Interest and Dividends

Interest and Dividends

Regular price
$24.00
Sale price
$24.00
Quantity must be 1 or more

Any interest or dividends can be taxable income if it is credited to the taxpayer’s account and able to be withdrawn. This course will cover the exceptions to this rule and show which interest and dividends are not taxable income and what expenses can be deducted on the taxpayer’s Schedule A if the taxpayer itemizes.
Get this course and many others in our CE Bundle for only $136. 
 
Objectives
 
At the end of this course the student will be able to do the following:
 
  • Identify the different types of interest income.
  • Recognize which tax forms report interest income.
  • Describe when to report interest income.
  • Know the difference between Form 1099-INT and Form 1099-DIV.
  • List which dividends are reported as interest.
  • Understand the different types of bonds.
  • Define the difference between ordinary and qualified dividends.
  • Explain where to report dividend income.
  • Understand when Schedule B is required to be filed with the tax return.
  • Indicate how to report interest and dividend income on the tax return.

 
Field of Study: Federal Tax Law 2 Hours
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required 
Delivery Method: Self-Study
 
IRS CE: 15G0B-T-00475-20-S
CTEC: 2080-CE-0208

Expiration Date to earn CEs: October 1, 2021