Individual Tax Fundamentals - Tax Staff Essentials
Tax professionals can enhance their practice by studying tax-saving strategies for individual clients.
Format
Online
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
13.5
Author(s)
AICPA Staff
Availability
1 year
Product Number
TSEITF25SSO
This product has been updated to reflect changes under H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act or OBBBA.
Basic, but not boring
Newcomers to tax return preparation are exposed to the many topics that encompass individual taxation.
Topics, discussed in an approachable format, include:
- Filing requirements and dependents
- Gross income inclusions and exclusions
- Adjustments to income
- Standard and itemized deductions
- Refundable and nonrefundable tax credits
- Tax computations
- Penalties
Taking advantage of present opportunities for your clients' futures
Tax planning involves understanding a client's current situation to anticipate areas of future tax savings. You’ll review common individual tax planning topics to help clients prepare for their futures.
Decoding recent legislative changes for individual taxpayers
You’ll be able to provide your clients with the most current tax planning and tax-saving strategies for their tax plans. This course is updated for IRS guidance related to recent legislation, including:
- SECURE 1.0
- SECURE 2.0
- Inflation Reduction Act
Part of Tax Staff Essentials Level 1
This self-study online course is part of Tax Staff Essentials Level 1, a comprehensive learning program that provides tax staff with the technical training required to support their teams.
This course can be purchased individually or as part of the Tax Staff Essentials Level 1 bundle.
Who Will Benefit
- CPAs working with individual tax clients
Key Topics
- Filing requirements and personal exemptions
- Gross income inclusions, exclusions, and adjustments
- Standard and itemized deductions
- Tax credits
- Tax provisions for high-income taxpayers
- 3.8% net investment income tax
- Roth IRA, IRA, and retirement plan options
- SECURE and SECURE 2.0 changes to retirement plan distributions
- Section 199A qualified business income deduction
Learning Outcomes
- 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.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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