Maricopa Community Colleges  ACC121   19956-20035 
Official Course Description: MCCCD Approval: 05/23/95
ACC121 19956-20035 L+L 2 Credit(s) 3 Period(s)
Income Tax Preparation
Preparation of and practical experience in preparing returns. Prerequisites: Permission of Department/Division.
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MCCCD Official Course Competencies:
 
ACC121   19956-20035 Income Tax Preparation
1. Prepare forms 1040, 1040A, related schedules, and supporting forms. (I)
2. Identify dependency tests and exemption requirements. (I)
3. Determine the filing status of a taxpayer in a problematic situation. (I)
4. Identify items which may be deducted from the gross income of a given taxpayer. (I)
5. Describe child care and earned income tax credits, and circumstances in which they may apply. (I)
6. Describe the special benefits of taxpayers who qualify as retired and/or elderly. (II)
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MCCCD Official Course Outline:
 
ACC121   19956-20035 Income Tax Preparation
    I. Individuals - not retired or elderly
        A. Who must file
        B. Forms
          1. 1040A
          2. 1040
          3. Schedules
          4. Supporting forms
        C. Taxpayer identification section
        D. Personal exemptions
        E. Tests for dependents and exemptions
        F. Filing status
          1. Single
          2. Married, joint
          3. Separate
          4. Unmarried head of household
          5. Qualifying widow(er)
        G. Gross income
          1. Items to be included
          2. Items not to be included
        H. Itemized deductions
          1. Medical expense deduction
          2. Taxes
          3. Interest payments
          4. Charitable contributions
          5. Miscellaneous
        I. Computation of tax
        J. Credits
          1. Child care credit
          2. Earned income credit
      II. Individuals - retired and elderly
          A. Tax benefits in sale of home
          B. Credit for elderly
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