Course ID: IIT

Individual Income Taxation: Practical Tax Return Guidance for Your Upcoming Tax Season

Get your tax return training from the industry’s best! AICPA’s individual tax workshop provides the latest practical insights from nationally recognized tax experts. Reinforce your understanding of frequently used principles, and receive a wealth of tax-planning tips and strategies. Learn how to apply the latest changes when preparing federal income tax returns, and advise clients on new developments and tax-saving ideas for individuals. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law. Make sure you are armed with the latest tax guidance as you enter the upcoming tax season!


Learning Objectives

  • 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

Major Topics

• Fringe benefits • Retirement plan distributions • Hobby losses • Home Offices • Depreciation and amortization • Tax Credits • Gains and losses on property transactions


Who Should Attend

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


Fields of Study

Taxes

Prerequisites

Knowledge of individual income taxation and Form 1040 preparation


Provider

AICPA

CPE Credits

8.0

Level

Intermediate

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org
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