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Program Overview
Certified Tax Specialist™ | Curriculum
COURSE LEARNING OUTCOMES
Students will gain personal income tax knowledge and an understanding of tax issues in their financial advising practice.
- Understand and apply the tax formula
- Calculate exemptions, deductions, credits and capital gains
- Be familiar with what constitutes gross income and exclusions
- Knowledge of withholding, estimated payments and payroll taxes
- Complete an individual income tax return
SUBJECT HIGHLIGHTS
CORE |
ADVANCED |
SPECIALTY |
|---|---|---|
| Basic tax liability computations | Installment sales | Tax strategies and planning |
| Filing status and deductions | Like-kind exchanges | Health insurance |
| Capital gains and losses | Alternative minimum tax | Social security benefits |
| Interest and dividend income | Employee fringe benefits | Passive losses and rental income |
| IRAs and qualified plans | Travel and entertainment allowances | Business expensing |
| Annuities and life insurance | Home offices | The nanny tax |
| FICA and self-employment taxes | Luxury automobiles | |
| Child care and dependency rules | Sale of a personal residence | |
| Energy credits | Rollover options and concerns | |
| Section 1231 gains and losses | Interest and penalty taxes | |
| Limitations on deductions and exemptions | Taxpayer bill of rights | |
| IRS audit process | Statute of limitations |
Subject highlights above are a partial list of topics covered. For a detailed course outline request a catalog here.
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