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Best Overview on Individual Tax Updates Latest (Basic)

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

Published: January, 2022

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Before starting this self study program, please go through the instructional document.

  • 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 every year. 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.

Session-1: INDIVIDUAL TAX UPDATE

This session of this CE webinar provides a comprehensive update and an instant working knowledge of all key tax provisions. 

This Individual tax update session of this CE webinar will cover following major topics:

  • Essentials of Income Taxation
  • Basic Formulas for calculating Income tax
  • Identification of income and deduction with examples
  • Incomes and Exclusions
  • Factors affecting and determining filing status
  • General tax concepts
  • Estimated Payments
  • Credits

Session-2: CHILDREN OF ALL AGES - COMPREHENSIVE PLANNING TECHNIQUES (NEW)

In light of the Tax Cuts and Jobs Act, this session of the continuing education course offers practitioners planning techniques with regard to children. What are clients’ options when they marry a person who has children from a prior relationship? Can the stepparent still claim the children as dependents? And if not, what options are available to the stepparent instead?

This session of this CPE/CE course covers the following major topics:

  • 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

Session-3: TAXES ON CRYPTOCURRENCY & DIGITAL ASSETS WITH LATEST IRS GUIDANCE

Millions of crypto traders are searching daily for tax professionals with expert knowledge of crypto taxation. This CPE session provides you with the up-to-date training and answers you need to ad crypto tax prep to your practice.

This CE webinar session on cryptocurrency will answer the following major questions:

  • What is block-chain, 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.

Session-4: ITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES

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 session 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?

Session-5: SECTION 199A UPDATE

This CPE/CE webinar session will look at all the 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 greyer areas involved with the 199A deduction. What new info, opportunities, and requirements) do these new forms and guidance throw at our feet? What does it mean for tax returns claiming QBID?

Session-6: INTERMEDIATE/ADVANCED COURSE ON EDUCATIONAL TAX CREDIT BENEFITS AND FINANCIAL PLANNING

This online CPE session will go in-depth on the American Opportunity Credit, Lifetime Learning Credit, tuition and fees deductions, 529 College Savings Plans, and the interaction between all of these tax benefits. We'll focus on both the mechanics of these benefits as well as planning opportunities ... and potential potholes.

This Online CPE/CE Webinar session covers the following Key Topics:

  • 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
  • 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 CE Credit for Tax Professionals (Approval No. GEHNZ-U-00289-20-S)
  • 8 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 8 CE Credit of Federal Tax 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 Taxes for Annual Filing Season Program (AFSP)

Presenter

About Presenter

Jason Dinesen, EA, LPA

President Dinesen Tax & Accounting, P.C.

Jason Dinesen (LPA, EA) is an entrepreneur, tax expert, and CPE Presenter. Dinesen brings over 15 years of experience helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. 

Dinesen is a regular CPE Presenter at myCPE. He has coached more than 200k+ accounting, taxes, and HR professionals on various topics of accounting, individual taxation, corporate taxation, and professional ethics.  Jason has developed a strong following within the professional community for tax-related subjects. 

Dinesen is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

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

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