Webinar

Intermediate Individual Taxation

If you have questions about this event, please call us at 952-831-2707.

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Learn tax tips and latest tax strategies to help your individual clients. Understand how to respond to the needs of new and existing clients.

Major subjects

• Gains and losses on property transactions
• Fringe benefits
• Retirement plan distributions
• Hobby losses
• Home offices
• Depreciation and amortization
• Tax credits
• The qualified business income deduction under Section 199A

Learning objectives

• Determine the various items that should be included or excluded in an individual's gross income and their proper tax treatment.
• Identify the specific rules that apply under the "passive activity" rules.
• Identify and calculate the business deduction for home office expenses and deduction limitations on vacation homes and other ordinary business expenses.
• Recognize the tax implications of having rental real estate classified as an active or passive activity.
• Determine the amounts allowable for deducting travel, transportation, and meals expenses.
• Identify the rules for depreciation and amortization deductions.
• Differentiate between capital and ordinary income treatment on property transactions.
• Identify tax consequences for self-employed retirement plans and IRAs.
• Gather the information required to include the claim for a tax credit on an individual income tax return.
• Calculate the qualified business income deduction.

Who should take this program?

• CPAs working with clients or employers requiring uptodate expertise in individual income taxation for the current tax season

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $403.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.