December 11, 2023


Webcast Replay


8 CPE

Individual Tax Fundamentals

December 11, 2023
Webcast Replay
8 CPE

Individual Tax Fundamentals

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    Instructor

    Jennifer
    Elder

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    Instructor

    Jina
    Etienne

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Learning Objectives

· Determine the filing status and interpret the filing requirements for individual taxpayers. · Determine gross income inclusions and exclusions around dividends and interest. · Differentiate the taxability of deferred income, Social Security benefits, and other taxable income. · Apply the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns. · Recognize education-related expenses and the rules for Health Savings Accounts. · Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions. · Gather the necessary information required to include tax credits on an individual tax return. · Recognize when the Medicare payroll tax will affect an individual. · Identify the applicability of the Medicare tax on NII.

Major Topics

· Filing requirements and personal exemptions · Gross income inclusions, exclusions, and adjustments · Travel and entertainment · Standard and itemized deductions · Tax credits · Tax phase-out provisions for high income taxpayers · 3.8% net investment income (NII) tax · Income exclusions · Hot tax planning strategies for individuals and small businesses · Roth IRA, IRA, and retirement plan options · Section 199A qualified business income deduction

CPE Credits Available

8 CPE
8
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Leadership
  • Pracitioner
  • Pracitioner's
  • Pracitioners
  • Tax
  • Taxation

Prerequisites

None

Advanced Preparation

None

Intended Audience

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

Provider

AICPA

This event has ended.