Intermediate Individual Taxation – Tax Staff Essentials

Overview

Tax tips and tax strategies to help your new and existing individual clients.

Highlights

Gains and losses on property transactions

Fringe benefits

Retirement plan distributions

Hobby losses

Home offices

Depreciation and amortization

Tax credits

The qualified business income deduction under Section 199A

Prerequisites

Knowledge of individual income taxation and Form 1040 preparation

Designed For

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

Objectives

Determine the various items that should be included or excluded in an individual's gross income and their proper tax treatment.
Recognize how material participation affects the taxation of an activity.
Identify and calculate the business deduction for home office expenses and deduction limitations on vacation homes and other ordinary business expenses.
Recognize the tax implications of having rental real estate classified as an active or passive activity.
Determine the amounts allowable for deducting travel, transportation, and meals expenses.
Determine the appropriate tax treatment of certain self-employed retirement plan distributions and rollovers.
Calculate the qualified business income deduction.

Notice

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