Itemized Deduction Updates - With Examples & Case Studies (Basic Overview)

4.6 (2554)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Monday, April 26, 2021 | 11:00 AM EDT

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

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 PDC credit for SHRM Certified Professionals (Approval No. 21-W37SD)

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Tax Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 290007)

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

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0241)

1 Business Credit credit for HRCI Certified Professionals (Approval No. 548063)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

May 18, 2021 | 01:30 PM EDT Register
May 25, 2021 | 04:00 PM EDT Register

This webinar is also available in self-study (On-Demand)

Click Here

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 latest Online CPE webinar is updated after the pandemic, covering the latest updates.

Who should attend:
This CPE/ CE online webinar on Tax updates for Individuals is for CPAs, EAs, AFSP participants, Tax professionals, CPA/ PFS, Financial planners and any professional or staff member involved in preparation, filing or review of Individual Tax returns.

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
  • To consider how clients can properly take advantage of these deductions, such as IRC 179 or bonus
  • To 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
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Financial Planner
  • Certified Fraud Examiner
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial CPA
  • HR Professionals
  • Human Resources Manager
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros

Testimonial

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    [no_of_record] => 2554
    [average] => 4.6226
)
 

4.6

(2554)
67%
29%
4%
0%
0%

DM

the platform is very user friendly

UB

I thoroughly receive a great value from online webinars.

ED

very informative and very useful!! I considered it a great webinar that could justifiably be a 90 minute presentation! I really appreciated being able to attend... thank you for including it in your offerings!!!

DB

Was fine

LB

Good class

JE

Though a basic course there were some nuggets of material that was new to me.