Advanced Staff Tax Training: Individual 2024

This course will elevate your individual income tax preparation skills and knowledge. It will help you go beyond the basics and will help you provide superior service to your clients. We will cover topics including taxation of investments, reporting of partnership and S-corporation income, net investment income tax, calculation of self-employment taxes, household employer taxes, social security taxation, basic retirement planning opportunities and Alternative Minimum Tax (AMT). In addition, we will also do a review of loss limitations and much more.

Presenters - Troy K. Lewis

Designed For: Tax professionals, CPAs, accountants, and other financial professionals looking to expand and update their understanding and knowledge of individual income tax preparation.

Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Director; Sole Practitioner

• Identify all of the individual income tax series 1040 and basic schedules and know when each form is used
• Calculate the total tax liability of an individual taxpayer with several advanced individual complications
• Recognize concepts through the use of basic quick case studies

• Taxation of investments
• Reporting of business income and losses from pass-through entities including loss limitations
• Non-income taxes that impact individual income tax returns
• Retirement contributions and planning
• Alternative Minimum Tax (ATM)
• Social Security taxation
• Charitable contribution planning with limitations

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