Filing Requirements for the 2020 Tax Season

SKU: CPE-07-192
Credit Hours: 2
Level: Intermediate
Category: Taxes
Requires Prerequisites or Advanced Preparation: No
Delivery Method: PDF
Instructor: Andrew Clark, EA.

Course Description:
Due to the inclusion of the Tax Cuts and Jobs Act into law, filing requirements for individual taxpayers have been drastically altered. This course will focus on the updated filing requirements surrounding individual taxpayers across all filing types.

This course will cover the following topics:

Recognize the new standard deduction amounts across all filing statuses
Identify the requirements that must be met to file as any of the five filing statuses
Identify the new standard deduction and additional standard deduction amounts
Recognize the circumstances that will disallow taxpayers from taking the standard deduction
Identify when a taxpayer is required to file their federal income tax return
Recognize the various penalties associated with filing a return or paying taxes late
Identify the tax responsibilities and treatment of income associated with a recently deceased taxpayer.