Best Overview on Individual Tax Updates Latest (Basic)

  • Accountant
  • AFSP
  • CRTP
  • CGFM
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • MRTP
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CFIRS
  • CWS

Published: January, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is BBB (Build Back Better)
    2 mins
  • Expanded daycare credit
    21 mins
  • What is restaurant
    49 mins
  • Charitable deductions
    82 mins
  • Adopted children and foster children
    111 mins
  • Head of household filing status
    146 mins
  • What is virtual currency?
    168 mins
  • Itemized deductions vs. Standard deduction
    206 mins
  • What are state and local taxes?
    236 mins
  • Charitable contributions
    280 mins
  • Lifetime learning credit
    353 mins
  • Scholarships and kiddie tax
    384 mins

Course Description

Individual tax is one of the most productive and income-generating subjects for tax practitioners. Though there are specifics available for each individual topic in Individual tax, there is a requirement for the best overview of the update periodically. 

Qualified EA, LPA, and Advisor Mr. Jason Dinesen provides us a birds-eye view with a special focus on individual tax updates, comprehensive planning techniques for children of all ages, latest guidance on taxes for cryptocurrency and digital assets, section 199A updates, the latest update on educational tax credits, and key tips to reduce taxes for your clients in this comprehensive self-study CPE webinar.

Divided into sessions, this course covers a huge amount of information that can prove to be very useful for tax professionals. It provides a comprehensive view of the update and working knowledge of some of the key tax provisions. In the light of the Tax Cuts and Jobs Act, the course offers planning opportunities for child tax credits. It especially answers some of the important questions such as - What options are available for a client who marries a person with children from a prior relationship(s)? Options available for claiming child tax credits for the stepparents et. al. Cryptocurrency and its tax updates covered in the course provide up-to-date training you need to add crypto tax preparation to your practice.

This IRS-approved online Tax Course helps you answer the most common deductions that clients generally inquire about. It assists you in properly determining these deductions, and recognizing what can be the best advice to take the advantage of the best possible deductions. It helps in exploring the change in the law, guidance, rules, and regulations to support your understanding and strengthen your practice.

This CPE/CE webinar will explore different scenarios involved when calculating the IRC 199A deduction. It will also look at different ways practitioners and taxpayers can protect themselves from some of the grey areas involved with the 199A deduction. The course also explores the opportunities through new information and requirements pertaining to claiming qualified business income deductions.

This Tax course covers the American Opportunity Credit, Lifetime Learning Credit, tuition, and fees deductions, 529 College Savings Plans, and the interaction between all these tax benefits. This in-depth coverage of the subject is not only providing an important understanding of the tax code but also helps the planning opportunities for the clients and avoids potential potholes ensuring better client servicing.

This IRS Approved Online CPE/CE Webinar on Taxes covers the following Key Topics:

  • Essentials of Income Taxation, Basic Formulas for calculating Income tax; Incomes, and Exclusions
  • Identification of income and deduction with examples
  • Factors affecting and determining filing status
  • General tax concepts, Estimated Payments, and Credits Tax rules as they pertain to claiming children as dependents in varying degrees of life circumstances i.e., birth children, adopted children, and stepchildren
  • The factors that affect dependency such as divorce and issues of custody
  • Options available to parents when they are unable to continue claiming children as dependents as a result of divorce
  • The definition of a qualified child and learning the 5 tests of qualifications
  • What are blockchain and cryptocurrency
  • How to treat the tax returns of your clients who are active in the cryptocurrency market?
  • How the U.S. federal tax system treats common property dispositions and how those rules relate to analog in cryptocurrency.
  • Refreshers on educational tax credits, deductions, and other benefits
  • Basic and complicated calculations
  • Maximizing tax credits and 529 plans
  • Student loan interest, dealing with scholarships, and Potholes associated with scholarships and loans and dependency exemptions
  • Planning and decision making

Learning Objectives

  • To identification of income and deduction with examples
  • To list new tax guidelines and identify the related factors as they pertain to child dependency laws
  • To recognize how the blockchain technology works, why it is important and how it differes from existing technology
  • To recognize the tax ramifications of crypto transactions (Investors, miners, Payer/Payee, Like Kind Exchange, Charitable Contributions & Initial Coin Offerings)
  • To recall the application of new tax law to the different deductions that clients would enjoy in the past

Recommended For

  • This CPE/ CE webinar is suitable for any CPA or Tax Professional or Staff Involved in the preparation or review of Individual Tax Returns or providing Financial Planning Guidance.
  • This IRS-Approved CE course is beneficial for EAs, AFSPs, Tax Practitioners, and Other Tax Professionals desiring to have a comprehensive overview on individual tax updates.

Who Should Attend?

  • Accountant
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • California Registered Tax Professional
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 8 CPD Credit of General income tax planning for Personal Financial Specialist (PFS)
  • 8 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00289-20-S)
  • 8 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 8 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0297)
  • 8 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP)
  • 8 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-00289-20-S)
  • 8 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-00289-20-S)
  • 8 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 8 CE Credit for Certified Wealth Strategist (CWS)
  • 8 General Credit for Accountant/Bookeeper
  • 8 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 8 CPE Credit for Financial Services Certified Professional (FSCP)
  • 8 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 8 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 8 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 8 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)
  • 8 CPE Credit for Certified Government Financial Manager (CGFM)

Additional details

  • Course Level :
    Basic
  • Credits :
    8
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

Presenter

About Presenter

Jason Dinesen, EA, LPA

President, Dinesen Tax & Accounting, P.C.

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.

Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.

He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.

Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience. 

He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics. 

Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. To reinvent this aptitude, he has recently started his own series of podcasts on myCPE ‘The Jason Show’, an edutainment podcast series that also provides continuing credits to the listeners.

Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. Jason holds season tickets to University of Iowa football, and enjoys using his chainsaw. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky. 

About Company

Dinesen Tax & Accounting, P.C.

www.dinesentax.com

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

FAQs content

  • 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.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • 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.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • 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.

Ratings and Review

4.3

55 Ratings

Excellent

28

Very Good

19

Average

7

Poor

1

Terrible

0

JS

Judy Smith, Accountant

Feb 16th, 2022

myCPE programs allows me to work on my on time schedule. My learning habits are different than most people. I have to read over the handout before the webinar, then I listen to the trainer and take the note on the webinar. And with this program it allows me the time to review before taking the Quiz

HS

Henry Staaterman, CPA (US)

May 7th, 2022

no

DF

Doug Fujino, EA

Jan 13th, 2022

The presenter is very good, however, the supporting documents/class handouts, seem like they were just jammed together. Many slides have been repeated in the handout. One cohesive document would have been much appreciated.

BB

Brian Besse, CPA (US)

Jan 15th, 2022

The seminar contained a lot of "out of date" material not relevant to 2021 taxes.

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