Intermediate Individual Taxation - Tax Staff Essentials
Tax tips and tax strategies to help guide your new and existing individual clients.
Format
Online
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
15
Author(s)
AICPA and CIMA staff
Availability
1 year
Product Number
TSEIIT25SSO
This product has been updated to reflect changes under H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act or OBBBA.
Modern tax strategies for individual clients
Frequent changes in legislation make it challenging to keep track of the opportunities for individuals to save on their taxes. Materials explain the latest tax law changes and the individual and business planning opportunities they provide.
You'll gather a wealth of tax-planning tips and strategies and learn about key tax return issues so you have the latest guidance to serve your clients better.
In this course, you'll explore the effects of the latest tax legislative, regulatory, and court actions, including:
- SECURE Act 1.0 and 2.0
- Inflation Reduction Act of 2022
- Tax Court decisions
- IRS guidance on the hottest tax topics affecting individual taxpayers
Part of Tax Staff Essentials Level 2
This self-study online course is part of Tax Staff Essentials Level 2, a comprehensive learning program that provides experienced staff with the advanced technical training required to work with their most sophisticated clients.
This course can be purchased individually or as part of Tax Staff Essentials Level 2.
Who Will Benefit
CPAs working with clients or employers requiring up-to-date expertise in individual income taxation
Key Topics
- Gains and losses on property transactions
- Fringe benefits
- Retirement plan distributions
- Hobby losses
- Home offices
- Depreciation and amortization
- The qualified business income deduction under Section 199A
- Passive activities
- Business transactions
Learning Outcomes
- Determine whether an activity is passive or active.
- Determine the allowable deductions for vacation homes.
- Determine the proper accounting method allowed for a business entity.
- Determine the amounts allowable for deducting travel and transportation expenses.
- Identify income categories and entity types that qualify for the qualified business income (QBI) deduction.
- Identify the rules for amortizing and expensing start-up costs, intangible assets, and research and experimentation expenditures.
- Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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