Individual Tax Fundamentals - Tax Staff Essentials
Available for 1 year after purchase date
**OnDemand**
13.5 Credits
Member Price $255.00
Non-Member Price $315.00
Overview
Tax professionals can enhance their practice by studying tax-saving strategies for individual clients.
Highlights
Key Topics
- Filing requirements and personal exemptions
- Gross income inclusions, exclusions, and adjustments
- Standard and itemized deductions
- Tax credits
- Tax provisions for high-income taxpayers
- 3.8% net investment income tax
- Roth IRA, IRA, and retirement plan options
- SECURE and SECURE 2.0 changes to retirement plan distributions
- Section 199A qualified business income deduction
Prerequisites
None
Designed For
Who Will Benefit
- CPAs working with individual tax clients
Objectives
Learning Outcomes
- Identify which dividends are taxable.
- Identify individual retirement account (IRA) and qualified plan distributions.
- Recall how health savings accounts (HSAs) work.
- Recall the general rules of 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.
- Recognize the rules for taking advantage of the tax credits for higher education.
Non-Member Price $315.00
Member Price $255.00