Individual Tax Fundamentals - Tax Staff Essentials

Overview

Tax professionals can

Tax professionals can enhance their practice by studying tax-saving strategies for individual clients.

Course Instructor: William Harden

Highlights

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

Section 199A qualified business income deduction

Prerequisites

None

Designed For

CPAs working with individual tax clients

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.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA (do_not_reply@on24event.com). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.