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Live Webcast Replay

2024 Fundamentals of Income Taxation


Total Credits: 2 including 2 Taxes - Technical

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Categories:
ACPEN Industry Institute |  IRS Approved |  Tax
Faculty:
Allison M. McLeod, LL.M., CPA
Course Levels:
Basic
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Please join us for a introductory course on the fundamentals of preparing and filing an individual federal income tax return. We will cover topics such as what the federal income tax is and how it is computed. This course is ideal for CPAs, CFPs, EAs and other tax preparers.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Basic Course Information

Learning Objectives
  • Identify how the federal income tax differs from other types of federal taxes
  • Determine the steps in computing a taxpayer's federal income tax liability
  • Differentiate tax consequences for terms commonly used for the federal income tax, such as "adjusted gross income," “qualifying child,” “tax credits,” “filing status,” and “kiddie tax”
  • Recognize how an individual's standard deduction is determined
  • Explain differences in the tax for ordinary income, capital gains, and qualified dividend income
  • Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions
  • Identify deadlines for filing income tax returns and estimated taxes and how to obtain an extension of time for filing a return

Major Subjects
  • Defining Federal Income Taxes
  • Computing federal income tax liability.
  • Calculating adjusted gross income
  • Defining Qualifying Child
  • Determining filing status,
  • Calculating the Kiddie Tax
  • Standard deduction
  • Tax rates for ordinary income, capital gains, and qualified dividend income.
  • Cash v. Accrual Method
  • Filing deadlines and obtaining extensions

Course Materials

Faculty

Allison M. McLeod, LL.M., CPA's Profile

Allison M. McLeod, LL.M., CPA Related Seminars and Products


Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas.   She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England. 

Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.

Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation and Corporate Income Tax.   She also lectures in Financial Accounting and Individual Taxation on an undergraduate level.  She has taught at the UNT College of Law as adjunct faculty and works part-time at the law firm of Grable Martin Fulton, PLLC.   Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation.  She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses.  Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty.  She is currently serving on the Professional Ethics Committee of the Texas Society of CPAs.

Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.  


Dates

Wed, Jun 26, 2024 - 06:00am to 08:00am MST-Arizona
Wed, Jul 10, 2024 - 01:00pm to 03:00pm MST-Arizona
Sat, Jul 20, 2024 - 06:00am to 08:00am MST-Arizona
Mon, Aug 05, 2024 - 08:00am to 10:00am MST-Arizona
Mon, Aug 26, 2024 - 09:00am to 11:00am MST-Arizona
Tue, Sep 10, 2024 - 11:00am to 01:00pm MST-Arizona
Mon, Sep 23, 2024 - 12:00pm to 02:00pm MST-Arizona
Mon, Oct 07, 2024 - 01:00pm to 03:00pm MST-Arizona
Wed, Oct 23, 2024 - 06:00am to 08:00am MST-Arizona
Wed, Nov 06, 2024 - 09:00am to 11:00am MST-Arizona
Mon, Nov 18, 2024 - 10:00am to 12:00pm MST-Arizona
Fri, Dec 06, 2024 - 12:00pm to 02:00pm MST-Arizona
Sat, Dec 14, 2024 - 01:00pm to 03:00pm MST-Arizona
Thu, Dec 26, 2024 - 02:00pm to 04:00pm MST-Arizona
Mon, Jan 06, 2025 - 07:00am to 09:00am MST-Arizona
Tue, Jan 21, 2025 - 09:00am to 11:00am MST-Arizona
Wed, Feb 05, 2025 - 10:00am to 12:00pm MST-Arizona
Thu, Feb 20, 2025 - 12:00pm to 02:00pm MST-Arizona
Wed, Mar 12, 2025 - 12:00pm to 02:00pm MST-Arizona
Tue, Mar 25, 2025 - 01:00pm to 03:00pm MST-Arizona
Tue, Apr 08, 2025 - 06:00am to 08:00am MST-Arizona
Mon, Apr 28, 2025 - 08:00am to 10:00am MST-Arizona
Tue, May 06, 2025 - 09:00am to 11:00am MST-Arizona
Fri, May 23, 2025 - 11:00am to 01:00pm MST-Arizona

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For This course is ideal for CPAs, EAs, or other tax professionals.
Original Recording Date 05/2024
Course Developer Allison McLeod
Date Added to Catalog 03/22/04
Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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