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Official Course
Description: MCCCD Approval: 03/25/03 |
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ACC121 2003
Fall – 2009 Summer II |
L+L |
2 Credit(s) |
3 Period(s) |
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Income Tax Preparation |
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Preparation of and practical experience in preparing returns. Prerequisites: None. |
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Go to Competencies Go to Outline
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MCCCD Official Course Competencies: |
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ACC121 2003 Fall – 2009 Summer II |
Income Tax Preparation |
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1. |
Prepare forms 1040, 1040A, related schedules, and supporting forms. (I) |
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2. |
Identify dependency tests and exemption requirements. (I) |
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3. |
Determine the filing status of a taxpayer in a problematic situation. (I) |
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4. |
Identify items which may be deducted from the gross income of a given taxpayer. (I) |
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5. |
Describe child care and earned income tax credits, and circumstances in which they may apply. (I) |
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6. |
Describe the special benefits of taxpayers who qualify as retired and/or elderly. (II) |
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Go to Description Go to top of Competencies
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MCCCD Official Course Outline: |
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ACC121 2003 Fall – 2009 Summer II |
Income Tax Preparation |
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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 |