This course will review the details associated with the American Opportunity and Lifetime Learning Education Tax Credits. A discussion of tax free benefits such as Scholarships and Fellowships is also covered and the impact these benefits have on the calculation of Education Credits.
Course Publication Date:
April 15, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or
webinar membership or can be purchased for
$20.00!
| Author: | Frank Castillo CPA |
| Course No: | TAX-EDUCATE-10049 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Identify elements which impact the “tax free” status of Scholarships and Fellowships.
- Determine eligibility requirements in calculating the American Opportunity Tax Credit.
- Identify Qualified Education Expenses in the context of calculating the AOTC.
- Identify steps required to calculate tax recapture when Qualified Education Expenses are refunded.
- Identify the differences between the American Opportunity Tax Credit and the Lifetime Learning Credit.
- Identify Qualified Education Expenses in the context of calculating the Lifetime Learning Credit.