Based on the guidance found in the popular PPC Tax Deskbook Series, this course focuses on the preparation of individual tax returns and utilizes a key issue approach in covering such topics as: filing status, exemptions, income and adjustments, personal deductions, tax calculations and tax planning opportunities.

OVERVIEW COURSE DESCRIPTION:
This interactive self-study course covers issues related to filing status, exemptions, income and adjustments, medical expenses, deductible taxes, interest expense, personal credits and tax payments. PUBLICATION / REVISON DATE:
December 2009 PREREQUISITE / ADVANCE PREPARATION:
None CPE CREDIT:
10 QAS Hours, 10 Registry Hours CTEC CREDIT:
5 Federal CTEC Hours, 0 CTEC California Hours CTEC credit hours are half the number of CPE credit hours.

Check with the state board of accountancy in the state in which you are licensed to determine if they participate in the QAS program and allow QAS CPE credit hours. This course is based on one CPE credit for each 50 minutes of study time in accordance with standards issued by NASBA. Note that some states require 100-minute contact hours for self-study. You may also visit the NASBA website at www.nasba.org for a listing of states that accept QAS hours. Enrolled Agents: This CPE course is designed to enhance professional knowledge for Enrolled Agents. Gear Up is a qualified CPE Sponsor for Enrolled Agents as required by Circular 230 Section 10.6(g)(2)(ii). CFP® CREDIT:
5 CE Hours – CFP® Credit hours are half the number of CPE credit hours

FIELD OF STUDY:
Taxes EXPIRATION DATE:
Postmarked by December 31, 2010 KNOWLEDGE LEVEL:
Basic LEARNING OBJECTIVES Chapter 1: Filing Status
Completion of this chapter will enable you to:
• Determine the appropriate filing status. Chapter 2: Personal Exemptions
Completion of this chapter will enable you to:
• Determine allowable personal exemptions. Chapter 3: Wages and Salaries
Completion of this chapter will enable you to:
• Report wages and other information from Form W-2. Chapter 4: Interest and Dividend Income
Completion of this chapter will enable you to:
• Determine the tax rate applicable to qualified dividends.
• Explain the tax treatment when bonds are purchased at a premium or a discount, and describe the treatment of interest on government bonds. Chapter 5: Pension and Retirement Income
Completion of this chapter will enable you to:
• Determine the taxability of social security benefits.
• Apply the rules relating to distributions from traditional and Roth IRAs and describe how to convert
a traditional IRA into a Roth IRA.
• Explain how qualified retirement and IRA distributions can be rolled over into another plan and
apply the minimum distribution rules. Chapter 6: Other Items of Income
Completion of this chapter will enable you to:
• Apply the rules covering education savings accounts and health savings accounts.
• Explain the tax treatment of certain other income items, including alimony recapture, tax refunds, unemployment income and other miscellaneous income. Chapter 7: Adjustments to Income
Completion of this chapter will enable you to:
• Apply the rules relating to contributions to various types of IRAs.
• Identify and determine other adjustments to income, including the self-employed health insurance deduction, health savings accounts, moving expenses and alimony. Chapter 8: Standard Deduction
Completion of this chapter will enable you to:
• Determine the standard deduction applicable to each filing status. Chapter 9: Medical Expenses
Completion of this chapter will enable you to:
• Identify deductible medical expenses, and apply the limits on the deductibility of long-term care insurance. Chapter 10: Charitable Contributions
Completion of this chapter will enable you to:
• Identify and substantiate charitable contributions, applying the limitations on the deduction of charitable contributions. Chapter 11: Deductible Taxes
Completion of this chapter will enable you to:
• Apply the rules relating to deductible state income or sales taxes, real estate taxes, and personal property taxes.
  Chapter 12: Interest Expense
Completion of this chapter will enable you to:
• Identify the proper classification of interest expense and calculate the allowable deduction for various categories. Chapter 13: Personal Credits
Completion of this chapter will enable you to:
• Determine eligibility and deductibility of various personal credits available to individuals. Chapter 14: Tax Payments
Completion of this chapter will enable you to:
• Identify when the penalty for underpayment of estimated tax applies and evaluate alternative tax payment options. TO COMPLETE THE LEARNING PROCESS
Send your completed Examination for CPE Credit Answer Sheet and Course Evaluation to: Thomson Reuters
Tax & Accounting - R&G
DT1TG09 Self-study CPE
36786 Treasury Center
Chicago, IL 60694-6700 See the test instructions included with the course materials for more information. ADMINISTRATIVE POLICIES
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