SITS
SURGENT McCOY'S INDIVIDUAL INCOME TAX SCHOOL
Objective:
This course will take
new and administrative staff from the most basic concepts to a full understanding
of individual tax return preparation - just in time for the crunch of
busy season!
Major topics
include:
- Effects
of recent legislation
- Filing information
- Filing status
- Personal
exemptions and dependents
- Wages and
salaries
- Interest
income
- Dividends
- Mutual funds
- Standard
deduction
- Figuring
tax
- Basic income
tax preparation - 1040A and 1040EZ
- Capital gains
and losses
- Medical and
dental expenses
- Charitable
contributions
- Credits
- IRA contributions
and distributions
- Distributions
from qualified retirement plans, pensions, and annuities
- Social security
and equivalent railroad retirement benefits
- Profit and
loss from business or profession and self-employment tax
- Unreimbursed
employee business expenses - Form 2106
- Educational
expenses
- Depreciation
- Rental income
and expenses
Level
of knowledge: Basic
Field of Study: Taxes
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