Individual Tax Update
Credits: 8
Format: Live In Person Event
Field of Study: Taxes | Federal Tax Update
Author/Speaker: Art Werner
Course Description
This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 and schedules A-F, SE, 2106, 1099, and 1098 complexities, including, updates of tax legislation and planning strategies to better assist your clients. This year has already given us Secure Act 2.0, are they done we doubt it. How can you better prepare your client for next year? When filing what strategies can I take advantage of for my client? You have the questions; Art has answers for you. An update is an update, this class will give you much, much, more.
Learning Objective:
To provide participants with both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1040 for the tax season and be able to offer tax planning strategies to their clients.
Review of essential IRC Sections
Review of new legislation
New credits, deductions, and tax relief
Alternative Minimum Tax issues
Individual retirement plan issues
Review of COVID Bills, Secure Act, and their impact
Required minimum distributions.
Income and exclusions from cancellation of debt
Reporting foreclosures or repossessions of residences and other real estates
Secure Act 2.0