Basic, but not boring
Newcomers to tax return preparation are exposed to the many topics that encompass individual taxation. Topics, discussed in an approachable format, include:
Filing requirements and dependents
Gross income inclusions and exclusions
Adjustments to income
Standard and itemized deductions
Refundable and nonrefundable tax credits
Tax computations
Penalties
Taking advantage of present opportunities for your clients' future
Tax planning involves understanding a client's current situation to anticipate areas of future tax savings. You'll review common individual tax planning topics to better help clients prepare for their future.
Decoding recent legislative changes for individual taxpayers
You'll be able to provide your clients with the most current tax planning and tax-saving strategies for their tax plans. This course is updated for recent IRS guidance and legislation, including:
IRS revenue procedures and notices
SECURE 1.0
SECURE 2.0
Inflation Reduction Act