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 TY2025 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 TY2025 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 practitioner's 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 TY2025 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 TY2025. 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 Part 01"