Course Topics:
- Sample of state tax liabilities for Mr. Tony Stark as a California nonresident and New York State resident, integrating residency status considerations and state-specific tax regulations into the preparation of both California and New York State tax returns.
- Differences between federal and New York State itemized deduction rules, utilizing IRS forms and publications to compute New York itemized deductions for tax year 2023 accurately.
- Appropriate filing status and standard deduction amount based on individual circumstances.
- New York State tax tables and computation methods based on their filing status, adjusted gross income, and taxable income.
- Eligibility criteria and accurately claim the nonrefundable New York State resident tax credit, maximizing tax benefits and ensuring compliance with state tax regulations.
Estimated time: 2 hours
- Teacher: Joelle Marie Rebato