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Itemized Deduction Updates - With Examples & Case Studies

4.6 (2786)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Tuesday, August 18, 2020 | 11:00 AM EDT

  • AFSP
  • CFP
  • CPA
  • CVA
  • EA
  • HRCI
  • Tax Preparer
  • CPA/PFS
  • SHRM
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Upcoming Webinars

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Jun 18, 2021 | 09:00 AM EDT View Details

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Jun 18, 2021 | 10:00 AM EDT View Details

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Jun 18, 2021 | 10:00 AM EDT View Details

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Jun 18, 2021 | 10:00 AM EDT View Details

are you creating legal liability when you hire or recruit online? - covid -19 special

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annual federal tax update - c & s corporations, partnerships & llcs (forms 1120, 1120s & 1065)

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Jun 18, 2021 | 08:00 AM PDT View Details

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Jun 18, 2021 | 08:00 AM PDT View Details

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Additional Dates

Jun 21, 2021 | 04:00 PM EDT Register

Course Description

Being a Tax Professionals or CPA or Financial Advisor or any finance professional you would have been definitely ask this question Is this deductible?

Because every taxpayer wondered if you can itemize deductions on your tax return? Actually, they wondered what, exactly, itemizing means? They don't even know that Itemized deductions comprised of various types of certain expenses that you incur throughout the year (things that are—surprise, surprise—“tax-deductible”). If the total amount of these expenses is greater than the standard deduction amount, you should itemize instead of taking the standard deduction and may have a reduce tax liability.

When you’re filling out federal tax return this year, you’ll be asked to either calculate your itemized deductions or to take the standard deduction—an amount predefined by the IRS and based upon your filing status (e.g., single or married filing jointly). If you don’t qualify to itemize deductions, you will choose the standard deduction.

With the change in the tax law, and other previously confusing guidance from Congress and the IRS, clients often ask, can I deduct that? This CPE webinar will look at the most common deductions clients ask about and how to properly determine, is that deductible and give your client or colleague or friend the best advice? This is latest webinar is updated after the pandemic, covering the latest updates.

Learning Objectives

  • To identify the most common questions clients have about tax deduction
  • To identify proper tax treatment for these commonly asked areas of the law
  • To recall the application of new tax law to the different deductions that clients would enjoy in the past
  • Consider how clients can properly take advantage of these deductions, such as IRC 179 or bonus
  • Identify how the change in entity structure will effect common deductions, such as unreimbursed employee expenses vs. an accountable plan

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros

Testimonial

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    [average] => 4.6192
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4.6

(2786)
67%
29%
4%
0%
0%

AW

Although I am a seasoned tax professional, sometimes it is good to go back to the basics!

SL

very informative presentation. I have a better understanding of itemized deductions after taking this webinar.

DL

Excellent as always!

SA

All the information provided was very helpful!

RW

Jason is the best presenter

NB

The presenter, Jason Dinesen, has a way of keeping tax topics from being a snore fest. The slides are easy to following and the way he "draws" on the slides to add effect keeps my attention and helps me retain the information. I look forward to more webinars by Jason.