Tax Filing Requirement knowledge is a very important base to tax preparation. Many taxpayers are curious as to what their filing requirements might be. Incorrect information could cause someone to miss out on potential refunds and could even lead to tax filing penalties.
This lesson is designed to teach you the tax filing requirement rules for all taxpayers. By the time you are finished with this course you should be able to identify the tax filing requirements for most taxpayers and be able to advise those that may not be required to file, but still might want to file.
In addition to the filing requirements, this lesson will cover the filing status that a taxpayer may have to use (or choose to use). The reason behind filing status being taught with filing requirements is that filing requirements will change based on someones filing status. Knowing the filing status before computing filing requirements is essential.
This is a tax law fundamental course that all tax preparers should know extensively. Whether you are a first time tax preparer that needs to know the basic rules or a seasoned tax professional that needs a refresher, this course is for you.
IRS CE credit of 3 hours is provided with this course.