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Choosing the Correct Filing Status and Determining Who is a Qualified Dependent

Course Price: N/A
CPE Credits
1
Date
August 13, 2020
Course Time
10:00 AM
Advanced Preparation
None
Course Level
Basic to Intermediate
Prerequisite
Knowledge of Tax Federal Law
IRS CPE
1
NASBA CPE
1
CTEC CPE
1
Instructor(s)
Paul La Monaca CPA, MST

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.

Learning Objectives

At the completion of this session the Tax Professional will be able to:

  • Identify the filing status of a taxpayer for the current tax year
  • Determine if a couple is "considered married" for filing status purposes
  • Identify the tax issues of filing as "Married Separate vs. Single vs. Head of Household"
  • Understand the tax benefits for a filing status of "Qualifying Widow(er)"
  • Understand the importance of providing "minimal essential coverage" for someone who qualifies as a "dependent" in the current tax year
Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
Refunds
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
Cancellation
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
Walk-In
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
Disclaimer
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.