3 Hour Course
Course ID: UUBXU-U-00020-18-S
Approved By: Internal Revenue Service (IRS)
In this course, we'll begin with an in-depth discussion of the Alternative Minimum Tax (AMT). We'll discuss the origin of this tax, review the 2018 updates to it, and perform some practice calculations.
We'll also talk about the qualifications that must be met in order to claim a child or other family member as a dependent, and how to determine who may claim a child in complicated custody situations. Then, we'll discuss FICA, the Federal Insurance Contributions Act that business owners must pay on behalf of their employees. We'll practice calculating these taxes, and we'll talk about the self-employment taxes that business owners must pay, and which are different from FICA taxes paid on employees.