This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the usage and application of varying types of tax credits as they apply on individual returns, with focus on the TY2023 season. While this does cover credits described in more detail in other modules of this series, it is … Continue reading "UtPoIT - Tax Credits"
This course - one of our "Understanding the Principles of Individual Taxation" series - will go over the treatment of business expenses, primarily outlined in IRS Publication 535, in regards to TY2023 law. This course will explain the difference between personal and business expenses, including their subsequent deductibility. While the specific focus is on the … Continue reading "UtPoIT - Self-Employment"
This course - one of our "Understanding the Principles of Individual Taxation" series - will go over the treatment of business expenses, primarily outlined in IRS Publication 535, in regards to TY2022 law. This course will explain the difference between personal and business expenses, including their subsequent deductibility. While the specific focus is on the … Continue reading "UtPoIT - Business Expenses"
This course will go over the treatment of business vehicle expenses, primarily outlined in IRS Publications 535 and 463 for TY2023. This course will explain the rules regarding deducting vehicle expenses and a clarification between business and personal use. Also in the discussion are topics like depreciation limitations and certain special rules regarding the adoption … Continue reading "UtPoIT - Vehicle Expenses"