About this Course
Topics covered include:
Individual tax return with the form 1040;
Tax computation worksheet;
Schedule D and J;
Child's investment income;
Personal and dependency income.
Upon completing this course, you should be able to:
Figure taxable income;
Determine whether to use the Tax Table or Tax Computation Worksheet to figure the tax;
Determine whether Schedule D, a separate worksheet, or Schedule J is necessary to figure the tax;
Figure special tax computations for lump-sum distributions;
Figure the kiddie tax and the tax on a child's investment income reported on a parent's return.