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Individual Tax Fundamentals – Tax Staff Essentials
CPE Self-study

Individual Tax Fundamentals – Tax Staff Essentials

Understand how to respond to the needs of new and existing clients. Add value to your tax practice with tax-saving strategies for your individual clients.

$209 - $289
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

14.5

Author(s)

Wendy E. Kravit

Availability

1 year

Product Number

TSEITF21SSO

 Business & partner 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle..

Learn to decode the IRC’s complex set of provisions affecting individual taxpayers so you can provide your clients with the most current tax planning and tax-saving strategies for their tax plans.

Update your understanding of critical tax issues including the impact of the latest tax legislation and IRS guidance, including the American Rescue Plan Act of 2021, to gain a foundation in the federal tax arena for individuals.

Learn how to take advantage of present opportunities and prepare your clients for the future.

Who Will Benefit

  • CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

Key Topics

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Travel and entertainment
  • Standard and itemized deductions
  • Tax credits
  • Tax phase-out provisions for high income taxpayers
  • 3.8% net investment income (NII) tax
  • Income exclusions
  • Hot tax planning strategies for individuals and small businesses
  • Roth IRA, IRA, and retirement plan options
  • Section 199A qualified business income deduction

Learning Outcomes

  • Identify the filing status and interpret the filing requirements for individual taxpayers.
  • Identify gross income inclusions and exclusions around dividends and interest.
  • Distinguish the taxability of deferred income, Social Security benefits, and other taxable income.
  • Select the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns.
  • Recognize education-related expenses and the rules for Health Savings Accounts.
  • Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions.
  • Select the necessary information required to include tax credits on an individual tax return.
  • Recognize when the Medicare payroll tax will affect an individual.
  • Identify the applicability of the Medicare tax on NII.
Credit Info
CPE Credits
Online
14.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$289.00
AICPA Members
Online
$229.00
Tax Section Members
Online
$209.00

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.

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Wendy E. Kravit
CPA
"Wendy Kravit, CPA, MBA started her career working for the Internal Revenue Service as a Revenue Agent. After spending a few years with the government, she left the Service and joined the faculty of Northern Illinois University where she taught federal taxation in both the undergraduate and graduate programs. She also operated a sole proprietorship in Northern Illinois where she specialized in tax and representation before the IRS. She sold her practice in Illinois and moved to Maryland in 2004 where she continues to teach and consult. Ms. Kravit had been an active member of the Illinois CPA Society where she served on the Tax Executive Committee for many years. She was a steady member of the task force and occasionally the Chairman for the Annual Illinois CPA Society Federal Tax Conference. She has reviewed textbooks for publishers and she has written tax articles for various publications including the Tax Advisor. Currently, Ms. Kravit is a former member of the AICPA's IRS Practice and Procedures Committee. Wendy is author of several continuing education tax courses for the AICPA."
Accessibility

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Individual Tax Fundamentals – Tax Staff Essentials
Select from the following options:
Online
$289.00
Nonmember Price
$289.00
Price excluding sales tax
$289.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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