Live Stream: Intermediate Individual Taxation
294 | Livestream | Intermediate | Scheduled
Description
Frequent changes in legislation make it difficult to keep track of the opportunities for individuals to save on their taxes. Materials provide explanations of the latest in tax law changes and the individual and business planning opportunities they provide. Explore in depth the effects of the latest tax legislation, including the SECURE Act, the SECURE 2.0 Act, the Inflation Reduction Act, tax court decisions and IRS guidance on the hottest tax topics affecting individual taxpayers, including those with small businesses. This course provides a wealth of tax-planning tips and strategies and addresses key tax return issues to arm you with the latest guidance to better serve your new and existing clients.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
| 6.75 | CLE |
Designed For
CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season
Prerequisites
Knowledge of individual income taxation and Form 1040 preparation
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
Objectives
When you complete this course, you will be able to:
- 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.
Prices
- Member (Early Bird)
- $299.00
- Non-Member (Early Bird)
- $399.00
- Member
- $299.00
- Non-Member
- $399.00
Instructors
Robert W. Wells, CPA, CFE
Robert "Wayne" Wells has 51 years of experience in public accounting and annually instructs numerous continuing education seminars and in-firm training classes for continuing education providers in the areas of accounting, auditing, fraud, and taxation.
Wells began his career in public accounting in 1970 with the national firm of what was then Touché, Ross & Co. in Nashville, Tennessee. In 1974, he joined a local firm in Nashville and provides accounting, auditing, fraud investigations, and tax services to small- and medium-sized businesses as well as extensive tax services to individuals.
Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science degree in accounting and economics. He holds a certified public accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the American Institute of Certified Public Accountants. He is a recipient of the Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants, the Outstanding Discussion Leader Award presented by the AICPA, and an Outstanding Discussion Leader Award presented by Surgent..
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