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"

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 retirement, pension, and annuity income. This course will cover reporting retirement income reported through Form(s) 1099-R, SSA-1099, RRB-1099-R and RRB-1099, among others. We will also discuss reporting requirements and practices for everything from contributions to and … Continue reading "UtPoIT – Retirement, Pensions, and Annuities"

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 TY2020 season onwards.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the fundamental principles of rental and royalty income for TY2020 and how it is reported primarily through the Schedule E. Detailed discussion over income and taxation types, active and material participation, deduction and loss limits, recordkeeping, and more will … Continue reading "UtPoIT – Rental and Royalty Income"

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the reporting of capital gains income due to everything from yard sales, business asset sales, stocks, cryptocurrency, and beyond for TY2020 onwards.

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 TY2020 tax law, but does contain some historical discussion.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover various aspects of taxes outside the income tax and how they intersect with federal taxation. In this course, we will cover various types of payroll and other state and local taxes, especially in regards to FICA and Form W-4 … Continue reading "UtPoIT – Taxes, Estimates, and Withholding"