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Wednesday, December 16, 2020 Webcast

Individual Tax Fundamentals (X3-2206581)

9:00 AM - 5:00 PM EST
webcast

Webcast

8.0 CPE Credits in TX

OVERVIEW

This course provides participants with up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals. Let us help you sort through the maze of tax compliance and tax planning strategies to make sure you are taking advantage of present opportunities and preparing for the future. It is critical that you ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans. Join us for this face-paced, real-world session and make yourself look like a hero in your client’s eyes. Course materials include the latest legislative and IRS guidance on key tax reform topics.

DESIGNED FOR

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season.

BENEFITS

  • 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

    HIGHLIGHTS

    • Filing requirements and personal exemptions
    • Gross income inclusions, exclusions, and adjustments
    • Travel and entertainment
    • Standard and itemized deductions
    • Tax and tax credits
    • 0.9 percent Medicare payroll tax
    • 3.8 percent net investment income tax
    • Income exclusions
    • Hot tax planning strategies for individuals and small businesses
    • Roth IRA, IRA and retirement plan options

      COURSE LEVEL

      Basic

      PREREQUISITES

      Knowledge of individual income taxation and Form 1040 preparation.

      ADVANCE PREPARATION

      None

    INSTRUCTOR

    J. Harden

    J. William Harden, CPA, Ph.D., ChFC

    AICPA/Professional Development Institute

    J. William Harden, Ph.D., CPA, ChFC University of NC Greensboro / Greensboro, NC Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and ethics. Bill has over twenty years of experience in taxation. He began his public accounting career in 1990 in the Dallas office of one of the Big Six accounting firms. In addition to his university teaching, Bill consults on tax and financial planning issues and maintains a sole practice in North Carolina, focusing on taxation and financial consulting for small businesses and individuals. Bill has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002. Bill has been involved in CPE instruction for over a decade. He was the author of the AICPA’s tax update courses from 2007 through 2012 and received AICPA instructor awards in 2011, 2012 and 2013. Bill also received NCACPA outstanding instructor awards in 2009, 2010 and 2011. Bill has authored over 30 publications in tax accounting and financial planning journals, including the Journal of Financial Service Professionals, Strategic Finance, National Tax Journal, Journal of Business Finance and Accounting, Tax Notes, Tax Advisor, Journal of the American Society of CLU and ChFC. Mr. Harden is currently a member of the American Accounting Association, the American Taxation Association, the National Tax Association, the AICPA, and the North Carolina Association of CPAs. He is a past board member of the Piedmont Chapter of the NCACPA.

PRICING

$279.00 - Member

$339.00 - Non Member

Register Today


Note: Online pre-registration will close on December 16 at 8:30 AM.

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COURSE DEVELOPER

AICPA/NJCPA