This course will cover Treasury Circular No. 230; The comprehensive guide to identifying who can practice before the IRS and in what capacity. It will also cover how to operate with due diligence individually and for your firm as well as how to avoid practitioner penalties. We will also touch on how to properly maintain … Continue reading "Digestible Circular 230"

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the fundamental principles of individual taxation, and to explain the concepts behind the structure of the tax system. This course covers explanations and clarifications of terms as well as an overview of the forms contained in the 1040 Series … Continue reading "UtPoIT – Basic Tax Overview"

This course - one in our "Understanding the Principles of Individual Taxation" series - will cover the explanation and taxability of income in individual tax returns as they apply to TY2020. Special emphasis will be placed on taxable and nontaxable income categories as well as explanations of differing tax requirements with all types of income.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the various reporting forms used to indicate to the taxpayer and the IRS what type and amount of income is contained within the taxpayer's records as it pertains to TY2020 returns. Example forms will be provided, along with explanations … Continue reading "UtPoIT – Income Forms and Reporting"

This course - one in our "Understanding the Principals of Individual Taxation" series - will cover the various rules and exceptions to the rules in regards to the filing requirements and filing statuses for Form 1040 series returns. In addition to covering the basics of who needs to file and how they need to file; … Continue reading "UtPoIT – Filing Statuses and Requirements"

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 TY2020 law, with some discussion on prior year tax treatment.

This course - one in our "Understanding the Principles of Individual Taxation" series - will cover the various types of deductions; Above-the-line, below-the-line, and an explanation of standard and itemized deductions. While it touches on the concept, this webinar does not cover business expenses in depth. However, a clarification of terms and explanation will be … Continue reading "UtPoIT – Deductions"

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 TY2020 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 fundamental principles of self-employment income for TY2020 and how it is reported primarily through the Schedule(s) C and F. Detailed discussion over self-employment tax and its attendant adjustments, recordkeeping, and more will help complete the practitioners' understanding.

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 TY2020 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"