Ch 7: Preparing Individual Taxes

About This Chapter

Refresh your understanding of the preparation of individual taxes for an important exam by reviewing this chapter. Our lessons are thorough, clearly written and allow you to move at your own pace so you can feel confident on test day.

Preparing Individual Taxes - Chapter Summary

Get up to speed on the preparation of individual taxes with this helpful chapter. You'll cover topics including the definition of the alternative minimum tax, tax considerations for household employees, as well as tax considerations and forms for clergy members. This chapter is also designed to help you:

  • Outline the forms needed for credit for prior-year minimum tax
  • Explain the different types of income in respect of the decedent (IRD) property
  • Define net investment income tax
  • Discuss the tax forms needed for Medicare and Social Security
  • Identify special types of individual income credits and taxes
  • Describe the penalties for certain tax deposition issues
  • Detail the process involved in filing claims for tax refunds

As you work through this chapter, our instructors are available to answer your questions if you get stuck along the way. You can also take the quiz that follows each lesson to test yourself and identify any areas that need further review. Studying is a flexible process with our learning tools, which are available to you 24 hours a day on your mobile device or computer.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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