Course Details

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Course name:

Your Income Tax - 2007 Tax Year- Part Two

Course number:

1024.07B

 

See also:

Full course: 1024.07

Part One: 1024.07A

Number of questions:

Review: 100
Final: 100

Prerequisite:

None

Course level:

Basic

Recommended CPE credit:

10 CPE hours

Recommended study time:

20 hours

Course format:

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

Reference text:

Click for ordering information

J.K.Lasser's Your Income Tax 2008 (for the 2007 tax year)
Prepared by the J.K. Lasser Institute

Paperback (848 pages)

Publisher: Wiley

ISBN: 0470137541

71st edition (11/02/07)  

Course last updated/reviewed:

November 18, 2007

Subject classification:

Taxation

Learning objective:

This course, Your Income Tax-Part Two, covers material from chapter 18 to the end of the J K Lasser text.

The course objective is to understand tax law including:

  • Casualty and Theft Losses and Involuntary Conversions

  • Deducting Job Costs and Other Miscellaneous Expenses

  • Travel and Entertainment Expense Deductions

  • Personal Exemptions

  • Figuring Your Regular Income Tax Liability

  • Alternative Minimum Tax (AMT)

  • Computing the "Kiddie Tax"

  • Personal Tax Credits

  • Tax Withholding

  • Estimated Tax Payments

  • Tax Planning Overview

  • Tax Savings for Residence Sales

  • Tax Savings for Investors in Securities

  • Tax Savings for Real Estate

  • Tax Pointers for Investors in Mutual Funds

  • Educational Tax Benefits

  • Special Tax Rules for Senior Citizens

  • Members of the Armed Forces

  • How to Treat Foreign Earned Income

  • Planning Alimony and Marital Settlements

  • Household Employment Taxes

  • Gift and Estate Tax Planning

  • Income or Loss From your Business or Profession

  • Retirement Plans for Self-Employment

  • Claiming Depreciation Deductions

  • Deducting Car and Truck Expenses

  • Sales of Business Property

  • Figuring Self-Employment Tax

  • Filing Your Return

  • Filing Refund Claims and Amended Returns

  • If the IRS Examines Your Return