GS 817 Video: Personal Tax Planning-2017 episodes:

• June 30, 20177-3 Calculate a taxpayer’s employment and self-employment taxes; explain the tax considerations determining the status of a taxpayer as either an employee or independent contractor.

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• June 30, 20177-1 Determine a taxpayer’s regular tax liability and identify tax issues associated with the process.

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• June 30, 20177-4 Describe the general types of tax credits, identify specific tax credits, and compute a taxpayer’s allowable child tax credit, child and dependent care credit, American opportunity credit, lifetime learning credit, and earned income credit.

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• June 30, 20176-3 Explain the operation of the standard deduction, determine the deduction for personal and dependency exemptions, and compute taxable income.

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• June 30, 20171-3 Describe the different tax rate structures and calculate a tax.

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• June 30, 20176-1 Identify the common deductions necessary for calculating adjusted gross income (AGI).

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• June 30, 20172-1 Identify the filing requirements for income tax returns and the statute of limitations for assessment.

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• June 30, 20174-2 Explain the requirements for determining a taxpayer’s personal and dependency exemptions.

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• June 30, 20174-1 Describe the formula for calculating an individual taxpayer’s taxes and explain each component of the formula.

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• December 05, 201422-5 Apply the tax rules for S corporation operating distributions and liquidating distributions.

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