When most taxpayers look for tax savings, they look for tax deductions; however, tax credits provide a dollar-for-dollar tax reduction. This class will 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 research and development credit and the work opportunity tax credit.

  • Describe how tax credits are claimed by individuals and business entities and the effect on other tax attributes.

Education Information

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

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

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Online Webinar/Group Internet Based

Field of Study: NASBA Taxes; IRS Federal Tax Law Topics/Federal Tax Related Matters

Credit Hours: 2 CE/CPE

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 to learn more about our education policies. 

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