P. Choosing the Correct Filing Status and Determining Who is a Qualified Dependent
December 17@10:00 AM - 11:15 AM PST
Member Price » $39.00 | Non-Member Price » $49.00
Course Description: This course introduces the Tax Professional on the requirements that need to be reviewed when assisting a client on determining the proper filing status for the current tax year. It discusses whether a couple is “considered married” on the last day of the tax year under all the pertinent facts and circumstances. The course reviews the rules pertaining to a “Qualifying Widow(er)” and when a taxpayer qualifies for a filing status of “Head of Household”. In addition, the course addresses the determination of who is a “qualifying child” and the tests involved in doing so. Also discussed is the definition and qualifications of claiming a dependency exemption for someone who is a “qualifying relative”. The course will review the requirements of the “shared responsibility payment” issues under the Affordable Care Act (ACA) when claiming someone as a dependent.