Federal Income Tax Changes – 2019

 

IRS Program Number: YH9W1-U-00055-19-S
CE Credits: 3 hours
IRS Category: Federal Tax Law Updates
Delivery Type: Online Self-Study
Exam Questions: 15
Important Note for Enrolled Agents: If you purchased this course from the Enrolled Agent Course Bundle, please first complete all other courses before proceeding to this course, as this course contains the latest 2019 Tax Law Updates which should be studied last.

Course Syllabus

Course Description
Federal Income Tax Changes examines the current tax changes that are more significant from the perspective of an income tax preparer. Context is provided, as appropriate, to assist students in understanding the changes. A brief discussion of the individual taxpayer provisions of the Tax Cuts and Jobs Act of 2017 is also included. This course is a basic tax level course with no prerequisites, and qualifies for 3 CE credits in IRS Federal Tax Law Updates.

Learning Objectives

Upon completion of the course, students should be able to:

  • List the current year changes in various amounts including –
    • Standard mileage rates,
    • The standard deduction,
    • The AMT exemption amount,
    • The limits related to income from U.S. Savings Bonds for taxpayers paying higher education expenses, and
    • Deductions for qualified long-term care insurance premiums;
  • Identify the current year tax credit changes affecting the –
    • Child tax credit,
    • Saver’s credit,
    • Earned income credit, and
    • Adoption credit;
  • Recognize the changes affecting –
    • Health Savings Account (HSA) and Archer Medical Savings Accounts (MSA) requirements and contribution limits,
    • Roth IRA eligibility, and
    • Traditional IRA contribution deductibility for active participants in employer-sponsored qualified plans; and
  • List the changes affecting the –
    • Individual penalties under the shared responsibility provision mandating maintenance of health insurance coverage,
    • Small employer premium tax credit, and
    • Applicable large employer mandate.

 

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 15 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials

Course Content