Investment, Wage, Tip & Other Income
2011 Tax Law
Are you looking for this class in a 
Non-Interactive Online Self-Paced format?
Are you looking for this class in a 
Mail Correspondence format?
Online Self-Paced
Other Formats AvailableNon-Interactive Online Self-PacedMail Correspondence
Tuition, Books & Fees
$50.00
Release Date(s)
Released
Lecture Length
3 hour(s)
Credit Hour(s)
| Check by State | : | NASBA CPE |
| 4 | : | IRS |
| 4 | : | Oregon Tax Board |
| N/A | : | Oregon State Board of Accountancy |
| 4 | : | CTEC |
| 4 | : | Texas State Board of Public Accountancy |
| 4 | : | New York State Board of Public Accountancy |
| N/A | : | QAS |
Field of Study
Taxation
Program Level
Basic
Prerequisites
Understanding of basic tax law
Delivery Method
Self Study
Educational Venue
Self-Paced Online Course
CTEC Course Code
6180-CE-3003
Enrollment Agreement Form
CPE Online Self-Paced
Included In These Packages
Package A - 15 Hours CPE
IRS 1040 Tax Pro Exam Prep Series
LTC Exam Prep Series (Oregon and Federal Law)
CTEC 20 Hour CE Package 3
Course Content
This program covers taxability of wage, tip, interest & dividend income as well as an overview of various forms of other income. Course topics include:
This course covers:
- Employee vs. independent contractor
- Reporting wages and box code definitions for Form W2
- How to report tip income and instructions for completing Form 4137 Social Security & Medicare Tax on Unreported Tip Income
- How to report interest income including ordinary interest, US bond interest and tax-exempt interest
- How to read Forms 1099 INT and 1099 DIV
- Instructions for preparing Schedule B
- How to report nominee distributions
- Taxability of alimony and child support payments
- Reporting K-1 Income from Partnerships, S-Corporations, Trusts & Estates
- Miscellaneous forms of taxable and nontaxable income
Learning Objectives
By the end of this course students should be able to:
- Understand how and where to report income from wages & tips
- Know how to identify and report various types of interest and dividend income
- Determine taxable alimony
- Understand Schedule K-1 and how to report income received from Partnerships, S-Corporations, Estates and Trusts
- Identify and report various types of miscellaneous income on Line 21 of Form 1040.
Format Delivery
This course is a part of our 4 Hours FREE CPE offer. This offer is available to NEW students only and may only be used once per student. Click here if you would like to receive this course as a FREE introduction to our educational programs.
Self-paced online students access course materials utilizing the School's Learning Management System (LMS). The LMS is an online system which can be accessed by students at any time from any computer connected to high-speed internet. Students completing this course will use the LMS to:
- Open and print course manuals, tests, test answer keys, and IRS forms.
- Watch a recording of a lecture provided by one of Pacific Northwest Tax School's skilled instructors.
- Complete classwork, homework, and quiz assignments.
- Print a certificate of completion upon successful completion of the course.
- Access the Q&A Forum to post questions and receive answers from course instructors about topics and assignments included with this course.
The interactive structure of this course combines the best elements of a live class with the convenience of allowing students to work at their own pace.
Students will watch a video-recording of a lecture provided by one of Pacific Northwest Tax School's skilled instructors. Claswork time is provided for students to apply concepts covered in class to sample tax forms.
To successfully complete this course, students must watch the lecture video and successfully complete all tests with a score of 70% or higher. Course materials provided to students include a detailed Student Manual, quizzes, and classwork, quiz, and homework answer keys.
Advance Preparation Required (for Self-Paced Online Students)
Our online Learning Management System (LMS) is easy and fun to use however first-time users of our online education programs should devote not less than one half hour to reading our Student LMS User Manual prior to beginning a course.
Our LMS education platform requires an up-to-date Adobe Flash® Player and use of a high-speed internet connection. To ensure your learning experience is worthwhile and productive we ask all students to take the time to become familiar with our education platforms before attending class.
Please complete ALL of the following tasks prior to beginning your first course:
- Read the Student LMS User Manual,
- Download and print the Student Manual.
How to Use the Learning Management System
Recommended Minimum Requirements
The following requirements are recommended for using our LMS site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in our LMS site. If you would like to test your system on our LMS site without paying for a course, then try our Free Sample Course.
| Operating System: |
*Your operating system should be fully updated. |
| Browser: |
If you encounter login or video viewing difficulties, we stongly recommend you install Mozilla Firefox. |
| Connection: |
256 Kbps |
| Browser Plug-Ins: | The latest of the following:
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| Peripherals: |
Headphones or Speakers |
Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media.Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School.As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have one year from date of enrollment in any course, to complete the course and receive their Certificate of Completion.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, which can be found on our Enrollment Forms page.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at: www.pnwtaxschool.com.
Cancellations
Self-study Correspondence and Self-Paced Online programs fees are non-refundable and non-transferable.For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Problem Resolution
Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com
Disclaimer
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.Credit hours are subject to change without notice.
Pacific Northwest Tax School Credentials |
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We are an IRS approved sponsor of continuing education. IRS Sponsor #VRD3D .
Notice to Members of the National Association of Enrolled Agents: NAEA requires its members to obtain 30 hours of CPE each year. NAEA further requires the CPE be in compliance with IRS guidelines. As an IRS approved sponsor of CPE, our programs meet CPE standards set forth by NAEA. |
Oregon Board of Tax PractitionersPacific Northwest Tax School is a licensed vocational school regulated by the Oregon Department of Education. Our CPE programs are approved by the Oregon Board of Tax Practitioners.
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California Tax Education Council
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NASBA
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Texas State Board
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New York State Board
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*The Texas State Board of Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE programs.
The New York State Board for Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the New York State Board for Public Accountancy as a CPE sponsor. Sponsor License #002479