Intermediate Individual Taxation - VIRTUAL
Webcast Only
8.00 Credits
Member Price $300.00
Price will increase by $50 after 8/1
Non-Member Price $350.00
Price will increase by $50 after 8/1
Overview
Congress continues to create uncertainty with its frequent legislative changes.
This course will provide clarity to you and your client seeking to keep abreast of tax law changes and the individual and business planning opportunities the American Rescue Plan of 2021, tax court decisions, and IRS guidance on the hottest tax topics affecting individual taxpayers. 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.
Prerequisites
Knowledge of individual income taxation and form 1040 preparation
Designed For
CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season
Objectives
- Determine the various items that should be included or excluded in an individual's gross income and their proper tax treatment
- Apply 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
- 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
- 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 information required to include the claim for a tax credit on an individual income tax return
- Calculate the qualified business income deduction
Preparation
None
Leader(s):
Leader Bios
Bruce Nelson, AICPA
Bruce M. Nelson, MA, CPA, with the firm of Ehrhardt, Keefe, Steiner & Hottman, P.C. Prior to joining EKS&H he practiced as a CPA with Silverstein & Pomerantz. Bruce’s experience also goes back to two years as the Manager of Tax Policy at the State of Colorado. Before that, he was a Senior Tax Manager for several years in a “Big Four” accounting firm, where he ran the state and local tax desk. Bruce earned his B.A. degree from the University of Nebraska-Lincoln and a Master’s degree from Colorado State University and is a licensed CPA Colorado. He is on the adjunct faculty for Regis University where he teaches courses in individual, partnership, and corporate taxation. He is a frequent seminar speaker teaching continuing education in state and local tax for the University of Denver’s Graduate Tax Program, the Colorado Society of CPA’s, and the American Institute of CPAs. Bruce has published more than forty tax articles in many publications including the Journal of Accountancy, Tax Executive, Controller Magazine, the Journal of Multistate Taxation, State Tax Notes, and Colorado Lawyer. Bruce is the author of AICPA’s CPE courses Multistate Income Tax: Simplifying the Complexities and also Sales and Use Tax: Guide to Doing it Right. A former columnist for the Journal of State Taxation, he is also the co-author of the Sales and Use Tax Answer Book and co-editor of the Guidebook to Colorado Taxes, both published by Commerce Clearing House. He is a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants.
Non-Member Price $350.00
Member Price $300.00