Course ID: FTU22

Federal Tax Update 2022

This course (broken into 4 parts) is essential for the tax practitioner who wants to update their knowledge of individual income taxation. Part 1 of the series deals with status issues that a practitioner encounters when preparing federal income tax returns.  Part 2 of the series deals with income issues a practitioner will encounter when preparing federal income tax returns.  Part 3 of the series deals with deduction issues that a practitioner encounters when preparing federal income tax returns.  And finally, Part 4 deals with remaining miscellaneous issues not covered in the first three parts of the program that a practitioner encounters when preparing federal income tax returns


Learning Objectives

Upon completion of this course participants will be able to:

  • Recognize the status of issues encountered in preparing federal income tax returns.

Major Topics
  • Filing Status
  • Issues with Head of Household, Dependents, Qualified children, Qualifying relatives, Divorce and Separation, Death of taxpayer, FBAR, Cryptocurrency, Compensation, Cancellation of debt, Qualified Opportunity Fund (QOF), “Standard Deduction”, Home mortgage interest, investment interest, bonus depreciation, Section 199A deduction, Cannabis business, Self-employment tax, and issues revolving around the employment of a family member
  • Social Security benefits
  • Schedule D transactions
  • Wash sales
  • Receipt of damages
  • Taxability of life insurance proceeds
  • Medical deductions, State and local tax (SALT) deductions, Charitable deductions, Miscellaneous deductions, Self-insured health insurance deduction, Section 179 deduction
  • Legal fees
  • Gambling losses
  • Proper claiming of expenses in a business, Business use of home, Meals and Entertainment, Home sale exclusion
  • Profit motive
  • Section 197 intangibles
  • Employee vs. Independent Contractor issues

THIS COURSE CAN BE BROKEN INTO THE 4 FOLLOWING MODULES:

 


Who Should Attend

CPAs and EAs


Fields of Study
Taxes

Prerequisites

None


Provider
Business Learning Institute

CPE Credits
4

Level
Update

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: or team@blionline.org
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