Individual Tax Fundamentals - Tax Staff Essentials

Overview

Tax professionals can enhance their practice by studying tax-saving strategies for individual clients.

Prerequisites

None

Objectives

• Identify individual retirement account (IRA) and qualified plan distributions.
• Recognize the taxation of virtual currency.
• Recall how health savings accounts (HSAs) work.
• Recall the self-employed health insurance deduction.
• Recall the deductibility of charitable contributions.
• Recall the steps to figuring the qualified business income deduction under Section 199A.
• Recall the net investment income tax (NIIT) on unearned income.

Highlights