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Individual Tax Fundamentals - Tax Staff Essentials

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AICPA Webcasts

Online, OK 00000

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8.00 Credits

Member Price $332

Non-Member Price $403

Overview

Basic, but not boring
Newcomers to tax return preparation are exposed to the many topics that encompass individual taxation. Topics, discussed in an approachable format, include:

  • Filing requirements and dependents
  • Gross income inclusions and exclusions
  • Adjustments to income
  • Standard and itemized deductions
  • Refundable and nonrefundable tax credits
  • Tax computations
  • Penalties

    Taking advantage of present opportunities for your clients' future
    Tax planning involves understanding a client's current situation to anticipate areas of future tax savings. You'll review common individual tax planning topics to better help clients prepare for their future.

    Decoding recent legislative changes for individual taxpayers
    You'll be able to provide your clients with the most current tax planning and tax-saving strategies for their tax plans. This course is updated for recent IRS guidance and legislation, including:
  • IRS revenue procedures and notices
  • SECURE 1.0
  • SECURE 2.0
  • Inflation Reduction Act

    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.
  • Leader(s):

    • William Harden, AICPA

    Non-Member Price $403

    Member Price $332