Advanced Staff Tax Training: Individual 2024
8.00 Credits
Member Price $299
Non-Member Price $399
Overview
This course will elevate your individual income tax preparation skills and knowledge. It will help you go beyond the basics and will help you provide superior service to your clients. We will cover topics including taxation of investments, reporting of partnership and S-corporation income, net investment income tax, calculation of self-employment taxes, household employer taxes, social security taxation, basic retirement planning opportunities and Alternative Minimum Tax (AMT). In addition, we will also do a review of loss limitations and much more.
Highlights
- Taxation of investments
- Reporting of business income and losses from pass-through entities including loss limitations
- Non-income taxes that impact individual income tax returns
- Retirement contributions and planning
- Alternative Minimum Tax (ATM)
- Social Security taxation
- Charitable contribution planning with limitations
Prerequisites
Working knowledge of basic individual income tax concepts.
Designed For
Tax professionals, CPAs, accountants, and other financial professionals looking to expand and update their understanding and knowledge of individual income tax preparation.
Objectives
- Identify all of the individual income tax series 1040 and basic schedules and know when each form is used
- Calculate the total tax liability of an individual taxpayer with several advanced individual complications
- Recognize concepts through the use of basic quick case studies
Preparation
None
Leader(s):
Leader Bios
Troy Lewis
Troy Lewis is the Past Chair of the Tax Executive Committee of the American Institute of CPAs (AICPA) in Washington, DC. In this role, he has testified six times before the United States Senate Finance Committee and the House Committee on Small Business. Mr. Lewis has been active with the AICPA and the Utah Association of CPAs, for over two decades serving in key leadership positions including the President of the UACPA. Mr. Lewis currently teaches accounting and tax at Brigham Young University in Provo, Utah. He is in practice as a Manager/Member at Lewis & Associates, CPAs, LLC in Draper, Utah. He also worked in public accounting at Arthur Andersen and for a community bank in St. George, Utah. He obtained his Masters of Accountancy and Bachelors of Science in Accountancy from Brigham Young University. He is also a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA).
Non-Member Price $399
Member Price $299