Itemized Deductions – Interest Expense, Casualty and Theft Losses

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

IRS Program Number: YH9W1-T-00022-17-S
CE Credits: 2 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 10
Please Note: This course is a component of “Income Tax for Individuals” course ID T-00014-17, and therefore we recommend not taking both courses in the same reporting period.

Course Syllabus

Course Description
This self-study courses discusses the different types of interest you can and cannot deduct. This course also talks about the tax treatment of personal casualty losses, theft losses, and losses on deposits. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credits in IRS Federal Tax Law.

Learning Objectives

  • Recall what types of interest you can and cannot deduct.
  • Recall the tax treatment of personal casualty losses, theft losses, and losses on deposits.

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 10 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

  • Download Course Materials   <–To Download this file to your computer, Right-click the link and chose “Save File As”