CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Complex Schedule A Training

4.2 (25)

Nicholas Preusch

Nicholas Preusch

Wednesday, July 28, 2021 | 09:30 AM EDT

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00207-20-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0215)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CPD credit (Verifiable) for CPA/PFS

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00207-20-O)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00207-20-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

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12 powerful tax saving strategies for your small business owner clients

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fraud update - latest

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best overview on individual tax updates latest (basic)

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cash and kids: momentum on child tax credit

Aug 02, 2021 | 11:00 AM EDT View Details

s corps: crucial insights: why you should pick s over c, traps in s corp qualification, and more

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merchant account nightmares: the shady world of credit card processing fees

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Aug 02, 2021 | 12:00 PM EDT View Details

This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

The Internal Revenue Service provides the taxpayer an option whether the taxpayer wants to itemize their deduction or claim standard deduction. The amount of standard deduction is dependent on the failing status of a taxpayer. In case, the taxpayer has a significant amount of deductible expenses during the year i.e. higher than the standard deduction, the taxpayer may itemize the deduction. For this, the taxpayer needs to report the deductible expenses on Schedule A

However, the Tax Cuts and Jobs Act fundamentally changed the way Americans itemize deductions. With fewer Americans being able to itemize with the increased standard deduction, the IRS has not yet decreased auditors that focus on itemized deductions. This concludes that there is only a small audit pond for the IRS to fish from for people who itemized. With the increased detection risk, it is imperative that practitioners properly file Schedule A to protect their clients from increased taxes, penalties, and interest and protect practitioners from practitioner penalties.

This Online CPE/CE Webinar covers following Key Topics:

  • How to determine Medical Expenses
  • How to determine Taxes
  • Determine how to calculate Interest
  • Calculate Charitable Contributions
  • Understand the regular Casualty and Theft Losses

Learning Objectives

  • To identify which medical expenses can be claimed in itemized deduction
  • To recognize how to determine taxes
  • To recall how to calculate interest
  • To recognize the calculation of Charitable contributions to claim itemized deduction
  • To identify when to claim regular Casualty and Theft Losses as itemized deduction

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Financial Planner
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Attorney
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 25
    [average] => 4.2000
)
 

4.2

(25)
36%
52%
8%
4%
0%

BS

I found the seminar to be informative and should be helpful in my practice.

ZC

Good presentation