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Intermediate Individual Taxation (2020)

Description

Many individual taxpayers were unprepared for the changes caused by The Tax Cuts and Jobs Act of 2017. This Act was the biggest overhaul of the Internal Revenue Code since 1986. This course provides a wealth of tax-planning tips and strategies and addresses key tax return issues to arm you with the latest guidance to better serve your clients. The course materials include in-depth coverage of Section 199A: The Qualified Business Income Deduction. Get practical insights from nationally recognized tax experts, as well as coverage of the latest tax legislation, tax court rulings, and IRS guidance.

Learning Objectives

When you complete this course you will be able to: – Recognize compensation issues and nontaxable employee fringe benefits – 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 – Analyze the deductibility of hobby losses – 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 necessary information required to include the claim for a tax credit on an individual income tax return

Major Topics

· Fringe benefits

· Retirement plan distributions

· Hobby losses

· Home Offices

· Depreciation and amortization

· Tax Credits

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Practitioners
Tax
CPE Field of Study
Taxes
8
Who Should Attend

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

Instructor(s)
Bill Harden
Prerequisites

Knowledge of individual income taxation and Form 1040 preparation

Advanced Preparation

None

Location
Online
Event Information
When
Jul 23, 2020
10:30 am - 6:30 pm EST
Location
Online
Total CPE Credits
8
Format
Webcast Replay

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Intermediate Individual Taxation (2020)


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