Providing an outstanding foundation in the federal tax arena for individuals, this course provides up-to-date information on critical tax issues. You learn to sort
through the maze of tax compliance and tax planning strategies, helping you make sure you are taking advantage of present opportunities and preparing for the future. Join us for this fast-paced, real-world session and make yourself look like a hero in the eyes of your clients. Course materials include the latest legislative and
IRS guidance on the latest key tax topics.
Learning Objectives
When you complete this course, you will be able to:
- Determine the filing requirements for individual taxpayers.
- Calculate the self-employed health insurance deduction.
- Identify the rules for Health Savings Accounts.
- Identify the applicability of the Additional Medicare Payroll Tax on net
- investment income.
Major Topics
- Filing requirements and personal exemptions
- Gross income inclusions, exclusions, and adjustments
- Travel and entertainment
- Standard and itemized deductions
- Tax and tax credits
- 0.9% Additional Medicare Payroll Tax
- 3.8% Net Investment Income Tax
- Income exclusions
- Hot tax planning strategies for individuals and small businesses
- Roth IRA, IRA, and retirement plan options