Description
Course Overview
Taxpayers who must repay income previously reported may qualify for tax relief under IRC Section 1341. This Nano Learning course examines claim of right eligibility, repayment requirements, and the deduction and credit calculation methods available when previously taxed income must be repaid.
Explore additional topics in our Nano Learning course collection.
What You'll Learn
Evaluate when taxpayers may qualify for Section 1341 claim of right relief and compare the available deduction and credit calculation methods.
Who This Course Is For
Tax and accounting professionals advising clients on repayments of previously reported income, including wages, bonuses, settlements, and other income items.
Course Details
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Program Level |
Basic |
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Prerequisites |
No |
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Advanced Preparation |
None |
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Field of Study |
Taxes |
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Credit Hours |
0.2 CPE |
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Delivery Method |
Nano Learning |
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CPE Eligibility |
CPAs |
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Refund Policy |
For refund, complaint, or cancellation policies, contact our office at 1-800-384-1101. |
CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

