Surgent's Max the Tax: Common Deductions

Prerequisites

Basic knowledge of tax accounting principles

Objectives

• Determine whether any updates are required based on the tax return items flagged for review
• Understand how recent legislation impacts Form 1040 reporting

Highlights

• The taxation of cryptocurrency mining
• The CARES Act Economic Impact Payments and Recovery Rebate Credit
• The ARPA unemployment compensation exclusion
• Charitable contributions
• The Child Tax Credit