This webcast provides up-to-date information on critical tax issues, giving you an outstanding foundation in the federal tax arena for individuals. Let us help you sort through the maze of tax compliance and tax planning strategies to make sure you are taking advantage of present opportunities and preparing for the future.
It’s critical that you ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans. Join us for this fast-paced, real-world webcast and make yourself look like a hero in your client’s eyes. Materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.
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
Recognize when the Medicare Payroll Tax will impact an individual
Identify the applicability of the Medicare tax on Net Investment Income
Major Topics
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
Income exclusions
Hot tax planning strategies for individuals and small businesses
