In this class, a tax preparer seeking to renew their license will find three hours of content on other taxes and payment not covered elsewhere. The topics addressed on this class include the following:
- The alternative minimum tax (AMT)
- A segment of the class is concerned with the AMT, who pays this tax, how the AMT payment is calculated, and the use of Form 6251 to report AMT payments.
- Minors and dependents
- A segment of the class talks about the tax treatment of minors and dependents. This segment also examines the qualifying child tests, the qualifying relatives tests, the child tax credits, and how to file a tax return for a minor.
- Estimated taxes and FICA
- A segment of the class discusses estimated taxes, who pays estimated taxes, and how estimated taxes are paid. This segment also looks at FICA and FICA payments.
- The Affordable Care Act and the SECURE 2.0 Act
- A segment of the class looks at the tax consequences of the Affordable Care Act (ACA) and the SECURE 2.0 Act. This segment also talks about recent updates to the SECURE 2.0 Act and how this affects distributions from retirement accounts.
- Energy Credits
- A segment of the class deals with special energy credits including the energy efficient home improvement credit, the residential clean energy property credit, and clean vehicle credits.
At the end of the class, students will be required to complete a 15 question final exam. The purpose of this exam is to help clients understand and retain the content presented in the class.
Course Format: Text
Credit Type: Federal Tax Law Update
Course ID(s): UUBXU-U-00099-26-S
Approved By: Internal Revenue Service
