This course (Part 4 of a four-part program) is essential for the tax practitioner who wants to update their knowledge of individual income taxation. Specifically, this portion of the four-part program deals with remaining miscellaneous issues not covered in the first three parts of the program (as defined in the highlights section below) that a practitioner encounters when preparing federal income tax returns.
Course ID: FTU4
Federal Income Tax Update Part 4 – Other Issues
Learning Objectives
Upon completion of this course participants will be able to:
- Recognize the current status updates of various miscellaneous issues encountered in preparing federal income tax returns.
Major Topics
- Issues revolving around the employment of a family member
- Self-insured health insurance deduction
- Proper claiming of expenses in a business
- Profit motive
- Bonus depreciation issues
- Section 179 deduction
- Section 197 intangibles
- Employee vs. Independent Contractor issues
- Meals and Entertainment
- Business use of home
- Section 199A deduction issues
- Cannabis business issues
- Self-employment tax issues
THIS COURSE IS PART 4 OF A FOUR-PART SERIES:
Who Should Attend
CPAs and EAs
Fields of Study
TaxesPrerequisites
None