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 TY2019 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. 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 of expense … Continue reading "UtPoIT – Vehicle Expenses"

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover various types of passive income, primarily through reporting interest, dividends, and utilizing Schedules K-1 through the Schedule E for the TY2019 onwards.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover various types of pension and annuity income topics. In this class, we will discuss contributions, plan requirements, income reporting, and figuring the taxable amount of various types of pensions and annuities, among other things.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover claiming dependents and will highlight the numerous effects of dependents on the return, from intersectionality with filing status to the numerous credits available. This course covers TY2019 law, with some discussion on prior year tax treatment.

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 TY2019 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 cover the various tax benefits and credits associated with education as outlined primarily in IRS Publication 970. This course applies mostly to TY2019 tax law, but does contain some historical discussion.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the rules and requirements for recordkeeping while operating as a tax practitioner. This will touch on both general IRS rules and specific rules outlined in Circular 230.