This Professional Studies program is offered for 0.2 PS CEUs at the little/none Content Knowledge Level. RID HQ is an approved RID CMP Sponsor for continuing education activities.
From TurboTax.com to FreeTaxUSA.com, there are a lot of options available to interpreters who want to file their own taxes. However, if you don’t have an understanding of business and personal deductions, many tax saving opportunities can easily fall through the cracks while self-filing. During this workshop participants will learn how to reduce their taxable income through maximizing both business and personal deductions when they file their own taxes. I will also show you where these deductions are reported on your tax return so you can double check it for accuracy before filing. And for those who are concerned about how much you might owe this year, I’ll explain how to easily calculate an estimate of your taxes to help you feel more prepared before you begin working on your taxes.
At the completion of this activity:
1. Participants will be able to list 8 business deductions and understand how to maximize their business phone, home office and auto expenses.
2. Participants will be able to easily calculate an estimate of their tax liability.
3. Participants will be able to list 3 personal tax deductions that can reduce their taxable income.
4. Participants will be able to locate their business and personal deductions on their tax return to check for accuracy.
Key:
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Module 1: Opening and Intro Video
Open to view video. | 4 minutes
Open to view video. | 4 minutes
Module 2: Business Deductions Video
Open to view video. | 27 minutes
Open to view video. | 27 minutes
Module 2: Business Deductions Quiz
2 Questions | Unlimited attempts | 2/2 points to pass
2 Questions | Unlimited attempts | 2/2 points to pass
Module 3: Personal Deductions Video
Open to view video. | 18 minutes
Open to view video. | 18 minutes
Module 3: Personal Deductions Quiz
2 Questions | Unlimited attempts | 2/2 points to pass
2 Questions | Unlimited attempts | 2/2 points to pass
Module 4: Tax Return Basics Video
Open to view video. | 16 minutes
Open to view video. | 16 minutes
Module 4: Tax Return Basics Quiz
2 Questions | Unlimited attempts | 2/2 points to pass
2 Questions | Unlimited attempts | 2/2 points to pass
Module 5: Examples & Activities Intro
Open to view video. | 13 minutes
Open to view video. | 13 minutes
Module 5: Activity 1 - Scavenger Hunt Instructions
Open to view video. | 1 minute
Open to view video. | 1 minute
You will need to use the document under the "Handouts" tab titled "Activity 1: Scavenger Hunt."
Module 5: Activity 1 - Scavenger Hunt Answers
Open to view video. | 3 minutes
Open to view video. | 3 minutes
Module 5: Activity 2 - Tax Return Review Instructions
Open to view video. | 1 minute
Open to view video. | 1 minute
Please use the document under the "Handouts" tab titled "Activity 2 - Tax Return Review."
Module 5: Activity 2 - Tax Return Review Answers
Open to view video. | 5 minutes
Open to view video. | 5 minutes
Wrap up Video
Open to view video. | 6 minutes
Open to view video. | 6 minutes
Certificate of Completion
0.200 Professional Studies credits | Certificate available
0.200 Professional Studies credits | Certificate available
Program Evaluation
4 Questions
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