Registered Tax Return Preparer Exam Topic

"Treatment of Income and Assets"

Thought you might be interested in a brief input about another important topic included in the RTRP competency examination. Read more here 

"Treatment of Income and Assets"  

To prepare income tax returns for individual and the self-employed taxpayers, tax return preparers are called upon to show a basic competency on topics related to the tax treatment of income and assets. In this article I explore the content of that basic competency.