Congress continues to create uncertainty with its frequent legislative changes. Stay up to date with the tax law changes and the planning opportunities they provide for individuals and businesses. Gather a wealth of tax-planning tips and strategies and learn about key tax return issues so you have the latest guidance to better serve your clients. Explore in-depth the effects of the latest tax legislation, including SECURE 2.0, and IRS guidance on the hottest tax topics affecting individual taxpayers.
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.
Experience in individual taxation and Form 1040 preparation.
CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season.
Determine the various items that should be included or excluded in an individual’s gross income and their proper tax treatment. Identify the specific rules that apply under the “passive activity” rules. Identify and calculate the business deduction for home office expenses and deduction limitations on vacation homes and other ordinary business expenses. Recognize the tax implications of having rental real estate classified as an active or passive activity. Determine the amounts allowable for deducting travel, transportation, and meals expenses. Identify the rules for depreciation and amortization deductions. Differentiate between capital and ordinary income treatment on property transactions. Identify tax consequences for self employed retirement plans and IRAs. Gather the information required to include the claim for a tax credit on an individual income tax return. Calculate the qualified business income deduction.
William Harden, AICPA Membership Marketing
Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and international tax. Prior to teaching, Bill was a Senior Tax Accountant with an international CPA firm as well as a tax accountant for an international oilfield services company. In addition to his university teaching, Bill consults on tax and financial planning issues. He has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002.
Non-Member Price $403.00
Member Price $332.00