This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the fundamental principles of self-employment income for TY2022 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 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 TY2022. 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"

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 TY2022 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 TY2022 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 "Understanding the Principles of Individual Taxation: 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 TY2022 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 TY2022 tax law, but does contain some historical discussion.