Individual Tax Fundamentals

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12.0 Credits

This CPE course provides you up-to-date information on critical tax issues, providing an outstanding foundation in the federal tax arena for individuals. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans.The course also includes coverage of the PATH Act and Transportation and Highway Funding bill legislation.


  • Recall the filing requirements for individual taxpayers
  • Determine the filing status of individual taxpayers.
  • Recognize who can be claimed as a dependent by a taxpayer
  • Calculate the personal exemption allowable on a return
  • Identify which dividends are taxable
  • Calculate the correct tax rate for dividend income
  • Determine whether various interest income is taxable
  • Recall how to account for IRA and qualified plan distributions
  • Recall rules pertaining to IRA rollovers
  • Identify when Social Security benefits become taxable
  • Determine the amounts allowable for deducting travel and transportation expenses, meal expenses, and entertainment expenses
  • Identify deductible student loan interest
  • Recognize what qualifies for the higher education tuition deduction
  • Recongize and apply rules related to health savings accounts
  • Calculate the moving expense deduction
  • Calculate the self-employed health insurance deduction
  • Identify deductible alimony payments
  • Determine the deduction for domestic production activities

Major Topics

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Sole proprietorships and hobby loss rules
  • Home offices, rental properties, and vacation homes
  • Passive activities
  • Travel and entertainment
  • Education related expenses
  • Health Savings Accounts
  • Self-Insured Health Insurance
  • Alimony payments
  • Itemized deductions: medical, taxes, interest, charitable contributions, casualty and theft
  • Net Investment Income Tax
  • Kiddie Tax, Estimated Taxes, Shared Responsibility Payment
  • Tax credits

Designed For

CPAs and accountants new to taxation
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