This webcast provides participants up-to-date information on critical
tax issues, giving them 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. Topics
Discussed: • Filing requirements and personal exemptions • Gross income
inclusions, exclusions, and adjustments • Travel and entertainment •
Standard and itemized deductions • Tax and tax credits • 0.9% Medicare
Payroll Tax • 3.8% Net Investment Income Tax
Learning Objectives
" Determine the filing status and interpret the filing requirements for individual taxpayers Determine gross income inclusions and exclusions around dividends and interest Differentiate the taxability of deferred income, Social Security benefits, and other taxable income Apply the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns
Recognize Education related expenses and the rules for Health Savings Accounts Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions Gather the necessary information required to include tax credits on an individual tax return
Recognize when the Medicare Payroll Tax will impact an individual Identify the applicability of the Medicare tax on Net Investment Income "
Major Topics
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Filing requirements and personal exemptions
Gross income inclusions, exclusions, and adjustments
Travel and entertainment
Standard and itemized deductions
Tax and tax credits
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