About this Course
Topics covered include:
Basic Federal Income Tax Structure;
Classification of Taxpayers;
Purpose of the Income Tax Return and Income;
Who Must File a Return;
Getting Started on Preparing the Return;
Paying the Tax;
Filing the Return;
Tax Accounting - Accounting Periods and Methods.
Upon completion of this course, you should be able to:
Describe the basic federal income tax structure;
Identify who is required to file a return;
Describe the basic parts of the income tax return;
Describe payment options for taxes owed;
Discuss the concepts of tax year and accounting method.