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Individual Tax Fundamentals - Tax Staff Essentials

ID: 60875
Thursday July 25, 2024 9:00AM - 5:00PM
Topics: Tax
NON-MEMBERS$403.00
MEMBERS$332.00
YOUR PRICE$403.00

Basic, but not boring

Newcomers to tax return preparation are exposed to the many topics that encompass individual taxation. Topics, discussed in an approachable format, include:

- Filing requirements and dependents

- Gross income inclusions and exclusions

- Adjustments to income

- Standard and itemized deductions

- Refundable and nonrefundable tax credits

- Tax computations

- Penalties

Taking advantage of present opportunities for your clients' future

Tax planning involves understanding a client's current situation to anticipate areas of future tax savings. You’ll review common individual tax planning topics to better help clients prepare for their future.

Decoding recent legislative changes for individual taxpayers

You’ll be able to provide your clients with the most current tax planning and tax-saving strategies for their tax plans. This course is updated for recent IRS guidance and legislation, including:

- IRS revenue procedures and notices

- SECURE 1.0

- SECURE 2.0

- Inflation Reduction Act

Learning Objectives:

· Identify individual retirement account (IRA) and qualified plan distributions.

· Recognize the taxation of virtual currency.

· Recall how health savings accounts (HSAs) work.

· Recall the self-employed health insurance deduction.

· Recall the deductibility of charitable contributions.

· Recall the steps to figuring the qualified business income deduction under Section 199A.

· Recall the net investment income tax (NIIT) on unearned income.

Who will benefit:

· CPAs working with individual tax clients

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.