CPE & Events Catalog
Intermediate Individual Taxation - Tax Staff Essentials
Modern tax strategies for individual clients
Frequent changes in legislation make it challenging to keep track of the opportunities for individuals to save on their taxes. Materials explain the latest tax law changes and the individual and business planning opportunities they provide.
You'll gather a wealth of tax-planning tips and strategies and learn about key tax return issues so you have the latest guidance to serve your clients better.
In this course, you'll explore the effects of the latest tax legislative, regulatory, and court actions, including:
American Rescue Plan of 2021
SECURE Act 1.0
SECURE Act 2.0
Inflation Reduction Act of 2022
Tax Court decisions
IRS guidance on the hottest tax topics affecting individual taxpayers
Frequent changes in legislation make it challenging to keep track of the opportunities for individuals to save on their taxes. Materials explain the latest tax law changes and the individual and business planning opportunities they provide.
You'll gather a wealth of tax-planning tips and strategies and learn about key tax return issues so you have the latest guidance to serve your clients better.
In this course, you'll explore the effects of the latest tax legislative, regulatory, and court actions, including:
Learning Objectives
- Determine whether an activity is passive or active.
- Determine the allowable deductions for vacation homes.
- Recognize how material participation affects the taxation of an activity.
- Determine the amounts allowable for deducting travel and transportation expenses.
- Identify income categories and entity types that qualify for the qualified business income (QBI) deduction.
- Identify the rules for amortizing and expensing start-up costs, intangible assets, and research and experimentation expenditures.
- Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.
Highlights
· Determine whether an activity is passive or active.
· Determine the allowable deductions for vacation homes.
· Recognize how material participation affects the taxation of an activity.
· Determine the amounts allowable for deducting travel and transportation expenses.
· Identify income categories and entity types that qualify for the qualified business income (QBI) deduction.
· Identify the rules for amortizing and expensing start-up costs, intangible assets, and research and experimentation expenditures.
· Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.
Event Level: Intermediate
Field of Study: Taxation
Who Should Attend
· CPAs working with clients or employers requiring up-to-date expertise in individual income taxation
Required Knowledge
Working knowledge of individual income taxation and Form 1040 preparation
