When you’re filling out a 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 webinar will go into depth, beyond the basics, on itemized deductions. The following topics covered will be covered in detail: medical expenses: is it deductible or not? Mortgage interest issues including interest-tracing rules, dealing with home equity lines of credit, and dealing with mortgages that are over the thresholds; investment interest; charitable contributions; casualty losses; and miscellaneous deductions.
Key topics:
Medical expenses: what's deductible and what's not?
Medical expenses: dealing with capital improvements
Interest expenses: Tax Cut and Jobs Act changes
Interest expenses: dealing with loans above the TCJA limits
Interest expenses: dealing with home equity lines of credit
Calculating casualty losses ... and is it deductible anyway?
What exactly are "miscellaneous deductions"?
This webinar is suitable for:
Professional or Tax Staff Involved in Preparation, Review or Providing Advice on Individual Tax Returns Professional or Practitioner who wants to learn more about Individual tax planning or Tax reduction strategies
Learning Objectives
To define what allowable medical expenses are
To define what the TCJA changed regarding mortgage interest
To review how to make mortgage calculations to determine deductible amounts
To analyze how to implement AGI rules around charitable contributions
To analyze how to report non-cash charitable contributions
To discuss how to calculate casualty losses
To define when casualty losses are now deductible under the TCJA
To define what miscellaneous deductions are
Who Should Attend?
Tax Practitioners
CPA - Small Firm
CPA - Mid Size Firm
Tax Pros
CPA (Industry)
Tax Firm
Young CPA
CPA in Business
Entrepreneurial CPA
Tax Accountant (Industry)
Tax Director (Industry)
Tax Managers
Tax Preparer
Bookkeepers & Accountants & Tax Preparers
California Registered Tax Professional
Maryland Tax Preparers
Tax Professionals
Oregon Tax Preparers
Additional details
Subject Area :
Taxes
Course Level :
Advance
CPE Credits :
2
CE Credits :
2
IRS Course ID :
GEHNZ-U-00433-21-O
CTEC Course ID :
6273-CE-0433
Instructional Method :
Group Internet Based
Pre-requisites :
Basic Understanding Of Individual Tax Laws And Form 1040
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.
Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.
FAQ
To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).
Testimonial
4.9
(63)
92%
8%
0%
0%
0%
VD
Valerie Delvoye ,
Feb 23rd 2021
This was a great deep dive into itemized deductions.
MD
Michael D'Amato ,
Feb 22nd, 2021
Great material and the topics were presented well.
MEM
Mary Ellen Morris ,
Feb 22nd, 2021
Excellent
BS
Brian Shade ,
Feb 22nd, 2021
Good instructor who knows his stuff and provides great examples to help teach
