Child Tax Credit and the Dependency Exemption
This course covers claiming dependents - qualifying children and qualifying relatives.
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
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2 Quiz
6 Video
PREVIEW Introduction.mp4
4m 41s
Qualifying Child.mp4
17m 56s
Qualifying Relatives.mp4
13m 5s
Examples and Situations.mp4
18m 36s
Divorce.mp4
6m 5s
Head of Household.mp4
2m 36s
Review Questions
3 questionsFinal Exam
5 questionsLambers, 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 around the world incorporate Lambers products into their training programs.
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 advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.
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