Intermediate Individual Taxation

Description

The industry's best tax return training will reinforce your understanding of frequently used principles. Learn practical insights from nationally recognized tax experts. In this fast-paced, real world session, cover all the key tax return issues so you are armed with the latest guidance for the upcoming tax season. This course provides a wealth of tax-planning tips and strategies, don't miss out! Course materials will include the impact of the Tax Cuts and Jobs Act of 2017 tax reform law.

Highlights

Topics discussed

Fringe benefits

Retirement plan distributions

Hobby losses

Home Offices

Depreciation and amortization

Tax Credits

Gains and losses on property transactions

Objectives

When you complete this course you will be able to:

Recognize compensation issues and nontaxable employee fringe benefits

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

Analyze the deductibility of hobby losses

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 necessary information required to include the claim for a tax credit on an individual income tax return