Overview
Legislation, including H.R. 1, commonly referred to as OBBBA, has kept the federal
individual tax arena on its toes. This course provides up-to-date information on critical
tax issues affecting individuals, with a focus on compliance and tax planning
strategies. This fast-paced, real-world session will help participants look like a hero in
the eyes of their clients. Course materials include the latest legislative and IRS
guidance on key tax topics.
Objectives
- Identify which dividends are taxable.
- Identify individual retirement account (IRA) and qualified plan distributions.
- Recall how health savings accounts (HSAs) work.
- Recall the general rules of 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.
- Recognize the rules for taking advantage of the tax credits for higher education.
