1. TAX-AIDE Introduction to Federal Income Tax Law

2. TAX-AIDE Tax Law Basics ● All income is taxable, unless the law says it is not ● No deduction is allowed, unless the law says it is ● No credit is allowed, unless the law says it is NTTC Training – TY2015 2

3. TAX-AIDE Tax Law Basics NTTC Training – TY2015 3 Income Minus adjustments = Adjusted gross Income Minus deductions and exemptions = Taxable Income

4. TAX-AIDE Form 1040 ● Identity, filing status and exemptions ● Income ● Adjustments ● Deductions and exemptions ● Tax and nonrefundable credits ● Additional taxes ● Refundable credits NTTC Training – TY2015 4

5. TAX-AIDE Form 1040 NTTC Training – TY2015 5 15 xx

6. TAX-AIDE Income NTTC Training – TY2015 6

7. TAX-AIDE Adjustments NTTC Training – TY2015 7

8. TAX-AIDE Page 2 NTTC Training – TY2015 8 Nonrefundable

9. TAX-AIDE Page 2 cont. NTTC Training – TY2015 9 Refundable

10. TAX-AIDE Training Materials ● Pub 4491 – Training Guide (Updated for 2015) ● NTTC Workbook – Practice Exercises ● Pub 4012 – Resource Guide ● Form 6674 – Certification Test and Retest ● Pub 17 – Your Federal Income Tax for Individuals NTTC Training – TY2015 10

11. TAX-AIDE The Text Book NTTC Training – TY2015 11 evergreen

12. TAX-AIDE Pub 4491 NTTC Training – TY2015 12 Follows Form 1040 order

13. TAX-AIDE Pub 4491 (cont) NTTC Training – TY2015 13

14. TAX-AIDE Work- book NTTC Training – TY2015 14 evergreen

15. TAX-AIDE New Work- book NTTC Training – TY2015 15

16. TAX-AIDE NTTC Workbook – Practice Exercises ● Contains 15 exercises. ● Includes ACA questions ● Available on OneSupport Help Center. NTTC Training – TY2015 16

17. TAX-AIDE The Golden Book Primary Reference Tool Contains new ACA Tab NTTC Training – TY2015 17

18. TAX-AIDE The Test NTTC Training – TY2015 18

19. TAX-AIDE The Test Includes new Intake/ Interview & QR Test Basic Test not required for AARP Tax-Aide NTTC Training – TY2015 19

20. TAX-AIDE Details Line-by Line NTTC Training – TY2015 20 2015

21. TAX-AIDE Details Line-by Line NTTC Training – TY2015 21 2015

22. TAX-AIDE Introduction to Income Tax Questions… Comments… NTTC Training – TY2015 22