Compass Tax Educators

Tax credits provide dollar-for-dollar tax reduction. We review rules related to selected tax credits for individuals and businesses, how they are claimed on the individual or business tax return, and the impact of tax credits on other tax attributes.

Learning Objectives

• Explain the requirements to claim various individual tax credits, including, but not limited to energy-related credits.
• Explain the requirements to claim various business tax credits, including, but not limited to the work opportunity tax credit and the R&D credit.
• Describe how tax credits are claimed by individuals and business entities and the effect on other tax attributes.
• Demonstrate the application of the passive activity rules to tax credits.

Education Information

IRS Program Number: NMVBP-T-00206-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA) / On-Demand (IRS)

Field of Study: Taxes (NASBA) / Federal Tax Law Topics/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

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Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.