details

Course name:

Tax Withholding and Estimated Tax --2006/2007

Course number:

1006.07

Number of questions:

Review: 25
Final exam: 25

Prerequisite:

None

Course level:

Basic

Recommended CPE credit:

4 CPE hours

Recommended study time:

8 hours

Course format:

Interactive self study

CPE credit calculated as 50% of total study time (i.e. 100 minute hour)

Reference text:

IRS 2007 Publication 505 Tax Withholding and Estimated Tax (free download)

67 pages

Course last updated:

July 16, 2007

Subject classification:

Taxation

Learning objective:

To review the two "pay-as-you-go" methods of paying income taxes and how to take credit on your return for the taxes paid; also review the underpayment penalty and the exception to the penalty.