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Other Taxes and Taxpayer Penalties

This session provides an overview of miscellaneous taxes from Form 1040 and reported on Schedule 2 that a taxpayer might be assessed. This includes excess Social Security tax, additional taxes on IRAs, the Alternative Minimum Tax (AMT), and household employment taxes.

$38.50

Description

At the end of this course, the student will be able to do the following:

  • Understand how to complete Schedule 2 of Form 1040.
  • Explain when a taxpayer must repay the Premium Tax Credit.
  • Understand the taxability of excess Social Security.
  • Identify when a taxpayer must pay an additional tax on IRAs.
  • Explain when to use Schedule H.

Field of Study: Federal Tax Law 1 Hour
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study

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