Webcast: Individual Tax Fundamentals (XAITF117)
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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.

5/15/2017
When: 05/15/2017
9:30 AM until 5:30 PM
Where: Webcast
AICPA
1364116:D40FBFA3EADAA8BF2DCC77336CD1F009
United States
Presenter: Doug Stives


Online registration is closed.
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AcronymXAITF117
CPE8 hours
VendorAICPA
Category
Taxes
LevelBasic
PrerequisiteNone
Adv PrepNone
Yellow Book?No
Designed forCPAs and accountants new to taxation
Registration
Member$249
CPA Non-Member$319

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

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
  • 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