Investment & Pass-Through Income Reporting Requirements (Including FBAR and FATCA)

Lecture Content

This lecture covers a variety of topics and miscellaneous items that affect preparation of individual tax returns including: net investment income tax, amended returns, the kiddie tax, estimated taxes, other taxes, and penalties.

Topics Covered

* Tax on uncollected social security and Medicare wages
* Household employment taxes
* Additional Medicare tax
* Net investment income tax (NIIT)
* Other taxes
* Federal refund direct deposit
* Refund offsets
* Injured spouse allocation
* Innocent spouse relief
* Tax payment options and methods
* Options for filers who can’t afford to pay tax owed
* Estimated tax payments
* Penalty for underpayment of estimated tax
* Amended tax returns
* Kiddie tax on investment income of children

You can purchase the manual for this course for $1.99 at

Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education:

* The IRS
* NASBA QAS (NASBA Sponsor #109290),
* Oregon Tax Board,
* The Texas State Board of Public Accountancy (Texas Sponsor #009794)
* The New York State Board for Public Accountancy (Sponsor License #002479)

You can receive 5 hours of CE for $70 by enrolling in this course at

Terms of Use or Enrollment

Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.