CTEC Package 1
- CTEC Update Course - Filing Requirements, Filing Status & Dependents (Section 3.1 - On-Demand Webcast)
- Basis of Assets (Section 3.1 - On-Demand Webcast)
- Sale of Assets - Covers Schedule D, Forms 8949 & 4797 (Section 3.1 - On-Demand Webcast)
- IRS Ethics for CTEC (Section 3.1 - On-Demand Webcast)
- California Part Year / Non Resident Returns (Section 3.1 - On-Demand Webcast)
Included Course Details
By the end of this course you should:
- Know federal filing requirements for individuals
- Understand additional filing requirements specific to Form 1040NR
- Identify the five filing statuses
- Know the specific rules affecting the Head of Household Filing Status
- Understand some of the special rules for decedents
- Understand what a personal exemption and a dependency exemption is
- Know the seven dependency tests for "Qualifying Child"
- Know the six dependency tests for "Qualifying Relative"
- Know who qualifies for the Child Tax Credit
- Be able to determine who can claim a dependent in divorce and separation situations
- Determine what happens when more than one individual provides support
- The meaning of "basis of property"
- The difference between capital and non-capital assets
- How to figure the basis of property acquired through purchase, gift and inheritance
- How to calculate adjustments to basis
- How to determine the basis of qualified and non-qualified ISOs and ESPPs
- Separate basis calculations for AMT calculations
- The difference between a sale and a trade
- Special rules affecting sales between related parties
- The difference between capital and noncapital assets
- Reporting rules for sale of incentive stock options (ISOs) and stock purchased under an employee stock purchase plan(ESPP)
- How to determine the holding period of property
- How to complete Schedule D Capital Gains and Losses, Form 8949 and the Schedule D tax calculation worksheet
- Figure gain or loss on sale of shares in publicly traded partnerships (PTPs)
- How to complete Form 4797 Sale of Business Assets
- Show knowledge of IRS ethics governing CPAs, EAs, attorneys and Registered Tax Return Preparers
- Be familiar with confidentiality rules and civil penalties that may apply under Sections 6694, 6695, 6701, 6713 and 7216.
- Understand IRS e-file rules
- Know the layout of California Form 540NR and Schedule CA (540NR)
- Be familiar with common adjustments made in apportioning income on Schedule CA (540NR)
- Understand how to complete California part year and nonresident returns
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.
April resides in Portland, Oregon, with her husband Jess and her two young boys. Her pastimes include gardening, travel, and playtime with her Arabian horse Fancy.
Any Time, Anywhere
openCampus, our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
- If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
- Complete assignments and tests then submit your answers online.
Advance Preparation Required
Our site 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 site before attending class.
Recommended Minimum Requirements
The following requirements are recommended for using this 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 this site.
If you encounter log in or video viewing difficulties, we strongly recommend you install Google Chrome.
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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 six months 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, a link to which can be found on the catalog page for each Basic Tax course.
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:
Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
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: email@example.com
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.