Overview:This course provides participants up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans. TOPICS DISCUSSED • Filing requirements and personal exemptions • Gross income inclusions, exclusions, and adjustments • Travel and entertainment • Standard and itemized deductions • Tax and tax credits • 0.9% Medicare Payroll Tax • 3.8% Net Investment Income Tax
Objective:LEARNING OBJECTIVES When you complete this course you will be able to: • 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 impact an individual • Identify the applicability of the Medicare tax on Net Investment Income
Designed For:CPAs and accountants new to taxation
Member/Nonmember Fees:249 / 319
CPE:Taxes 8 hour(s)
Yellow Book Credit:N
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-person class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.