Tax laws are constantly changing. Tax and financial professionals need to stay current to understand the impact of these changes and to minimize taxes. This practical webinar provides a comprehensive update and an instant working knowledge of all key tax provisions. This course covers all the aspects with regard taxation and latest developments in tax laws. It includes basic formulas and methods that how the income tax is calculated. Further there are which deductions are available for individual tax clients which helps to minimize tax burden of your clients. You will come to know latest amendments from this course and enhance your knowledge to serve best to your individual tax clients.
MAJOR TOPICS COVERED
- Essentials of Income Taxation
- Basic Formulas for calculating Income tax
- Various types of tax years
- Identification of income and deduction with examples
- Incomes and Exclusions
- Factors affecting and determining filing status
- General tax concepts
- Estimated Payments
Recommended for CPAs, CFPs, EAs and other tax professionals.