Description
Arcoiris Income Tax School School
2020 Continuing Education
THE BOOK MATERIALS
Thank you for choosing our IRS continued education certification study guide. This course along with our online questions and quizzes will provide you with everything you need to pass the IRS continued education exam.
2020 ARCOIRIS Income Tax School Federal Continuing Education Course
TABLE OF CONTENTS
CHAPTER 1
- Renew Prepares, Duties of Tax Preparers
- Preparer Identification Number, Preparer Penalties
- Avoidance Vs Evasion
- Fraud, Indicator Fraud
- Books And Records
- Preparer Penalties For Fraud
- Understatement Of Liability §6694
- §6695 (g) Failure to Be Diligent in Determining For Certain Tax
- Payment, Taxpayer, Supporting Documentation
- Period of Limitations
- §10.4 Eligibility To Become An Enrolled Agent, Enrolled Retirement Plan Agent, Or Registered Tax Return Preparer
- Designation And Registered Tax Return Preparer, Enrollment of Former Internal Service Employees
- §10.22 Diligence As to Accuracy
- Federal Tax Preparer Response Questions & Answers
- Due Diligent Requirement
- IRS Final Registrations
- Examples
CHAPTER 2
WAGES, SALARIES, & OTHER EARNINGS
- Wage
- Child Care Providers
- Foreign Income
- Foreign Exclusion
- Advanced Commissions
- Cost of Living Allowances And Reimbursements
- Back Pay
- Bonuses And Awards
- Sick Paid
- Railroad Sick Pay
- Disability Income
- Accident or Health Plan
- Fringe Benefits
- Group Term Life Insurance
- Restricted Property
- Property Received As a Gifts
- Stock Options
- Tip Income
- Employee Tip Income
- Self-Quiz
- Special Rules For Certain Employees Clergy
- Social Security Coverage
- Self-Quiz
- Foreign Employee
- Interest Income
- Taxable Interest Nominees
- Original Issue Discount (OID)
- Dividend And Other Corporation Distributions Ordinary Dividends
- Qualified Dividends
- Money Market Funds
- Capital Gains Distributions
- Non Dividends Distributions
- Self-Quiz
- Social Security Income
- Retirement Plans Pension & Annuities
- Qualified Retirement Plan & IRA
- 401(k) & IRA Hardship With corona Virus Consideration
- Annuities
- Qualified Distributions
- Mandatory Distributions
- Roth IRA
- Self-Quiz
- Taxable And Tax-Free Sources Of Income
- Barter Income
- Disability Payments
- Gambling Winning
- Tax-Free Income
- Canceled Debt
- Damages/Income Sources
- Dividend Of A Life Insurance
- Coverdell Education Saving Account
- Gifts
- Health And Accident Insurance Plans And Benefits
- Health Saving Account (HAS)
- Inherited
- Life Insurance
- Municipal Bond Interest
- Profit on the Sale of A Home
- Roth IRA Withdrawals
- Scholarship And Fellowship Grant
- Social Security Payments
- State And Local Tax Refund
- Veterans Benefits
- Workers Compensation
- Self-Quiz
- Basis of Property Cost Basis
- Real Property
- Adjusted Basis
- Property Received For Services
- What Property Can Be Depreciated
- Repairs And Improvements
- Bargain Purchases
- Involuntary Conversions
- Property Received AS Gift
- Property Transferred From a Spouse
- Examples
- Property Changed From Personal To Business or Rental Use
- Self-Quiz
- Items Excluded From General Income
- Individual Retirement IRA
- Contribution Deadlines
- General Limit Ion IRA Contributions
- Deduction Limit
- Non-Deductible Contributions
- Age 59.5 Rule
- Inherit IRA
- Prohibit IRA Transaction
- Roth IRA
- Roth Conversions
- Self-Quiz
CHAPTER 3
- Federal Tax Updates
- Payroll Tax Deferral
- Self-Quiz
- Employer Retention Credit
- Payroll Protection Program
- 2020 Tax Updates
- 2020 Individual Tax Updates
- Net Operating Loss (NOL)
- Estate Or Trust NOL
- News, Temporary Procedures to Fax Certain Forms 1139 And 1045 Due to Covid-19
- New Employer Tax Credit
- List Of Expiring Federal Tax Provision 2020-2029
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