Filing Status and Exemptions

Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Copyright © 2010

Field of Study: Taxes
Level: Basic
Recommended CPE Credit 3 hours
Prerequisites: None
Advanced Preparation: None
Type of Delivery: Self-Study
Expiration: Course expires 1 year after purchase
Course Update: January 2010
Accreditation: NASBA, IRS, CTEC, OTPB
Guarantee/Complaint Resolution

Course Outline


Lesson 1 - Filing Information
Learning Objectives 1
Who Must File a Return
In General
Residents of Puerto Rico
Who Should File a Return
Form 1040EZ
Form 1040A
Form 1040


Lesson 2 - Filing Status
Learning Objectives 2
Marital Status
Single
Married Filing Jointly
Filing a Joint Return
Signing a Joint Return
Married Filing Separately
Special Rules
Changing Filing Status
Head of Household
Considered Unmarried
Keeping up a Home
Qualifying Person
Widow(er) With Dependent Child


Lesson 3 - Exemptions & Dependents
Learning Objectives 3
Personal Exemptions
Exemptions for Dependents
Dependency Tests
Joint Return Test
Citizen or Resident Test
Qualifying Child
Divorced or Separated Parents
Support Test - Qualifying Child
Qualifying Relative
Member of Household Test
Gross Income Test
Support Test - Relative
Foster Care Payments
Total Support
Not Included in Total Support
Multiple Support Agreement
Support Test for Child
Phaseout of Exemptions
SSNs for Dependents

Course Objectives

Lesson - 1
After completing Lesson 1, you will be able to:
  • Identify when a taxpayer must use Form 1040, 1040A, or 1040EZ

    • Pay particular attention to paragraphs marked by the Wiseguy.

    He'll guide you to key issues.



Lesson - 2
After completing Lesson 2, you will be able to:
  • Apply the rules for determining the correct filing status to use
  • Determine the tax consequences for filing married filing separately
  • Apply the rules for using the head of household filing status
  • Apply the rules for using qualifying widow(er) filing status
Lesson - 3
After completing Lesson 3, you will be able to:
  • Identify qualifying dependents who can be claimed as an exemption on a return
  • Determine when a person meets the citizen or resident test
  • Figure the total support of a dependent
  • Determine who is entitled to take the exemption for purposes of the multiple support test