Description: |
Webinar Bundle credits not valid on this webinar. This comprehensive course covers key tax issues for completing complicated individual returns, including in-depth coverage of new legislation, case law developments, and relevant revenue rulings and procedures to help the busy practitioner stay current. Speakers are all practicing preparers who share practical tips to help you get ready for this tax season. Gear Up is the CPE sponsor for this seminar. For more CPE information go to: https://checkpointlearning.thomsonreuters.com/CPEBrands/CPEGearUpCompliance or www.pstap.org Coverage Includes:
• Filing status, the taxability of alimony payments and changes in the way the kiddie tax is calculated
• The rules of penalty assessment and abatement
• Changes to itemized deductions and determine the numerous credits that are available to taxpayers, both individual and small business including CORONA-19 related credits
• Changes to the education credits and deductions and the rules associated with debt discharge
• Taxation and planning problems associated with social security and Medicare
• The rules of retirement plan accumulation and distribution
• Retirement plan accumulation strategies
• Reporting of interest, dividends, and capital gains
• Tax practice and taxpayer strategies to safeguard confidential taxpayer information
• IRS issues ranging from reorganization to procedural aspects of notices and responding to the IRS
• The basics of reporting Schedule C self-employment income and expenses
• What tax years are retroactively exempt from the IRC Sec. 461(l) loss limitation rules for noncorporate taxpayers
• The CARES Act’s impact on an individual taxpayer’s net operating loss (NOL)
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