Intermediate Individual Taxation - Tax Staff Essentials

Overview

Tax tips and tax stra

Tax tips and tax strategies to help your new and existing individual clients.

Course Instructor: Deborah Phillips

Highlights

Gains and losses on property transactions

Fringe benefits

Retirement plan distributions

Hobby losses

Home offices

Depreciation and amortization

Tax credits

The qualified business income deduction under Section 199A

Prerequisites

Working knowledge of individual income taxation and Form 1040 preparation

Designed For

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation

Objectives

Determine whether an activity is passive or active.
Determine the allowable deductions for vacation homes.
Recognize how material participation affects the taxation of an activity.
Determine the amounts allowable for deducting travel and transportation expenses.
Identify income categories and entity types that qualify for the qualified business income (QBI) deduction.
Identify the rules for amortizing and expensing start-up costs, intangible assets, and research and experimentation expenditures.
Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.

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.