California Tax Review for CRTPs

PROGRAM CONTENT

This course covers rules specific to California income tax returns. Program content includes residency rules for individuals, 2023 filing requirements, community property rules, deductions, adjustments, credits, AMT, and other taxes.

CPE CREDIT HOURS

5 Credit Hours. One 50-minute period equals one CPE/CE Credit Hour.

EXPIRATION DATE

The Final Exam must be completed online before November 1, 2024.

PROGRAM LEVEL

Overview. This course provides a general overview of the subject area from a broad perspective. It is appropriate for tax professionals at all organization levels.

LEARNING OBJECTIVES

• Residency Requirements
  • 1-A Determine residency status for California individuals.
  • 1-B Determine residency of a taxpayer present in California for temporary or transitory purposes.
  • 1-C Identify exceptions to the general residency rules for specific professions.
  • 1-D Calculate California tax for nonresidents and part-year residents.
  • 1-E Classify categories of income as taxable or nontaxable by the state of California.
• Filing Requirements
  • 2-A Compare certain filing statuses.
  • 2-B Determine eligibility for Head of Household filing status.
  • 2-C Determine 2023 filing requirements for California tax returns.
  • 2-D Determine filing requirements for residents of or individuals in foreign countries.
  • 2-E Identify California filing issues for military personnel.
• Community Property and Married/RDP Filing Separately
  • 3-A Identify community property rules for California.
  • 3-B Distinguish community or separate property and income.
  • 3-C Determine the division of income, deductions, and credits for California individuals filing separate returns.
  • 3-D Compute the division of income for California taxpayers filing separate returns.
  • 3-E Identify differences between California tax law and federal tax law for individuals filing Married/RDP Filing Separately.
• Deductions, Exemption Credits, and Adjustments
  • 4-A Determine the California standard deduction.
  • 4-B Calculate California itemized deductions.
  • 4-C Determine California itemized deductions limitation.
  • 4-D Calculate total California exemption credits available per taxpayer.
  • 4-E Identify California differences for adjustments to federal income.
• Credits, AMT, and Health Care Penalty
  • 5-A Identify California tax credits available for personal income tax purposes.
  • 5-B Determine eligibility for the California Child and Dependent Care Credit.
  • 5-C Determine eligibility for California credits available for low-income taxpayers.
  • 5-D Recognize when California alternative minimum tax (AMT) applies to certain taxpayers.
  • 5-E Determine the California individual shared responsibility penalty for not having minimum essential health care coverage.

RECOMMENDED PARTICIPANTS

Individuals who prepare California income tax returns are encouraged to participate in this course.

*All CE hours issued by The Tax Book