FL Tax Law Specialist study plan

Map Domain 1 into its four sub-areas (gross income inclusions/exclusions, above-the-line and itemized deductions, credits, filing status and dependents) and rate your confidence in each on a 1-5 scale

Compute gross income and adjusted gross income for three fact patterns that mix wages, self-employment income, capital gains, retirement distributions, and excludable items such as municipal bond interest and gifts

Distinguish between deductions for AGI and from AGI by sorting a list of twenty expense items into the correct category with a one-line justification for each

Resolve dependency and filing status questions in five short scenarios covering qualifying child, qualifying relative, head of household, and married filing separately

Apply the rules for basis, holding period, and character of gain or loss to sales of stock, a personal residence, and a depreciable business asset

Calculate the tax effect of the major individual credits (child tax credit, earned income credit, child and dependent care, education credits, and retirement savings contributions credit) against stated income levels and phase-out ranges

Determine estimated tax payment requirements and the underpayment penalty exceptions for a wage earner with significant investment income

Reconstruct the treatment of common exclusions and adjustments, including health savings accounts, student loan interest, IRA contributions, and the self-employment tax deduction

Trace how income and expenses flow from a sole proprietorship through Schedule C and Schedule SE onto the individual return, including self-employment tax and the qualified business income deduction

Explain the tax consequences of partnership formations, non-liquidating distributions, and liquidating distributions with respect to basis, gain recognition, and the sharing of liabilities

Compare the tax treatment of S corporation and C corporation shareholders on distributions, salary versus dividend characterization, and the built-in gains tax

Compute corporate taxable income starting from book income by adjusting for the dividends received deduction, charitable contributions, and the net operating loss deduction

Order the procedural steps of an IRS examination from selection through the notice of deficiency, and identify the taxpayer's response options and deadlines at each step

Distinguish the authority and limits of Circular 230 practice before the IRS, including who may represent a taxpayer and what constitutes practice

Apply the rules for statutes of limitation on assessment and collection, and identify the events that extend or suspend them

Determine when a return is treated as filed for limitations purposes and how the fraud and substantial omission exceptions change the outcome

Compute Florida corporate income tax by starting from federal taxable income and applying the statutory adjustments, apportionment, and the exemption

Apply the apportionment formula to a multistate taxpayer using the applicable sales, property, and payroll factors, and explain how Florida sources receipts from services and intangibles

Identify the entities subject to Florida corporate income tax, including the treatment of S corporations, partnerships, and disregarded entities

Determine filing requirements, due dates, extension rules, and estimated payment obligations for a Florida corporate taxpayer

Classify ten transactions as taxable, exempt, or outside the scope of Florida sales tax, citing the applicable category of exemption or exclusion

Determine when a seller must register, collect, and remit Florida sales tax, including the treatment of remote sellers and marketplace sales

Apply Florida use tax rules to out-of-state purchases and to property withdrawn from inventory for personal or business use

Compute the tax base for mixed transactions involving taxable goods, services, shipping, and separately stated installation charges

Compute Florida documentary stamp tax on deeds, promissory notes, mortgages, and written obligations by applying the correct rate to the correct base for each instrument

Determine which documents are exempt from documentary stamp tax and identify the county surtax where it applies

List the other Florida state taxes covered on the exam (for example, intangible personal property, corporate franchise-style filing fees, and severance or communications services taxes) and state the taxpayer and base for each

Review the sales and use tax exemptions most often tested and rank them by likely exam frequency

Sequence a Florida tax controversy from assessment through informal protest, formal protest, and appeal, and identify the deadlines for each step

Explain Florida Department of Revenue collection tools, including warrants, liens, levies, and the available payment plans and compromises

Compare Florida procedural protections with federal IRS procedure on assessment, collection due process, and judicial review

Integrate all seven domains by working a mixed set of at least 60 questions under timed conditions and analyzing every error by domain