Rs. 11,999/
Prepare to ace the Enrolled Agent (EA) Exam with our comprehensive online course focused on Individual Taxation (Part I). This course is specifically designed for aspiring tax professionals, equipping you with the knowledge, skills, and confidence to succeed.
1) Comprehensive understanding of key topics in Part I of the EA exam.
2) Topics include: Income, deductions, credits, filing requirements, and tax law updates.
3) Engaging video lessons and practice quizzes to reinforce your knowledge.
4) Real-world case studies to help you apply concepts to practical scenarios.
5) Step-by-step explanations of complex topics for clarity and confidence.
6) Proven strategies to navigate the EA exam structure and question types.
- Mastery of individual taxation concepts under the Internal Revenue Code (IRC).
- Preparation of Form 1040 and related schedules with precision.
- Effective techniques to approach exam questions and scenarios.
The EA exam can be challenging, but this course breaks down complex topics into manageable lessons, providing a clear path to success. With interactive materials and expert instruction, you’ll build the confidence to tackle individual taxation with ease.
- Aspiring Enrolled Agents preparing for Part I of the exam.
- Tax professionals seeking to deepen their expertise in individual taxation.
- Anyone looking to gain an advanced understanding of U.S.A tax law for individuals.
No prior experience required! This course is designed for beginners and professionals alike, starting with the basics and progressing to advanced topics.
30 Hours
1 - 1.5 Months
3 Hours each on Saturday and Sunday Morning
Confirm on WhatsApp or via E-mail
Determining who must file a tax return. Filing thresholds based on age, filing status, and income. Exceptions for dependents and other special situations.
Choosing the correct filing status (Single, Married Filing Jointly, etc.). Qualifying Widow(er) with Dependent Child. Head of Household requirements.
Identifying qualifying dependents (Qualifying Child and Qualifying Relative tests). Rules for claiming dependents in shared custody arrangements.
Requirements for Social Security Numbers (SSN), Individual Taxpayer Identification Numbers (ITIN), and Employer Identification Numbers (EIN). Identity theft prevention measures.
Earned income: Wages, salaries, tips. Unearned income: Interest, dividends, capital gains, and rental income. Self-employment income: Profit and loss from businesses. Other income: Gambling winnings, canceled debt, and scholarships.
Taxable vs. nontaxable income (e.g., gifts, life insurance proceeds, and certain benefits). Rules for foreign income and exclusions.
Sales and exchanges of property. Reporting capital gains and losses (Form 8949, Schedule D). Basis of assets (cost basis, stepped-up basis, adjusted basis). Special rules for like-kind exchanges and involuntary conversions.
Medical and dental expenses. Taxes paid (state and local income tax, property tax). Interest paid (mortgage and investment interest). Charitable contributions.Casualty and theft losses (federally declared disasters).
Earned Income Credit (EIC). Additional Child Tax Credit.
Child Tax Credit. Education Credits (American Opportunity Credit, Lifetime Learning Credit). Foreign Tax Credit.
Using tax tables and worksheets. Marginal vs. effective tax rates.
Calculation of self-employment tax (Schedule SE). Deduction for one-half of self-employment tax.
Understanding AMT triggers. Form 6251 and adjustments.
Kiddie Tax rules for dependent children.
Timing of income and deductions. Tax implications of major life events (marriage, divorce, retirement).
Calculating withholding using Form W-4. Estimated tax payments and penalties for underpayment.
Traditional IRA vs. Roth IRA. Contribution limits and phase-outs. Early withdrawal penalties and exceptions.
529 Plans and Coverdell Education Savings Accounts. Tax implications of distributions.
Filing requirements for nonresident aliens (Form 1040-NR). Reporting foreign earned income and exclusions. Foreign tax credit and Form 1116.
Post-2018 alimony tax treatment. Tax implications of property settlements.
Rules for reporting inheritances. Gift tax exclusions and lifetime limits.
Filing requirements for final tax returns. Reporting income in respect of a decedent (IRD).