Webcast: Individual Tax Fundamentals
WA788 | Partner Virtual Events | Basic | Scheduled
This course provides participants up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans. TOPICS DISCUSSED Filing requirements and personal exemptions Gross income inclusions, exclusions, and adjustments Travel and entertainment Standard and itemized deductions Tax and tax credits 0.9% Medicare Payroll Tax 3.8% Net Investment Income Tax
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LEARNING OBJECTIVES When you complete this course you will be able to: Determine the filing status and interpret the filing requirements for individual taxpayers Determine gross income inclusions and exclusions around dividends and interest Differentiate the taxability of deferred income, Social Security benefits, and other taxable income Apply the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns Recognize Education related expenses and the rules for Health Savings Accounts Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions Gather the necessary information required to include tax credits on an individual tax return Recognize when the Medicare Payroll Tax will impact an individual Identify the applicability of the Medicare tax on Net Investment Income
This webcast is provided by the AICPA. After registering for the course, you will receive an email from the AICPA with instructions for logging in to the webcast and obtaining your eMaterials.
- Member (Early Bird)
- Non-Member (Early Bird)