Child Tax Credit and the Dependency Exemption | CPE QAS by learnformula
Child Tax Credit and the Dependency Exemption
This course covers claiming dependents - qualifying children and qualifying relatives.
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Lambers Inc.
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178 Courses
• 5172 Reviews
Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals aroun...
Jason Dinesen
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LPA, EA
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business...
About this course
NASBAIMAIIA
This course covers claiming dependents - qualifying children and qualifying relatives. The rules have some overlap but there are significant differences between the two. A qualifying child opens the door for more tax benefits and credits than a qualifying relative. We will also touch on head of household filing status in this training.
This course will cover the following topics:
• Define a qualifying child
• Define a qualifying relative
• Understand who can claim the kids in cases of divorce
• Understand the IRS’s "tiebreaker rules"
• Understand head of household filing status
Field of Study: Taxes