DESCRIPTION
This module discusses the taxation of various types of compensation. In addition, the material introduces practical scenarios for evaluation. The learning for this module is delivered through a variety of lectures and exercises, as well as a review of the relevant IRS forms.
LEARNING OBJECTIVES
- Define compensation and related terms.
- Identify the Tax treatment of common types of compensation.
- Identify important items on Forms W-2, 1099-NEC, and 1099-MISC.
- Identify Tax treatment of retirement income on Forms 1099-R and SSA-1099.
- List common errors made when dealing with Forms W-2 and 1099-R.
