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Individual Tax Update Session 1

NASBA Field of Study:

Taxes

4 CPE Credits

CFP Board Accepted:

Yes

CTEC Credits:

Do not apply to Webcasts

Breaks:

Every 50 minutes for the first 3 hours

Price:

$179.00 * (for both Session 1 and Session 2; total of 8 CPE credits)

Prerequisites:

General experience in tax preparation for individuals.

Advance Preparation:

Level:

Update

Course Description

Following are just some of the many topics that will be covered at this year's Federal Tax Update.

Another round of the Making Work Pay tax credit and $250 payment to Social Security recipients creates major tax season problem
Exclusion of unemployment benefits . . . maybe
New foreign bank account reporting
Property taxes always deductible–add to standard deduction
Education credit greatly increases, especially for third- and fourth-year college students
Relief provision for Madoff/Ponzi scheme losses
Tax incentives for residential improvements
Personal exemption and itemized deductions increase for wealthy in 2010
Mortgage interest limits tested by IRS auditors

Real Estate Changes

New! Homebuyer credit instructions and form
Last year to maximize use of the 0% capital gain rate
In-depth discussion on cancellation of debt relief for acquisition debt on principal residences
Use Form 982 to exclude real estate COD income

Learning Objectives

Upon successful completion of this course, participants will be able to:

Schedule
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For registration information, please contact our office at (800) 822-4194.

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